PROS - Issuance of new shares
Luxembourg, 1 October 2012: Prospector Offshore Drilling S.A. (the "Company" or "PROS") -Reference is made to the stock exchange notice of 18 September 2012 regarding the successful completion of a private placement of 36,000,000 new shares (the "New Shares") in the Company.
The Company's New Shares have now been issued. As a result of issuance of the New Shares, the Company's share capital has been increased to USD 922,950-divided into 92,295,000 issued shares, each with a nominal value of USD 0.01.
The listing and trading of the New Shares on Oslo Axess is pending approval of a listing prospectus by the Luxembourg authorities. The New Shares will be registered in Verdipapirsentralen ("VPS") on a separate ISIN, pending such approval. Until such prospectus is approved and published, the New Shares will be registered on the Norwegian OTC list starting on 2 October 2012 under the ticker code PROSO.
About the PROS:
PROS is a high specification jack-up drilling contractor. PROS currently has contracts in place for the design, construction and delivery of six F&G JU2000E high specification, harsh environment (HS/HE) jack-up drilling rigs with deliveries commencing in the first quarter of 2013. PROS has option agreements for six additional rigs of the same design. Upon deployment, PROS, under its proven management team, will have the newest fleet of HS/HE jack-up rigs in the world, operating with the most advanced drilling systems available in the industry.
This press release contains forward-looking statements that involve risks and uncertainties. You are cautioned not to put undue reliance on forward-looking statements because actual events and results may differ materially from the expected results described by such forward-looking statements. Prospector Offshore Drilling S.A. disclaims any obligation to update and revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Steven A. Manz
Chief Financial Officer
Prospector Offshore Drilling S.A.
Tel: +1 281 560 8010
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. PROS_Issuance of new shares
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Source: Prospector Offshore Drilling via Thomson Reuters ONEHUG#1645462