The following information is based on a press release from Subsea 7 S.A. (Subsea 7) published on May 25, 2012 and may be subject to change.
The board of Subsea 7 has proposed that the Annual General Meeting (AGM), scheduled for June 22, 2012, resolves on a distribution of shares in Veripos Inc. (Veripos), whereby every ten (10) shares in Subsea 7 entitles their holder to one (1) share in Veripos. The scheduled Ex-date is June 26, 2012. Provided that the AGM approves the proposed spin-off in Subsea 7, and other regulatory conditions are fulfilled, NASDAQ OMX Derivatives Markets will carry out a re-calculation of options, forwards and futures in Subsea 7 (SUBCN).
For further information, please see the attached file.
