Today: September 26, 2018, 8:53 am
  
Business

Songa Offshore SE : New shares issued

PR-Inside.com: 2017-12-22 17:47:02

Reference is made to the press releases as of 25 November 2016 and 14 June 2017 regarding incentive programs established for employees of Songa Offshore.
 
In order to fulfil its obligations thereunder, Songa Offshore SE has today issued 346,607 new shares at par value for delivery under the Long Term Incentive Program (LTIP). Following such issuance and before distribution to the employees, the LTIP holds 348,053 shares, which is equal to the number of shares due for the initially scheduled 1 July 2018 vesting. Due to the contemplated transaction with Transocean, an accelerated vesting will take place, due to applicable change of control clause in the LTIP plan and in order for the relevant shares to be tendered in the Offer Period.
 
Following the share issue, the number of ordinary shares in the Company has increased to 138,484,769.
 
22 December 2017
Limassol, Cyprus


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: Songa Offshore SE via Globenewswire




# 256 Words
Related Articles
More From The Author
Intervest Offices & Warehouses purchases a logistics [..]
As a result, the share of logistics real estate in the portfolio increases to 54%.  The transaction includes a capital [..]
Banca IFIS S.p.A. : new retail and [..]
Mestre (Venice), 22 December 2017 - It's a warm December for the 'Made in Italy' non-performing loans sector, with [..]
Eloxx Pharmaceuticals Completes Acquisition Transaction with [..]
Company to focus on advancing the clinical development of ELX-02, a disease-modifying therapy for genetic diseases caused by [..]
BIMobject AB: BIMobject donates 100,000 SEK to [..]
BIMobject makes a Christmas donation of 100,000 SEK to help start a new high school in Malmö, Sweden focussed on [..]
KDS Awarded Silver Accreditation by “Investors in [..]
KDS ( kds.com : The only internationally recognized Human Resource management standard, "Investors in People" is a quality certification for [..]
 
More From Business
Cross Talks Selected for the Penn State [..]
The Penn State Brandywine Boost, a program of the Invent Penn State initiative, has selected Delaware State Chamber Member, Soraya [..]
Hurricane Damages Creating Extraordinary Demand for Heavy [..]
The effects of Hurricane Florence have been wide and far reaching, with 37 deaths and billions of dollars in damages [..]
Over 2,900 Took Part in 'In Style [..]
HONG KONG, Sept 21, 2018 - (ACN Newswire) - Major events under the "In Style, Hong Kong" mega promotion in [..]
RetailEX ASEAN 2018 Returns Bigger and Better
Brand-new zones, content rich conferences and cutting-edge retail technology innovation and solutions featured during the three-day [..]
Singapore's Senior Minister of State for Trade [..]
SINGAPORE, Sept 21, 2018 - (ACN Newswire) - Asian Downstream Summit is the anchor oil and gas event during Singapore [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.