Attached herewith as Exhibit 99.1 is a press release, dated August 31, 2010, whereby Acergy S.A. announced that it expects to publish the prospectus in relation to the proposed combination with Subsea 7 Inc. in early Autumn. Within the prospectus will be additional financial disclosure relating to Acergy’s results for the first half of 2010. The additional disclosure relates to the adoption of IAS 34 rules (regarding minimum content of interim results statements) and has no impact on the historic results published by Acergy. Ahead of the publication of the prospectus we are providing this additional disclosure under IAS 34. The Q2 and first half 2010 results, as published on July 14, 2010 are unchanged and are presented on pages 1 to 12 of this publication.
Pages 13 to 21 provide additional disclosure in line with IAS 34 and consistent with that presented by Subsea 7 Inc. in their first half 2010 results published on July 27.
The information set forth above and in the attached press release shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference in such filing.
Certain statements set forth above and contained in the press release furnished pursuant to this Form 6-K 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,” “forecast,” “project,” “will,” “should,” “seek,” and similar expressions. These forward-looking statements include, but are not limited to, statements as to the expected date of publication of the prospectus and additional financial disclosure that will be included in the prospectus. 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: actions by regulatory authorities or other third parties; unanticipated costs and difficulties related to the integration of Acergy S.A. and Subsea 7 Inc. and our ability to achieve benefits therefrom; unanticipated delays, costs and difficulties related to the combination transaction, including satisfaction of closing conditions; 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 clients; the outcome of legal proceedings or governmental enquiries; uncertainties inherent in operating internationally; the timely delivery of ships on order and the timely completion of ship conversion programs; 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.
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