Reference is made to the press releases as of 25 November 2016 and 14 June 2017 regarding incentive programs established for employees of Songa Offshore.
In order to fulfil its obligations thereunder, Songa Offshore SE has today issued 222,000 new shares at par value for delivery under the Long Term Incentive Program. Following such issuance and before distribution to the employees, the Long Term Incentive Program holds 319,348 shares, which is equal to the number of shares to be delivered for the 1 July 2017 vesting.
Following the share issue, the number of ordinary shares in the Company has increased to 129,797,688.
29 June 2017
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.