Paragon Offshore, the largest shareholder of Prospector Offshore Drilling since last week , has lodged a formal request for an extraordinary general meeting of the shareholders of Prospector Offshore Drilling S.A. to be convened. At the meeting, Paragon will seek to appoint new board of directors.

To remind, Paragon Offshore last week acquired 93.5% of Prospector Offshore Shares, through several separate transactions for NOK 14.50 per share or approximately USD $2.13 per share. The total value of the transaction was NOK 1,283 million / USD $188.6 million.