Reference is made to the announcement by Prosafe SE on 13 December concerning execution of definitive agreements to acquire all of the outstanding shares in the two single purpose companies Axis Nova Singapore Pte. Ltd. ("Axis Nova") and Axis Vega (Singapore) Pte. Ltd. ("Axis Vega"), and 25% of the shares in Dan Swift (Singapore) Pte. Ltd., the company said in its press release.
The acquisition of Axis Nova and Axis Vega was completed on 16 December 2016. Today Prosafe reports the completion also of the acquisition of the Dan Swift Shares. As part of this, Prosafe has ssued to Axis Offshore Pte. Ltd. as in-kind consideration subordinated zero coupon convertible bonds in the total amount of NOK 82,737,000, convertible into 2,757,900 shares at a conversion price of NOK 30 per share. The bonds have been issued by the Prosafe board based on the approval of and authorisation granted by Prosafe's extraordinary general meeting on 30 November 2016.
Prosafe is a leading owner and operator of semi-submersible accommodation vessels. Prosafe operates globally and is headquartered in Larnaca, Cyprus. Prosafe is listed on the Oslo Stock Exchange with ticker code PRS.