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. Further, the options are capped at 100 per cent
share price return, adjusted for dividend payments.
Karl Ronny Klungtvedt, CEO Prosafe Management AS, has exercised 112,500 capped
synthetic options at closing price of 14 September 2012 and following this
transaction Mr. Klungtvedt has 80,000 synthetic options. Mr. Klungtvedt owns
directly and indirectly 51,930 shares in Prosafe SE.
Martin Kolnes, Director of Corporate Accounting and Tax Prosafe Management AS,
has exercised 90,000 capped synthetic options at closing price of 14 September
2012 and following this transaction Mr. Kolnes has 50,000 synthetic options. Mr.
Kolnes owns directly and indirectly 35,615 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, 17 September 2012
Georgina Georgiou, General Manager
For further information, please contact:
Cecilie Helland Ouff, Finance and IR Manager
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.