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Prosafe's management disposes of all shares

The management of crisis-hit hotel rig company Prosafe, which is currently undergoing a restructuring process, has sold all of its shares in the company. This is part of the restructuring that leaves the current shareholders with just one percent of the company.

Jesper K. Andresen, CEO i Prosafe, har ligesom resten af ledelsen solgt alle aktier i det kriseramte hotelrigselskab. | Photo: PR-FOTO

The top execs of the crisis-ridden hotel rig company Prosafe, currently undergoing debt rescheduling and financial restructuring, have sold their shares in the company, according to a stock exchange release by Prosafe.

According to Prosafe's management, the sale is linked to the ongoing restructuring process, which serves to reduce the hotel rig company's debt and convert bond debt into new shares, while existing shareholders will have their stake in the company reduced to just one percent.

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