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Proposed listing of NOR Offshore Ltd. in Singapore
Nor Offshore Ltd. (NOR), a Singapore incorporated company which is 50% owned by Solstad Offshore ASA (SOFF), submitted a listing application on 18 February 2010 to the Singapore Exchange Securities Trading Limited (SGX-ST) and on 21 May 2010 received the conditional eligibility-to-list letter (“ETL Letter”) from SGX-ST for the listing of NOR on the Mainboard of the SGX-ST. The ETL Letter is not an indication of the merits of the IPO, NOR, its subsidiaries, its shares and the new shares to be issued pursuant to the IPO.
Updated:07.06.2010
Under the securities laws of Singapore, following the receipt of an eligibility-to-list letter from the SGX-ST, NOR is required to lodge a preliminary prospectus with the Monetary Authority of Singapore (MAS). The Singapore public offer will commence only after the registration of the final prospectus with the MAS.
We will provide further updates when NOR lodges its preliminary prospectus, and registers its final prospectus with MAS.
More information on NOR Offshore is available on http://www.noroffshore.com
TERMS AND CONDITIONS SOLSTAD OFFSHORE ASA · P.O.BOX 13 · N-4297 SKUDENESHAVN · NORWAY · T:(+47) 52856500 · FIRMAPOST@SOLSTAD.NO