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Wednesday, 29 November 2017

Prosafe SE: Part conversion of convertible bonds, new shares issued

Prosafe SE    

Published: 15:59 CET 29-11-2017 /GlobeNewswire /Source: Prosafe SE / : PRS /ISIN: CY0100470919

Prosafe SE: Part conversion of convertible bonds, new shares issued

Reference is made to the convertible bonds issued by Prosafe SE ("Prosafe" or "the Company") on 16 December 2016, with ISIN NO0010780992 and ISIN NO0010781008 ("Convertible Bonds").


Notices for part conversion have been received on the basis of which Convertible Bonds of nominal value NOK 136,137,000 have been converted into 4,537,900 new ordinary shares in the Company today, based on the conversion price of NOK 30 per share. Following the conversion, the remaining outstanding principals of the Convertible Bonds with ISIN NO0010780992 and ISIN NO0010781008 are reduced to NOK 101,955,000 and NOK 165,000,000, respectively. The number of outstanding shares in the Company has increased to 75,944,909 shares, each of nominal value EUR 0.1.


Prosafe is a leading owner and operator of semi-submersible accommodation vessels. The Company is headquartered in Larnaca, Cyprus and listed on the Oslo Stock Exchange with ticker code PRS. For more information, please refer to www.prosafe.com


Larnaca, 29 November 2017

Georgina Georgiou, General Manager

Prosafe SE


For further information, please contact:


Stig Harry Christiansen, Deputy CEO and CFO

Prosafe Management AS

Phone: +47 47 80 78 13


Cecilie Helland Ouff, Senior Manager Finance and Investor Relations

Prosafe AS

Phone: +47 51 64 25 20


This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of Nasdaq Corporate Solutions clients. Source: Prosafe SE, Stadiou Street 126, Larnaca Cy-6020, Cyprus
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