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Prosafe SE: Management incentive scheme - exercise of synthetic options
On 2 June 2009, the Board of Directors of Prosafe SE resolved to grant management and key employees synthetic call options at a strike price of NOK 30.45 per share, corresponding to the average closing share price in the period from 15 May until 22 May 2009. The options are capped at 100 per cent share price return, adjusted for dividend payments.
Robin Laird, Managing Director of Prosafe Offshore Pte Ltd, has exercised 112,500 capped synthetic options at a closing price of 5 October 2012. Following this transaction Mr. Laird has 60,000 synthetic options. Mr. Laird also owns 58,000 shares in Prosafe SE.
Prosafe is the world's leading owner and operator of semi-submersible accommodation/service rigs. Operating profit reached USD 192.3 million in 2011. The company operates globally, employs 550 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, 8 October 2012
Georgina Georgiou, General Manager
Prosafe SE
For further information, please contact:
Sven Børre Larsen, Chief Financial Officer
Prosafe Management AS
Phone: +47 909 43 673
Cecilie Helland Ouff, Finance and IR Manager
Prosafe AS
Phone: +47 51 64 25 20
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
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