SDRL - Private placement in North Atlantic Drilling Ltd completed
(Thomson Reuters ONE) -
Hamilton, Bermuda, February 16, 2011 - North Atlantic Drilling Ltd. ("NADL" or
the "Company") has completed the first tranche and closed the order book in the
private placement of 250,000,000 new ordinary shares of US$1.00 par value at a
subscription price of US$1.70, raising US$425,000,000 in gross proceeds to the
Company (the "Private Placement").
The Private Placement was closed on February 16, 2011 at 12:00 CET. The Company
is pleased to announce that the offering was heavily over-subscribed.
Due to heavily over-subscriptions allocation will not finalized before Friday
February 18, 2011.
The net proceeds raised will be used to part finance NADL's acquisition of a
fleet of six drilling units designed for use in harsh environment from Seadrill.
Seadrill has agreed to subscribe for 750,000,000 new shares in the Company at
the same subscription price as part consideration for the assets sold, such
subscription taking place at closing. As such, NADL will following closing of
the acquisition have issued 1 billion new shares at a subscription price of
US$1.70 raising a total amount of new equity of US$1,700 mill.
Seadrill confirms its obligation to repurchase the shares issued in the Private
Placement at the issue price of US$1.70 during the period from the date of issue
until the later of (i) the 10th business day (Oslo time) after closing of the
acquisition agreement with Seadrill and (ii) close of business Oslo time on May
13, 2011. Shareholders that wish to sell shares in the Company on this basis
must do so through RS Platou Markets AS. Settlement will be made on ordinary
terms for share sales in the secondary market.
The Company intends to list on the Oslo Stock Exchange within 2011.
RS Platou Markets AS, ABG Sundal Collier Norge ASA, Carnegie ASA and Fearnley
Fonds ASA have acted as joint lead managers and book-runners for the Private
Placement.
For further information, please contact:
Alf C. Thorkildsen, CEO & President, Seadrill Management AS, tel.
+47 51 30 99 19
Esa Ikäheimonen, CFO, Seadrill Management AS, tel. +47 51 30 99 19
Jim Dåtland, VP Investor Relations, Seadrill Management AS, tel. +47 51 30 99 19
http://www.seadrill.com
or the Managers:
RS Platou Markets AS, tel. +47 22 01 63 93
ABG Sundal Collier Norge ASA, tel. +47 22 01 60 00
Carnegie ASA, tel. +47 22 00 93 40
Fearnley Fonds ASA, tel.+47 22 93 60 00
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Seadrill Limited via Thomson Reuters ONE
[HUG#1489605]
Unternehmensinformation / Kurzprofil:
Datum: 16.02.2011 - 12:16 Uhr
Sprache: Deutsch
News-ID 51560
Anzahl Zeichen: 3432
contact information:
Town:
Hamilton
Kategorie:
Business News
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"SDRL - Private placement in North Atlantic Drilling Ltd completed"
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