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Provider: Reuters Investment Profile
Provider: Wright Reports

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Sevan Drilling ASA Updates on Mandatory Offer from SeaDrill Ltd

Friday, 2 Aug 2013 02:36am EDT 

Sevan Drilling ASA announced, with reference to the offer document dated July 24, 2013 regarding the mandatory offer to acquire all outstanding shares in Sevan Drilling ASA made by SeaDrill Ltd (the offeror) with acceptance period from July 25, 2013 to and including 16:30 CET on August 22, 2013 (subject to extension), that on August 1, 2013, the offeror received acceptances under the offer for 732 shares of Sevan Drilling. Following this, the offeror has received acceptances for a total of 11,032 shares representing approximately 0.002% of the shares and votes in Sevan Drilling. Together with the 297,893,964 shares already held by the offeror, the offeror will, at completion of the offer, hold or be exposed through forward contracts to 297,904,996 shares, representing 50.10% of all the issued shares of Sevan Drilling. The offeror is represented at the board of Sevan Drilling through Erling Lind and Per Wullf, and the offeror is thus to be considered a primary insider of Sevan Drilling for the purposes of mandatory notifications of trades. 

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