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Prosafe SE: Cancellation of treasury shares

PRS
Prosafe SE: Cancellation of treasury shares

Reference is made to the Annual General Meeting (AGM) on 14 May 2013. The AGM approved the reduction of the issued share capital from Euro 60,734,197.50 divided into 242,936,790 ordinary shares of Euro 0.25 each, to Euro 58,993,264.75 divided into 235,973,059 ordinary shares of Euro 0.25 each by the cancellation of 6,963,731 ordinary shares held by the Company as treasury shares.

Prosafe hereby confirms that 6,963,731 treasury shares have been cancelled in the Verdipapirsentralen ASA (VPS).

Shares issued in VPS prior to the AGM: 242,936,790.

The current number of shares issued in the VPS: 235,973,059.

Prosafe is the world's leading owner and operator of semi-submersible accommodation vessels. Operating profit reached USD 222.4 million in 2012 and net profit was USD 177.5 million. The Company operates globally, employs 570 people and is headquartered in Larnaca, Cyprus. Prosafe is listed on the Oslo Stock Exchange with ticker code PRS. For more information, please refer to www.prosafe.com .

Larnaca, 18 June 2013
Georgina Georgiou, General Manager
Prosafe SE

For further information, please contact:

Cecilie Helland Ouff, Senior Manager Finance and IR
Prosafe AS
Phone: +47 51 64 25 20


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




This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Prosafe SE via Thomson Reuters ONE

HUG#1710155


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