ABERDEEN, Scotland, March 24 /PRNewswire-FirstCall/ -- Stolt Offshore S.A.
(Nasdaq: SOSA; Oslo Stock Exchange: STO), announced today that the transfer
restrictions have been lifted on the 45.5 million Common Shares, which were
issued in the private placement and on which trading commenced on March 12,
2004.
The ISIN number under which the new shares have been trading and the
STON ticker code will be cancelled on March 25, 2004. All Stolt Offshore
shares registered on the Oslo Bors will trade under the original ISIN number
and STO ticker code from that date.
Stolt Offshore is a leading offshore contractor to the oil and gas
industry, specialising in technologically sophisticated deepwater engineering,
flowline and pipeline lay, construction, inspection and maintenance services.
The Company operates in Europe, the Middle East, West Africa, Asia Pacific,
and the Americas.
Forward-Looking Statements: Certain statements made in this press release
may include "forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933 and Section 21E of the Securities Exchange Act of
1934. These statements may be identified by the use of words like
"anticipate", "believe", "estimate", "expect", "intend", "may", "plan",
"project", "will", "should", "seek", and similar expressions. The forward-
looking statements reflect our current views and assumptions and are subject
to risks and uncertainties. The following factors, and others which are
discussed in our public filings and submissions with the U.S. Securities and
Exchange Commission, are among those that may cause actual and future results
and trends to differ materially from our forward-looking statements: the
terms, conditions and amount of our indebtedness; our ability to restructure
our indebtedness; our ability to recover costs on significant projects; the
general economic conditions and competition in the markets and businesses in
which we operate; our relationship with significant customers; the outcome of
legal proceedings; uncertainties inherent in operating internationally; the
impact of laws and regulations; and operating hazards, including spills and
environmental damage. Many of these factors are beyond our ability to control
or predict. Given these factors, you should not place undue reliance on the
forward-looking statements.
http://hugin.info/181/R/939263/130562.pdf
For further information contact:
Julian Thomson
Stolt Offshore S.A.
UK +44 1224 718436
US +1 877 603 0267 (toll free)
julian.thomson@stoltoffshore.com
SOURCE Stolt Offshore S.A.
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Related links:
http://www.stoltoffshore.com
CONTACT:
Julian Thomson of Stolt Offshore S.A.,
+44-1224-718436, or US - 1-877-603-0267 (toll free),
julian.thomson@stoltoffshore.com
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