On 22nd August Prosafe, confirmed that the competition process in Norway was in its second and final phase with a conclusion expected before the end of September, whereas in the UK the competition process was still in the first phase.

As regards the Norwegian process, there is no news as of yet.

With regards to the UK process, the company has been informed by the UK authorities that the merger cannot be cleared unconditionally in phase one. Prosafe and Floatel are currently considering acceptable remedy for phase one or whether to enter phase two.

Further information on status and way forward in both Norway and UK will be provided in due course.

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 www.prosafe.comStavanger, 5 September 2019
Prosafe SE

For further information, please contact:

Glen Ole Rødland, Chairman of Prosafe: + 47 907 41 662
Jesper Kragh Andresen, CEO of Prosafe: +47 907 65 155

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

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Prosafe SE published this content on 05 September 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 September 2019 07:21:02 UTC