On 7 June 2006 Prosafe ASA announced a voluntary exchange offer for all shares in
Consafe Offshore AB (publ.) not already owned, with settlement in new shares in Prosafe ASA.
According to the exchange ratio offered, accepting shareholders in Consafe Offshore will receive
0.354 shares in Prosafe for each share in Consafe Offshore. The offer expired on 19 June 2006.
Consafe Offshore AB (publ.) not already owned, with settlement in new shares in Prosafe ASA.
According to the exchange ratio offered, accepting shareholders in Consafe Offshore will receive
0.354 shares in Prosafe for each share in Consafe Offshore. The offer expired on 19 June 2006.
On 21 June 2006, Prosafe announced that Prosafe had received acceptance for 14,226,006 shares.
Together with the 13,435,450 shares acquired from J. Christer Ericsson and affiliated companies,
Prosafe controls 99.55 percent of the outstanding Consafe shares.
Together with the 13,435,450 shares acquired from J. Christer Ericsson and affiliated companies,
Prosafe controls 99.55 percent of the outstanding Consafe shares.
Accordingly, Prosafe is now in a position to carry out a compulsory acquisition of the remaining
shares in Consafe Offshore.
shares in Consafe Offshore.
However, due to the high level of acceptance under the voluntary offer, Prosafe has decided to
continue to receive and honor acceptances also after the expiry of the acceptance period.
continue to receive and honor acceptances also after the expiry of the acceptance period.
Prosafe is the world`s leading owner and operator of semi-submersible accomodation/service
rigs and a major owner and operator of floating production and storage vessels outside the
North Sea. Operating profit reached USD 103.6 million in 2005. The company operates globally
and employs approx. 700 people, and is headquartered in Stavanger, Norway. Prosafe is listed
on the Oslo Stock Exchange with ticker code PRS. For more information, please refer to
www.prosafe.com.
rigs and a major owner and operator of floating production and storage vessels outside the
North Sea. Operating profit reached USD 103.6 million in 2005. The company operates globally
and employs approx. 700 people, and is headquartered in Stavanger, Norway. Prosafe is listed
on the Oslo Stock Exchange with ticker code PRS. For more information, please refer to
www.prosafe.com.
For further information regarding the voluntary offer please contact:
Pareto Securities ASA
Telephone: +47 22 87 87 00
Telefax: +47 22 83 43 09
Tananger, 27 June 2006
For further information please contact:
Bjørn Henriksen +47 902 52 480
Exec. Vice President & CFO
Exec. Vice President & CFO