Prosafe SE: prelim results of exercise period for warrants

Prosafe SE: prelim results of exercise period for warrants

Prosafe SE has concluded the exercise period for its warrants, which ended on August 25, 2025, at 16:30 CEST. The exercise period allowed warrant holders to convert their warrants into shares at a subscription price of EUR 0.01 [1]. Prosafe SE has provided detailed instructions for exercising warrants, including online submission for Norwegian residents with a Norwegian personal identification number.

The subscription price upon exercise is EUR 0.01, with a NOK-based exchange mechanism that debits each exercising warrant holder a NOK amount of NOK 0.15 per share [1]. Further information about the warrants offering, including exercise procedures and terms, is available in the prospectus approved by the Norwegian Financial Supervisory Authority dated July 18, 2025 [1].

Prosafe SE's recent financial results and market outlook also provide context for the warrants exercise. The company reported EBITDA of USD 3.1 million for the second quarter and USD 7.7 million for the first half of 2025. The company's backlog increased by 60% compared to the second quarter last year, reflecting strong demand and strategic contract renewals [3]. The company expects 2025 EBITDA to be in the USD 35 to 40 million range, with a post-recapitalisation net debt of USD 220 million [3].

Prosafe SE's strategic focus includes capitalising on the improving market, particularly in Brazil, where long-term contracts provide stability. The company is also looking to optimise operations and manage legacy contracts to enhance future earnings potential [2].

For further information, please contact:
Terje Askvig, CEO, Phone: +47 952 03 886
Reese McNeel, CFO, Phone: +47 415 08 186

References:
[1] https://uk.finance.yahoo.com/news/prosafe-se-last-day-exercise-060000063.html
[2] https://finance.yahoo.com/news/prosafe-se-fra-1q6-q2-070131146.html
[3] https://www.globenewswire.com/news-release/2025/08/22/3137646/0/en/Prosafe-SE-Second-quarter-results-and-first-half-report-2025.html