Acergy (ACGY) Announces Approval to Increase Share Capital to $900M and Combine with Subsea 7
Acergy S.A. (Nasdaq: ACGY) announces that following the approval of resolution 1 to approve the Combination of the Company with Subsea 7 Inc., to increase the authorised share capital of the Company and to amend the Company’s Articles of Incorporation, including changing the name of the Company to “Subsea 7 S.A.” at the Combination Extraordinary General Meeting of Shareholders held today.
The Authorised share capital of Acergy S.A. increased to $900,000,000 to be represented by 450,000,000 Common Shares, par value of $2 per share with immediate effect. All other changes will be conditional on Completion, as defined in the prospectus dated September 21, 2010.
As at November 9, 2010, the issued share capital of Acergy S.A. remained unchanged; consisting of 194,953,972 listed shares of nominal value, each with voting rights so that the total number of voting rights is 194,953,972.
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The Authorised share capital of Acergy S.A. increased to $900,000,000 to be represented by 450,000,000 Common Shares, par value of $2 per share with immediate effect. All other changes will be conditional on Completion, as defined in the prospectus dated September 21, 2010.
As at November 9, 2010, the issued share capital of Acergy S.A. remained unchanged; consisting of 194,953,972 listed shares of nominal value, each with voting rights so that the total number of voting rights is 194,953,972.
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