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Prosafe SE: Operational update – September 2025
Globenewswire· 2025-10-16 05:00
Core Insights - Prosafe achieved 100% fleet utilization in September 2025 and 86% for Q3 2025, indicating strong operational performance [1] - The company has all units in operation, with high gangway uptime and contracts extending into 2027 and beyond, reflecting a positive outlook for future work [3] - Strong market demand is noted, particularly in Brazil and offshore Africa, with expectations to increase backlog in upcoming quarters [4] Fleet Performance - Safe Boreas is on standby since September 1, 2025, while all other Prosafe vessels are operational, contributing to increased earnings [1] - Safe Eurus, Safe Notos, and Safe Zephyrus achieved an average of 99% commercial uptime in September and for the quarter [1] - Safe Caledonia has maintained 100% commercial uptime at the Captain Field in the UK since June 2025, with options available for contract extension [2] Future Contracts and Market Outlook - All high-end units are contracted through 2027, with Safe Notos' contract with Petrobras extending to 2030 [3] - Prosafe anticipates that Safe Caledonia will remain in the field beyond December 1, 2025, with a positive outlook for additional work in 2026 and 2027 [3] - The company is focusing on operational efficiencies and cost reductions, including organizational right-sizing [4]
Prosafe SE (PRSEF) Presents at Pareto Securities 32nd Annual Energy Conference - Slideshow (OTCMKTS:PRSEF)
Seeking Alpha· 2025-09-12 23:19
Core Insights - The company is focused on the development of transcript-related projects, indicating a commitment to enhancing its offerings in this area [1] Group 1 - The company publishes thousands of quarterly earnings calls each quarter, showcasing its extensive coverage and growth in the transcript market [1] - There is an ongoing effort to expand coverage, suggesting a strategic initiative to capture more market share and improve service offerings [1]
Prosafe SE: Presenting at Pareto Securities' Energy Conference
Globenewswire· 2025-09-10 06:00
Group 1 - Prosafe's Interim CEO, Reese McNeel, will present at Pareto Securities' Energy Conference in Oslo [1] - The presentation is available on Prosafe's website [1] - Prosafe is a leading owner and operator of semi-submersible accommodation vessels [1] Group 2 - Prosafe is listed on the Oslo Stock Exchange with the ticker code PRS [1] - For further inquiries, contact Reese McNeel, CFO and interim CEO [1] - The information is subject to the disclosure requirements of the Norwegian Securities Trading Act [1]
Prosafe SE: Presenting at Pareto Securities’ Energy Conference
Globenewswire· 2025-09-10 06:00
Core Viewpoint - Prosafe's Interim CEO, Reese McNeel, is scheduled to present at the Pareto Securities' Energy Conference in Oslo, highlighting the company's position in the semi-submersible accommodation vessel market [1] Group 1: Company Information - Prosafe is a leading owner and operator of semi-submersible accommodation vessels [1] - The company is listed on the Oslo Stock Exchange with the ticker code PRS [1] - For more information, Prosafe's website is www.prosafe.com [1] Group 2: Event Details - The presentation by Reese McNeel is attached and has also been uploaded to Prosafe's website [1] - The event is part of the Pareto Securities' Energy Conference taking place in Oslo [1]
Prosafe SE: Resignation of CEO Terje Askvig and appointment of Reese McNeel as interim-CEO
Globenewswire· 2025-08-29 10:09
Group 1 - The CEO of Prosafe, Terje Askvig, will resign effective September 1, 2025, with Reese McNeel appointed as interim CEO and CFO [1][2] - Carey Lowe, the Chair of the Board, will serve as executive chairman during the transition period [1] - The Board has initiated a process to appoint a permanent CEO [1] Group 2 - Terje Askvig is credited with leading Prosafe through a challenging financial restructuring, leaving the company as a leading provider of floating accommodation vessels and Units for Maintenance and Safety (UMS) [2] - Prosafe is a prominent owner and operator of semi-submersible accommodation vessels and is listed on the Oslo Stock Exchange under the ticker code PRS [2]
Prosafe SE: Final results of the Exercise Period for Warrants issued in the Warrants Offering
Globenewswire· 2025-08-26 09:16
Core Points - The Exercise Period for the offering of up to 17,868,651 warrants by Prosafe SE commenced on 11 August 2025 and expired on 25 August 2025, with 13,033,597 warrants exercised at an exercise price of NOK 0.15 per share [1][2] Group 1: Exercise Details - The total number of warrants exercised was 13,033,597, which represents a significant portion of the total offering [2] - Exercising warrant holders can check the number of shares allocated to them starting from 12:00 (CEST) on 27 August 2025 [3] - Payment for the new shares allocated to exercising warrant holders is due on 1 September 2025, and sufficient funds must be available by 29 August 2025 [4] Group 2: Share Capital Increase - Subject to timely payment, the share capital increase related to the new shares is expected to be registered with the Norwegian Register of Business Enterprises around 8 September 2025 [5] - The new shares will be delivered to the VPS accounts of exercising warrant holders on or about 9 September 2025 [5] Group 3: Listing Information - The shares received upon the exercise of warrants will be listed on Euronext Oslo Børs under ISIN NO0010861990 and ticker code "PRS" once fully paid and registered [6]
Prosafe SE: Preliminary results of the Exercise Period for Warrants issued in the Warrants Offering
Globenewswire· 2025-08-25 15:06
Core Viewpoint - Prosafe SE has concluded the Exercise Period for its Warrants Offering, with preliminary results indicating valid exercise requests for 13,033,597 Warrants, leading to the issuance of the same number of new shares [2]. Group 1: Warrants Offering - The Exercise Period for the Warrants Offering commenced on 11 August 2025 and expired on 25 August 2025 [1][2]. - A total of 17,868,651 Warrants were offered, and the preliminary results show that 13,033,597 Warrants were exercised [2]. Group 2: Company Information - Prosafe is a leading owner and operator of semi-submersible accommodation vessels and is listed on the Oslo Stock Exchange under the ticker code PRS [4].
Prosafe SE: Last day of the Exercise Period for the Warrants Offering
Globenewswire· 2025-08-25 06:00
Core Points - Prosafe SE has commenced the exercise period for an offering of up to 17,868,651 warrants, which will end on 25 August 2025 at 16:30 (CEST) [1][2] - The subscription price for exercising the warrants is set at EUR 0.01, with a NOK-based exchange mechanism established for contributions [3] - The prospectus approved by the Norwegian Financial Supervisory Authority provides detailed information about the warrants offering, including exercise procedures [4] Company Information - Prosafe is a leading owner and operator of semi-submersible accommodation vessels and is listed on the Oslo Stock Exchange under the ticker code PRS [6] - The company has appointed Advokatfirmaet Schjødt AS as its legal advisor and DNB Issuer Services as the receiving and settlement agent for the warrants offering [5]
Prosafe SE: Mandatory notification of trade
Globenewswire· 2025-08-22 10:25
Group 1 - The Company announced the commencement of a subscription period for an offering of up to 17,868,651 warrants, with specific provisions for board members and management regarding subscription due to securities law restrictions [1] - The Company released its half-year report on the same day, indicating that Persons Discharging Managerial Responsibilities (PDMRs) were in a closed period during the entire Subscription Period due to market abuse regulations [2] - PDMRs of the Company have subscribed and exercised warrants, with additional details provided in attached forms [2][4] Group 2 - Prosafe is recognized as a leading owner and operator of semi-submersible accommodation vessels and is listed on the Oslo Stock Exchange under the ticker code PRS [3] - The Company is subject to disclosure requirements under the Norwegian Securities Trading Act [3]
Prosafe SE: Operational update – July 2025
Globenewswire· 2025-08-22 06:12
Core Insights - Fleet utilization for July 2025 was reported at 79% [1] - Safe Eurus, Safe Notos, and Safe Zephyrus achieved 99% commercial uptime in Brazil during July [1] - Safe Caledonia delivered 100% commercial uptime at the Captain Field in the UK [1] - Safe Boreas is currently in Singapore preparing for an upcoming contract in Australia [1] Company Overview - Prosafe is a leading owner and operator of semi-submersible accommodation vessels [2] - The company is listed on the Oslo Stock Exchange under the ticker code PRS [2] - For further inquiries, contact CEO Terje Askvig or CFO Reese McNeel [2]