Analyst Research

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Provider: Reuters Investment Profile
Provider: Wright Reports

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Sevan Drilling ASA Announces Final Results of Mandatory Offer from SeaDrill Ltd

Thursday, 5 Sep 2013 02:32am EDT 

Sevan Drilling ASA announced that the acceptance period for the mandatory offer to acquire all outstanding shares in Sevan Drilling made by SeaDrill Ltd expired on August 22, 2013 at 16:30 CET. Settlement of the Offer has taken place and final result of the Offer shows that the Offeror received acceptance of the Offer for a total of 47,394 shares, representing approximately 0.01% of the issued shares in the Company. Together with the 297,893,964 shares already held by the Offeror, the Offeror holds or is exposed through forward contracts to 297,941,358 shares, representing 50.11% of all the issued shares of the Company. DNB Markets is acting as financial advisor and receiving agent for the Offeror. 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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11 Jul 2014