Today: June 20, 2018, 9:34 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
Colorado Springs Movers Celebrates 21 Years Serving [..]
Moving Day Inc. is a Colorado Springs based moving company that is celebrating 21 years of serving clients by providing [..]
Apple Pay Coming to JCB's Customers in [..]
TOKYO, June 19, 2018 - (ACN Newswire) - JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd, [..]
Commercial Direct Launches New Investment Property Loans [..]
MIAMI – (June XX, 2018) – Commercial Direct, a new division of Silver Hill Funding, a commercial mortgage lender, today [..]
4 PILLARS CONSULTING OFFERS SUPPORT AND GUIDANCE [..]
Dartmouth, Nova Scotia- May 9, 2018- Paying debt down and being free from the burden of hefty monthly payments is [..]
Dominica Powers up After the Hurricane
Press Release – June 2018 Dominica Powers up After the Hurricane Jacoway Inn, on the small Caribbean island of Dominica, [..]

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.