Source - GNW

Reference is made to announcement by Prosafe SE ("Prosafe" or the Company") on 15 September 2016, regarding inter alia the issuance of a new convertible bond loan in the aggregate nominal amount of NOK 81,790,013 against redemption of bonds.

Based on conversion notices received, convertible bonds of nominal value NOK 3,000,000 have today been converted into 12,000,000 class A shares in the Company, based on the conversion price of NOK 0.25 per share. Following the conversion, the remaining outstanding principal of the convertible bond loan is reduced to NOK 78,790,013. The number of outstanding shares in the Company has increased to 6,049,010,116 shares, consisting of 259,570,359 ordinary shares and 5,789,439,757 class A shares.

Prosafe is the world's 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 

Larnaca, 23 September 2016
Georgina Georgiou, General Manager
Prosafe SE

For further information, please contact:

Stig Harry Christiansen, Acting CEO
Prosafe Management AS
Phone: +47 47 80 78 13

Robin Laird, Acting CFO
Prosafe Offshore Services Pte Limited
Phone: +65 81 27 21 01

Cecilie Helland Ouff, Senior Manager Finance and Investor Relations
Prosafe AS
Phone: +47 99 10 94 67

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 on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Prosafe SE via Globenewswire