Prosafe converts NOK 15 million bonds to new ordinary shares

By Taylor Fox

New York, Sept. 14 – Prosafe SE converted NOK 15 million convertible bonds (ISIN: 0010771025) to 600,000 new ordinary shares in the company, based on the conversion price of NOK 25 per share, according to a news release.

Following the conversion, the remaining outstanding principal of the bonds is NOK 35,706,341.

The number of outstanding shares in the company has increased to 82,464,212 shares, each of nominal value €0.1.

Prosafe is a Stavanger, Norway-based owner and operator of semi-submersible accommodation and service rigs for the oil and gas industry.

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