SDRL - Settlement of the outstanding 2012 convertible bond completed
(Thomson Reuters ONE) -
Hamilton, Bermuda, May 11, 2011 - Reference is made to news release dated April
7, 2011 disclosing that Seadrill had exercised its right to redeem the remaining
outstanding bonds of the 2012 convertible bond (ISIN NO 001 0395981). The
remaining convertible bonds outstanding that was settle on May 10, 2011, totaled
US$749.4 million of which bondholders representing US$721.2 million had
requested conversion within the conversion date stipulated in the loan
agreement. The other US$28.2 million was redeemed at par. In connection with
conversion of the bonds, Seadrill Limited has issued 25,942,446 new shares at
par value of US$2.00 increasing the number of outstanding common shares to
469,250,933 shares.
In order to reduce the dilution effect of the conversion Seadrill has since
April 18, 2011 repurchased 2,350,000 common shares at an average price of
NOK183.6 per share, equivalent to an average price of US$34.3 per share. The
Company's current holding of treasury shares is 2,545,690 shares.
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#1514477]
Unternehmensinformation / Kurzprofil:
Datum: 11.05.2011 - 08:55 Uhr
Sprache: Deutsch
News-ID 54510
Anzahl Zeichen: 1816
contact information:
Town:
Hamilton
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 161 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"SDRL - Settlement of the outstanding 2012 convertible bond completed"
steht unter der journalistisch-redaktionellen Verantwortung von
Seadrill Limited (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
