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Prosafe SE: Commencement of subscription period for the Warrants Offering
GlobeNewswire News Room·2025-07-23 05:30

Core Viewpoint - Prosafe SE is offering up to 17,868,651 warrants to eligible shareholders, with a subscription period from July 23, 2025, to August 6, 2025, unless extended [1][2]. Group 1: Warrants Offering Details - The subscription period for the warrants offering starts on July 23, 2025, at 09:00 CEST and ends on August 6, 2025, at 16:30 CEST [2]. - Eligible shareholders as of May 16, 2025, will have preferential rights to subscribe for the warrants in proportion to their shareholding [3]. - No payment is required for the warrants, and they are non-transferable [4]. Group 2: Subscription and Exercise Procedures - Subscriptions must be made via a completed subscription form during the subscription period, with online options available for Norwegian residents [5]. - Allocation of warrants will be determined by the company's board based on the number of warrants subscribed for by each shareholder [6]. - The exercise period for the warrants is from August 11, 2025, to August 25, 2025, with one warrant allowing the holder to request one ordinary share [7]. Group 3: Pricing and Legal Aspects - The subscription price upon exercise of the warrants is EUR 0.01 per new share, with an expected NOK amount of NOK 0.15 per share for the contribution [9]. - Advokatfirmaet Schjødt AS is the legal advisor for the warrants offering, while DNB Issuer Services acts as the receiving and settlement agent [10].