Songa Offshore SE: Cancellation of the Subseque...
Songa Offshore SE: Cancellation of the Subsequent Offering Reference is made to the press release dated 20 April 2012 "Completed Private Placement of New Shares", in which Songa Offshore ("Songa" or the "Company") informed that the Board of Directors had resolved to conduct a "subsequent repair offering" to the shareholders in Songa who were not invited to participate in the private placement. The amount indicated for the repair offering was set to the NOK equivalent of USD 10 million.
The subscription price in the subsequent offering was set to NOK 18 per share. Closing share price as per 27 June 2012 was NOK 13.76 at the Oslo Stock Exchange, and the share has for the last weeks been trading below the subscription price. Based on this the Board of Directors has decided not to proceed with the "subsequent repair offering".
Limassol, 28 June 2012.
Questions should be directed to: Geir Karlsen, CFO +47 23 01 14 24 / +47 91 60 83 32
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.
The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein.
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.