The public offer period for the initial public offering of shares (the "Offering") in STX Europe AS' subsidiary, STX OSV Holdings Limited ("STX OSV"), commences in Singapore at 8.00 a.m. (Singapore time) tomorrow.
The prospectus issued by STX OSV in connection with the Offering may be accessed via Monetary Authority of Singapore (www.mas.gov.sg, "MAS") - Offers and Prospectuses - Electronic Repository and Access (OPERA) website.
In connection with the Offering, STX OSV will issue and make an offer of 180,000,000 shares and STX Europe AS will, through its wholly-owned subsidiary STX Europe Holding AS, sell and make an offer of 145,646,000 existing shares in STX OSV. The public offer in Singapore closes on 10 November 2010. The Offering Price is S$0.79 per Offering Share, and listing of the shares on the Main Board of the Singapore Exchange Securities Trading Limited is expected to take place on 12 November 2010.
Immediately after completion of the Offering and assuming the over-allotment option is exercised, STX Europe AS will, through STX Europe Holding AS, hold 68.3% of the shares in STX OSV.
Goldman Sachs is Sole Global Coordinator, Bookrunner and Issue Manager, Goldman Sachs and Nordea Bank are Joint Lead Managers and Underwriters, RBS is Co-Lead Manager and Underwriter, and DBS Bank is Singapore Public Offer Coordinator and Subunderwriter.
Oslo, November 4, 2010
STX Europe AS
Senior Vice President - Finance / Head of IR
Mobile: +47 91 68 96 61
This announcement is not an offer to sell or a solicitation of any offer to buy the securities of STX OSV in the United States, and the securities may not be offered or sold in the United States absent registration or an exemption from such registration requirement. Any public offering of the securities in the United States will be made by means of a prospectus that would be obtained from STX OSV and that would contain detailed information regarding STX OSV and management, as well as financial statements. STX OSV does not intend to register any portion of the offering in the United States or to conduct a public offering of securities in the United States.
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)