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Songa Offshore ASA The final day to convert warrants issued by Songa Offshore ASA was Monday 9 June 2008. All warrants converted were so at USD 1.50 per share / warrant.
Spencer Energy AS, a company controlled by Chairman Arne Blystad, yesterday exercised all its 2,207,666 warrants in Songa Offshore ASA. After this Spencer holds 24,891,722 shares in the Company. Mr Blystad holds no other interests in the Company.
Assuming all remaining warrants (3,757,762) as of yesterday have been declared for conversion, the total number of shares in the Company is now 94,853,634. This implies that Mr Blystad's interests now stand at 26.22%. If on the other hand the potential issuance of shares from the Company's convertible debenture (9,347,016) is included, which would bring the Company's total shares to 104,200,560, then Mr Blystad's interests would stand at 23.89%.
Solan Capital AS, a company controlled by board member Gunnar Hvammen, yesterday exercised all its 200,000 warrants in Songa Offshore ASA. After this Solan holds 400,000 shares in the Company. Mr Hvammen holds no other interests in the Company.
Syneco AS, a company controlled by board member Jon Syvertsen, yesterday exercised all its 165,000 warrants in Songa Offshore ASA. After this Syneco holds 165,000 shares in the Company; in addition Adrian Finans AS, another company controlled by Mr Syvertsen holds 1,712 shares in the Company. Mr Syvertsen holds no other interests in the Company.
Tom E. Jebsen, CFO of Songa Offshore ASA, yesterday exercised all his 38,000 warrants in Songa Offshore ASA. After this Mr Jebsen holds 115,000 shares in the Company. In addition Mr Jebsen holds options to buy 300,000 shares in the Company.
