SBM Offshore: 97.7 % take-up of rights offering

SBM Offshore announces 97.7 % take-up of rights offering

SBM Offshore announces 97.7 % take-up of rights offering

SBM Offshore Announces 97.7 % take-up of rights offering

SBM Offshore announces that, in connection with its 1 for 10 rights offering of 18,914,221 new ordinary shares in its capital with a nominal value of EUR 0.25 each at an issue price of EUR 10.07  per Offer Share, it has received subscriptions for 18,473,204 Offer Shares through the valid exercise of transferable subscription rights. This represents a take-up of approximately 97.7% of the rights offering.

Remaining Offer Shares

The period during which Rights may be exercised ended at 15:00 hours CET on 17 April 2013. Today, HAL Investments B.V. will subscribe for 441,017 Offer Shares that were issuable upon the exercise of Rights, but that have not been subscribed for during the exercise period. HAL will furthermore subscribe and pay for any Offer Shares taken up but not paid for within three (3) trading days of 22 April 2013, if applicable.



Allotment of Offer Shares to be issued pursuant to the Offering is expected to take place today on 17 April 2013. Issuance of, payment for and delivery of the Offer Shares, including the 441,017 remaining Offer Shares that have been subscribed for by HAL, are expected to occur on 22 April 2013. SBM Offshore expects that the Offer Shares will be admitted for listing and trading, and that trading in the Offer Shares will start, on NYSE Euronext in Amsterdam at 09:00 hours CET on 22 April 2013, barring unforeseen circumstances.

ING and Morgan Stanley are acting as joint global coordinators for the Offering.

ABN AMRO is acting as subscription, listing and paying agent for the Offering.


Further information on the Offering

For further details of the Offering, reference is made to the prospectus in the English language dated 3 April 2013. 

Source: SBM Offshore


Posted by on April 18, 2013. Filed under All news, Business, Company News, Latest news, World. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.