Prosafe Provides Update on Financial Restructuring

Source: www.gulfoilandgas.com 12/6/2021, Location: Europe

Reference is made to the earlier information provided about the ongoing financial process with the lenders, including the press release published on 10 November 2021.

The Norwegian register of business enterprises confirmed that reduction of the nominal value per share from EUR 0.1 to EUR 0.05 has been registered. The reduction is in accordance with the extraordinary general meeting in the Company held 27 September 2021.

Prosafe continues to anticipate that the financial restructuring will be effective before or around year end 2021.


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