Reference is made to previous announcements concerning the successful voluntary offer by Transocean Ltd. and Transocean Inc. ("Transocean") for the shares of Songa Offshore SE (the "Company"). Transocean has initiated a compulsory acquisition of the remaining shares of the Company. Songa Offshore SE received the resignation of the Company`s Chief Financial Officer, Jan Rune Steinsland, effective 28 February 2018. 2 March 2018Limassol, Cyprus This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.
Songa Offshore has announced the resignation of CFO Jan Rune Steinsland, effective 28 February. The news comes as Transocean for Songa initiates a compulsory acquisition of the remaining shares of Songa, following a previous announcement of a successful voluntary offer by Transocean.