PRS Prosafe

Prosafe SE and subsidiary company Prosafe Rigs Pte. Ltd. – Update on Financial Restructuring

Prosafe SE and subsidiary company Prosafe Rigs Pte. Ltd. – Update on Financial Restructuring

Reference is made to the earlier information provided about the ongoing financial process with the lenders, the latest in a press release dated 28 September 2021 in relation to the outcome of Scheme Meetings.



Please take notice that Prosafe SE and Prosafe Rigs Pte Ltd ("PRPL") have today filed separate applications (in HC/ OS 997/ 2021 and HC/ OS 998/ 2021) for the Singapore Court to approve the Schemes agreed at the Scheme Meetings of the Scheme Creditors held on 28 September 2021, pursuant to section 210 of the Singapore Companies Act (the "Sanction Applications").



Creditors who wish to receive a copy of the papers filed in the Sanction Applications should contact Prosafe SE's and PRPL's Singapore solicitors at



Prosafe SE and PRPL will make the appropriate announcements as and when there are any further material developments on the financial process and the matters above. Please monitor Prosafe SE's website for any announcements or update on the process.



Prosafe is a leading owner and operator of semi-submersible accommodation vessels. The company is listed on the Oslo Stock Exchange with ticker code PRS. For more information, please refer to 



Stavanger, 5 October 2021

Prosafe SE



For further information, please contact:



Jesper K. Andresen, CEO

Phone: /  155



Stig Harry Christiansen, Deputy CEO and CFO

Phone: /  813



This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act



EN
05/10/2021

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