Ocean Rig Investors Convert More Bonds
Ocean Rig announces that investors have converted a further 4,781 Mandatory Convertible Bonds with a nominal value of NOK 4,781,000 in the Mandatory Convertible Bond Issue 2002/2005 (ISIN NO 001015769.6) into 136,586 ordinary shares at NOK 35 per share. Investors have also converted 15,600 7% Convertible Bonds with a nominal value of NOK 15,600,000 in the 7% Convertible Bond Issue 2004/2007 (ISIN NO 0010229537) into 821,052 ordinary shares at NOK 19 per share.
These conversions have reduced the outstanding amount under the Mandatory Convertible Bond Issue from NOK 8,039,000 to NOK 3,258,000 and the 7% Convertible Bond Issue from NOK 32,300,000 to NOK 16,700,000, and increased the number of ordinary shares outstanding in Ocean Rig ASA from 87,478,655 to 88,436,293.
Certificate of registration is sent to Oslo Stock Exchange. New share capital is NOK 884,362,930 and the capital is registered fully paid in the Register of Business Enterprises.
Manages 14 Offshore Rigs
- Avenue Capital Urges Ocean Rig To Hire Advisers (Oct 17)
- Rig Contractor Ocean RIG Files For Bankruptcy Protection In US (Mar 28)
- Ocean Rig Acquires an Ultra Deepwater Drillship for $65M (Apr 27)