SDRL - Buyback of shares
(Thomson Reuters ONE) -
Hamilton, Bermuda, April 29, 2011 - Seadrill has through market purchases
executed April 28, bought back 300,000 of the Company's own common stocks at an
average price of NOK185.41 per share.
The strategy behind the repurchase is to reduce the total outstanding number of
shares after the recently announced notification of Call Option as informed in
the press release April 7, 2011, and subsequent anticipated conversion of the
US$749.5 million 2012 Convertible debt into equity.
After the purchase, Seadrill has increased its holding of treasury shares from
to 898,687 shares to 1,196,687.
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#1510642]
Unternehmensinformation / Kurzprofil:
Datum: 29.04.2011 - 08:25 Uhr
Sprache: Deutsch
News-ID 54059
Anzahl Zeichen: 1376
contact information:
Town:
Hamilton
Kategorie:
Business News
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"SDRL - Buyback of shares"
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