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Sevan Drilling ASA Updates on Private Placement


Tuesday, 15 Jan 2013 04:22am EST 

Sevan Drilling ASA announced, with reference to the announcements dated January 14, 2013 and January 15, 2013 regarding the conducted private placement of NOK 987.5 million, the primary insiders of the Company that have been allocated shares in the primary insider tranche in connection with the private placement, at a price per share of NOK 3.95. The Company's Chief Executive Officer, Scott Kerr, has been allocated 253,200 shares, and will after delivery of such hold 873,300 shares. The Company's Chief Financial Officer, Jon Wilmann, has been allocated 185,600 shares, and will after delivery of such hold 311,988 shares. Board Member Kitty Hall has been allocated 32,900 shares, and will after delivery of such hold 62,900 shares. The Company's Vice President QHSE, Pascal Busch, has been allocated 14,000 shares, and will after delivery of such hold 14,000 shares in the Company. The Company's Vice President HR, Eileen Aspehaug, has been allocated 12,700 shares, and will after delivery of such hold 12,700 shares. The Company's primary insiders will not be allowed to participate in the subsequent offering following the private placement. 

Company Quote

3.07
0.02 +0.66%
25 Jul 2014