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Reported EBITDA for the fourth quarter was negative by USD 6.4 million (a positive of USD 29 million, reflecting low activity and ongoing efforts to reposition the company. Cash flow from operations...
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Reference is made to press release dated 25 November 2019 in which Prosafe informed that the process with the Competition and Markets Authority (CMA) in the UK was in Phase 2 and that more specific...
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Prosafe SE will release its fourth quarter 2019 results on 6 February 2020 at approx. 07:00 a.m. CET. Jesper Kragh Andresen, CEO and Stig H. Christiansen, Deputy CEO & CFO will the same day at...
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The fleet utilisation rate in the fourth quarter of 2019 was 23 per cent (Q4 2018: 63 per cent). The fleet utilisation for the year was 50.9 per cent (2018: 47.3 per cent). Safe Caledonia is idle and...
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On 5 November 2019, Prosafe informed that it had re-evaluated its outlook and revised its forecasts resulting in a USD 341 million write down of assets and consequently a marginalized book equity. ...
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Prosafe SE and Floatel International Ltd have agreed to extend the long stop date in the share purchase agreement from 31 December 2019 until 30 June 2020. Competition clearance continues in Norway...
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Reference is made to press release dated 28 October 2019, in which Prosafe informed that the Norwegian Competition Authority had issued a Statement of rejection regarding the proposed merger between...
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Ryan Stewart, Chief Commercial Officer, has on 12 November 2019 purchased 45,000 shares in Prosafe SE at an average price of NOK 4.2565 per share. Following the transaction, Ryan Stewart owns 45,260...
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Prosafe reported EBITDA for the third quarter of USD 26.3 million (USD 31.3 million). Cashflow from operations was USD 39.1 million (USD 26.6 million). Due to a prolonged downturn and weaker...
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The Norwegian Competition Authority (“NCA”) has today issued a Statement of rejection to Floatel and Prosafe regarding the proposed merger. Prosafe will study the decision in detail, and...