PROS - Expiry of subscription period of the subsequent offering - today at 16:30 hours (CET)

 

Luxembourg, 5 December 2012: Prospector Offshore Drilling S.A. (the "Company" or "PROS") announces the expiry of the subscription period of the subsequent offering. Reference is made to the announcement dated 21 November 2012 regarding publication of the prospectus dated 20 November 2012 (the "Prospectus") and the commencement of the subscription period for the subsequent offering. Allocation rights that are not exercised before the expiry of the subscription period will have no value and will lapse without compensation to the holder as further described in the Prospectus.
 
Holders of allocation rights must, in order to subscribe for the shares in the subsequent offering, submit a correctly completed subscription form by fax, mail or delivery to either Pareto Securities AS ("Pareto") or Skandinaviska Enskilda Banken Ab (publ) Oslo ("SEB") no later than 16:30 hours (CET) today.
 
Pareto and SEB are acting as managers in connection with the subsequent offering. Their addresses are set out below:
 
Pareto Securities AS
Dronning Mauds gate 3
P.O. Box 1411 Vika
N-0115 Oslo
Norway
Tel: +47 22 87 87 00
Fax: +47 22 87 87 10
 
Skandinaviska Enskilda banken Ab (publ) Oslo
Filipstad Brygge 1
N-0115 Oslo
Norway
Tel: +47 21 00 85 00
Fax: +47 21 00 89 06
 
 
Please refer to the Prospectus  and the Prospectus supplement dated 3 December 2012 for further information, available on the Company's website www.prospectoroffshoredrilling.com and at www.sebenskilda.no and www.paretosec.com and can be obtained free of charge from the managers (see addresses set out above).

About PROS:
PROS is a high specification jack-up drilling contractor. PROS has contracts for the construction of six F&G JU2000E high specification, harsh environment (HS/HE) jack-ups with deliveries commencing Q1 2013; the sale of shares of two of the rig owning subsidiaries is pending. Additionally, PROS has options for six rigs of the same design. Upon deployment, PROS will have the newest fleet of HS/HE jack-ups in the world, operating with the most advanced drilling systems under a proven management team.

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.

Contact:

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_Expiry of subscription period subsequent offering


This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

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(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Prospector Offshore Drilling via Thomson Reuters ONE
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