Share Capital Increase

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PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS STOCK EXCHANGE NOTICE.
 
Oslo, 23 June 2017.
 
Reference is made to the stock exchange announcement by Siem Offshore Inc. (the "Company") on 14 June 2017 regarding the result of the NOK 190 million rights issue (the "Rights Issue").
 
The share capital increase pertaining to the 100,000,000 new shares issued in the Rights Issue has now been registered in the VPS.
The 100,000,000 new shares were issued in the VPS and delivered to the subscribers VPS accounts yesterday. Trading in the new shares on the Oslo Stock Exchange will commence today.
 
The Company's new registered share capital is USD 9,420,213.80, corresponding to a total of 942,021,380 shares with a nominal value of USD 0.01 per share. The Company's shares, including the new shares, are validly and legally issued, fully paid up and properly registered with the relevant register.
For further queries, please contact:
 
CFO, Dagfinn B. Lie, Tel.: +47 90 19 90 51
 
 
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
 
Important Information:
 
The release is not for publication or distribution, in whole or in part directly or indirectly, in or into Australia, Canada, Japan or the United States (including its territories and possessions, any state of the United States and the District of Columbia).
 
This release is an announcement issued pursuant to legal information obligations, and is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. It is issued for information purposes only, and does not constitute or form part of any offer or solicitation to purchase or subscribe for securities, in the United States or in any other jurisdiction.
 
The securities mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "Securities Act"). The securities may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act. The company does not intend to register any portion of the offering of the securities in the United States or to conduct a public  offering of the securities in the United States. Copies of this announcement are not being made and may not be distributed or sent into Australia, Canada, Japan or the United States. The subscription or purchase of shares in the company is subject to specific legal or regulatory restrictions in certain jurisdictions. Neither the company nor the managers assumes any responsibility in the event there is a violation by any person of such restrictions.
 
The distribution of this release may in certain jurisdictions be restricted by law. Persons into whose possession this release comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. The managers are acting for the company and no one else in connection with the rights issue and will not be responsible to anyone other than the company for providing the protections afforded to their respective clients or for providing advice in relation to any other matter referred to in this release.
 
Forward-looking statements:
 
This release and any materials distributed in connection with this release may contain certain forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they reflect the company's current expectations and assumptions as to future events and circumstances that may not prove accurate. A number of material factors could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.

Published 23-06-2017 in the Investor category
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