HOUSTON, July 16, 2015 /PRNewswire/ -- Reference is made to previous announcements regarding the recommended cash acquisition of Northern Offshore, Ltd. (the "Company") by Shandong Offshore Company Limited, a wholly owned subsidiary of Shandong Offshore International Company Limited, by way of an amalgamation under Bermuda law (the "Amalgamation"), and the notice of a Special General Meeting of the shareholders of the Company as announced on June 29, 2015.
The Company advises that a Special General Meeting of the shareholders of the Company was held at the offices of Northern Offshore Drilling Services U.S. Inc., Energy Center II, 575 N. Dairy Ashford, Suite 200, Houston, Texas, 77079, USA on Wednesday, July 15, 2015 at 9:00 a.m. CDT.
In line with the proposal from the Company's board of directors, the following resolutions were passed without dissention:
- THAT the Amalgamation Agreement to be entered into among the Company, Shandong Offshore Company Limited and Shandong Offshore International Company Limited in the form produced to the meeting and initialled by the chairman for the purpose of identification be and is hereby approved subject to any modifications, additions or conditions (in each case, not being material or, if material, not having any adverse effect on the interests of the Company's shareholders) which may be agreed by the directors of the Company.
- THAT the application for delisting of the shares of the Company from Oslo Børs be and is hereby approved.
For further information regarding the Amalgamation and closing of the transaction, reference is made to the announcement on June 29, 2015.
July 15, 2015
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
For further information, please contact:
Paul Ravesies at (713) 739-7686,
or via email at firstname.lastname@example.org
This announcement contains statements that reflect the Company's expectations or predictions of the future. These statements are forward-looking statements. These forward-looking statements may include statements regarding earnings guidance, capital allocation strategy, the impact of activity levels, business performance, and other market and industry conditions. The Company's actual results could differ materially from those reflected in such forward-looking statements. Additional information concerning factors that could cause actual results to differ materially from those in the forward-looking statements is contained from time to time in the Company's regulatory filings. The Company disclaims any intention or obligation to revise any forward-looking statements, including financial estimates, whether as a result of new information, future events or otherwise.
SOURCE Northern Offshore, Ltd.