PROS - Share capital increase related to the subsequent offering - completion of share capital increase

Luxembourg, 21 December 2012: Prospector Offshore Drilling S.A. (the "Company", "PROS") announced the completion of the share capital increase. Reference is made to the announcement on 13 December 2012 regarding the completion of the subsequent offering in which the Company received subscriptions with subscription rights for 2,202,958 shares at the purchase price of NOK 9.50 per share and 20 December 2012 regarding board approval of the share capital increase
 
Following approval by the board, the share capital increase of 2,202,958 shares, and the  notarial acknowledgment of the share capital increase have now been received. The share capital increase has been fully paid up, and the shares pursuant to the share capital increase have been validly and legally issued.
 
Following the share capital increase the Company's share capital is 94,497,958 shares, each with a nominal value of USD 0.01.
 

About PROS:

PROS is a high specification jack-up drilling contractor. PROS currently has contracts in place for the design, construction and delivery of four F&G JU2000E high  specification,  harsh  environment  (HS/HE)  jack-up  drilling  rigs.  The Company's first rig is scheduled for delivery commencing in the first quarter of 2013. PROS also has option agreements for the construction of six additional rigs of the same design. Upon deployment of its rigs, 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.

 

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_Share capital increase related to subsequent offering complete



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Source: Prospector Offshore Drilling via Thomson Reuters ONE

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