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Investegate announcements from Prosafe SE, Prosafe SE and subsidiary company Prosafe Rigs Pte. Ltd. - Update on Westcon settlement
Reference is made to the earlier information provided about the ongoing financial process with the lenders, the latest in a press release dated 13 October...
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient: 1. Obtains access to the information in a personal capacity; 2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services; 3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional bod...
Prosafe SE: First quarter 2021 results (Figures in brackets refer to the corresponding period of 2020) Reported EBITDA for the first quarter was negative by USD 10.1 million (a positive of USD 1.1 million), reflecting lower utilization and lower average day rates. Liquidity reserve at end Q1 was USD 141.7 million. The Company lost the Westcon court case unexpectedly and the judgement implies full payment to Westcon in the sum of NOK 465 million. Prosafe is considering an appeal to the Supreme Court. Prosafe continues to make good progress with its lenders and is close to reaching an agreem...
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient: 1. Obtains access to the information in a personal capacity; 2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services; 3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional bod...