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SD Standard Drilling PLC (SDSD.OL)

SDSD.OL on Oslo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

SD Standard Drilling requests transfer of listing from Oslo Axess to Oslo Børs
Monday, 22 May 2017 09:36am EDT 

May 22 (Reuters) - SD STANDARD DRILLING PLC ::S.D. STANDARD DRILLING PLC. HAS SUBMITTED AN APPLICATION TO OSLO BØRS WHEREBY COMPANY REQUESTS TRANSFER OF LISTING OF COMPANY'S SHARES FROM OSLO AXESS TO OSLO BØRS.  Full Article

SD Standard Drilling buys 2.9 pct shares in New World Supply
Monday, 3 Apr 2017 06:06am EDT 

SD STANDARD DRILLING PLC : SAID ON SATURDAY, INCREASES OWNERSHIP IN SIX MID-SIZE PLATFORM SUPPLY VESSELS . ENTERED INTO AGREEMENTS WITH HOF-HOORNEMAN BANKIERS NV AND ULF JOHAN RIEBER TO BUY TOTAL OF 933,143 SHARES IN NEW WORLD SUPPLY (NWS) . TRANSACTION CORRESPONDS TO ABOUT 2.9 PERCENT OF TOTAL OUTSTANDING SHARES IN NWS . AFTER TRANSACTION WILL HOLD ABOUT 26.2 PERCENT OF TOTAL OUTSTANDING SHARES IN NWS .AS CONSIDERATION FOR SHARES IN NSW, SDSD WILL ISSUE 4 MILLION AND 9.1 MILLION NEW SHARES IN SDSD TO HOF-HOORNEMAN AND RIEBER RESPECTIVELY, EACH TO SUBSCRIPTION PRICE OF 0.75 NORWEGIAN CROWNS PER NEW SHARE.  Full Article

SD Standard Drilling to acquire 2.5 mln shares in New World Supply Ltd.
Wednesday, 22 Mar 2017 02:53am EDT 

SD Standard Drilling PLC : S.D. Standard Drilling Plc (SDSD) entered into an agreement with Royal London Asset Management (RLAM) to acquire 2,500,000 shares in New World Supply Ltd. (NWS) . As a consideration for 2,500,000 shares in NSW, SDSD will issue 35,000,000 new shares in SDSD to RLAM, each to a subscription price of 0.75 crown per new share, corresponding to 26,250,000 Norwegian crowns ($3.10 million) .Company will hold about 23.3% of total outstanding shares in NWS subsequent transaction.  Full Article

SD Standard Drilling Q4 operating profit up at $38,000
Tuesday, 28 Feb 2017 02:16am EST 

SD Standard Drilling Plc :Q4 operating profit $38,000 versus $16,000 year ago.  Full Article

SD Standard Drilling cancels revolving credit facility
Friday, 17 Feb 2017 01:08am EST 

SD Standard Drilling Plc : Says has due to successful private placement of about 198 million Norwegian crowns ($24 million) sufficient funds for operations going forward [nObiJTc7ra] . Says has together with Saga Tankers ASA agreed to cancel revolving credit facility of $10 million .Says has had no cost or expenses related to revolving credit facility.  Full Article

SD Standard Drilling announces final results of subsequent offering
Monday, 23 Jan 2017 01:51am EST 

SD Standard Drilling PLC : Final result of the subsequent offering .Subsequent offering raised gross proceeds of about 3.5 million Norwegian crowns ($417,731).  Full Article

OFFICIAL-BRIEF-SD Standard Drilling announces final results of subsequent offering
Monday, 23 Jan 2017 01:42am EST 

Corrects value of gross proceeds raised in subsequent offering in second bullet point. Company corrected its own statement..SD Standard Drilling PLC : Final result of the subsequent offering .Subsequent offering raised gross proceeds of about 3.58 million Norwegian crowns ($427,422).  Full Article

SD Standard Drilling to acquire three large Norwegian built PSVs
Thursday, 19 Jan 2017 09:02am EST 

SD Standard Drilling PLC : To acquire three large Norwegian built Platform Supply Vessels (PSV) on wholly owned basis . Vessels are to be acquired for total en-bloc consideration of $40 million . Following acquisition, company will control fleet of 10 norwegian built PSVs . Acquisition of vessels is expected to be completed, subject to inspection, in February 2017 .Acquisition will be financed through its cash holding, share contributions from subsequent offers and (to extent necessary) credit facility.  Full Article

SD Standard Drilling's unit to invest $5.215 mln into PSV market
Monday, 2 Jan 2017 06:23am EST 

SD Standard Drilling PLC : Says continues its investment into PSV market . Its wholly owned unit, Wanax AS, will invest $5.215 million, in PSV Opportunity III DIS .Investment will be done through subscription of ownership interests in PSV Opportunity III and gives Wanax 35 percent ownership stake in PSV Opportunity III.  Full Article

SD Standard Drilling private placement oversubscribed
Friday, 9 Dec 2016 02:04am EST 

SD Standard Drilling PLC : Has received binding orders for subscription of 423,076,924 shares at price of 0.65 Norwegian crown ($0.077) per share, corresponding to gross proceeds of 275 million crowns . Private placement was significantly oversubscribed . Will, subject to completion of private placement, launch subsequent offering of up to 9.5 million ordinary shares at 0.65 crown per share directed towards shareholders as of Dec. 8 .Clarksons Platou Securities AS has acted as sole manager and bookrunner in private placement.  Full Article

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BRIEF-Saga Tankers bought 11 mln shares of SD Standard at NOK 0.58 per share

* Saga Tankers ASA has on 20 april purchased 11 million shares at NOK 0.58 per share