Successful completion of private placement
(Thomson Reuters ONE) -
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR
INDIRECTLY, IN AUSTRALIA, CANADA, HONG KONG, JAPAN OR THE UNITED STATES
Reference is made to the stock exchange notice of 24 March 2010 regarding a
private placement of USD 50 million in Songa Offshore SE ("Songa Offshore" or
the "Company") and the Company's investment in Deepwater Driller Ltd.
Songa is pleased to announce the successful completion of the private placement
of 10,365,000 shares directed towards professional Norwegian and international
investors after the close of the Oslo Stock Exchange on 24 March 2010. The
substantially oversubscribed placement was made at a price of NOK 29 per share,
and the capital increase represents approximately 6.6% of the outstanding shares
in the Company. Gross proceeds from the private placement amount to NOK
300,585,000.
The share capital increase was resolved by the Board of Directors within the
authorised share capital of the Company. The share capital is increased by EUR
1,140,150 by the issue of 10,365,000 new shares. Following the completion of the
private placement Songa Offshore's share capital is EUR 18,448,379.84, divided
into 167,712,544 shares with a nominal value of EUR 0.11 per share.
The subscribers in the private placement will be delivered existing and
unencumbered shares in the Company that are already listed on the Oslo Stock
Exchange, pursuant to share lending agreement entered into between Pareto
Securities AS, Songa Offshore and Spencer Energy AS in respect of up to
10,365,000 shares. The shares delivered to the subscribers will thus be tradable
from the date they are allocated.
The issue was managed by Pareto Securities AS as Sole Manager and Bookrunner.
For further information, please contact:
Tom E. Jebsen, CFO (+47 23011431)
Asbjørn Vavik, CEO (+357 2520 7754 / +357 9972 7711)
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR
INDIRECTLY, IN AUSTRALIA, CANADA, HONG KONG, JAPAN OR THE UNITED STATES:
The shares to be offered have not been and will not be registered under the U.S.
Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state
securities laws, and will be offered within the United States only to qualified
institutional buyers ("QIB"), as defined in Rule 144A under the U.S. Securities
Act ("Rule 144A"), and to certain non-U.S. persons in offshore transactions in
reliance on Regulation S under the U.S. Securities Act. Any US investor will be
requested to sign and return an investor representation letter certifying that
it is a QIB. The shares to be offered will be subject to certain restrictions on
transfer. This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of the securities in
any country in which such offer, solicitation or sale would be unlawful.
This information is subject of the disclosure requirements according to §5-12
vphl (Norwegian Securities Trading Act).
[HUG#1397481]
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Datum: 25.03.2010 - 03:15 Uhr
Sprache: Deutsch
News-ID 1011923
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