22 August 2025 - Reference is made to the stock exchange announcement made by Prosafe SE ("Prosafe" or the "Company") on 23 July 2025 regarding commencement of the subscription period (the "Subscription Period") for an offering of up to 17,868,651 warrants (the "Warrants") (the "Warrants Offering"). In the announcement, the Company stated that to the extent members of the Company's board of directors or management or closely related parties of such are prohibited from subscribing Warrants in the Subscription Period due to securities law restrictions, these shall have the right to subscribe for Warrants during a period which expires two weeks after such restrictions lapse, as set out in the resolution to issue the Warrants at the Company's extraordinary general meeting held on 16 May 2025 (the "EGM"). Exercises can in any case not take place after 31 December 2025.
Related Questions
How will the issuance of up to 17,868,651 warrants dilute existing shareholders and affect Prosafe's earnings per share?
What is the expected subscription demand for the warrants from nonārestricted parties, and how might that influence the share price during the subscription period?
When the lockāup period for boardārelated parties ends, what potential upside or selling pressure could arise from their warrant subscriptions before the 31āÆDecemberāÆ2025 expiry?