Awilco Drilling Plc: Approval Of Prospectus And Listing Of Shares
June 05 2019 - 4:30AM
UK Regulatory
TIDMAWDR
Aberdeen, 5 June 2019
Reference is made to the stock exchange release by Awilco Drilling Plc
(the "Company") on 11 March 2019 regarding the successfully completed
private placement of 5,550,000 shares in the Company at a subscription
price of NOK 31.80 per share (the "Private Placement").
The Norwegian Financial Supervisory Authority has approved a prospectus
dated 5 June 2019 (the "Prospectus") for the listing of the 5,550,000
new shares issued through the Private Placement (the "Private Placement
Shares") on Oslo Børs.
The Prospectus will be available on the Company's website:
https://www.globenewswire.com/Tracker?data=Ki4iVdaaDIdEgytCXsJnuN-26oMX9MBun1xa6YOtZo6MwlLSAG6_lOmmc_8JOfoNBELWhq-IOopi9R16CekBurPtVsa8MW9sHHM2VJ58630=
www.awilcodrilling.com. Hard copies of the Prospectus may be obtained at
the offices of Awilhelmsen Offshore AS at Beddingen 8, 0118 Oslo,
Norway.
ABG Sundal Collier ASA, Fearnley Securities AS and Clarksons Platou
Securities AS acted as managers for the Private Placement (the
"Managers")
In connection with the settlement of the Private Placement, the Company
and the Managers entered into a share lending agreement with Awilhelmsen
Offshore AS ("Awilhelmsen") in order to facilitate delivery of the new
shares on a delivery versus payment basis. As a result, the delivery of
the shares under the Private Placement (except for 2,320,876 shares
allocated to Awilhelmsen) was settled with existing and unencumbered
shares in the Company that were already listed on Oslo Børs. The
shares delivered to the subscribers in the Private Placement were
therefore tradable on Oslo Børs upon allocation.
The share loan was settled by way of the new shares being issued
Awilhelmsen. The shares were issued on 14 March 2019. Since the shares
were not yet admitted to trading on Oslo Børs, the shares were
registered with the VPS under a blocked VPS account until the
publication of this Prospectus. As of 6 June 2019, the blocking of the
account will be lifted and the Private Placement Shares will be freely
transferable. The Private Placement Shares will be listed on Oslo
Børs on 6 June 2019. The Private Placement Shares are equal in all
respects to the Company's shares.
For further information, please contact:
Cathrine Haavind, IR Manager
Phone: +47 93 42 84 64
Email: ch@awilcodrilling.com
This information is subject to the disclosure requirements pursuant to
section 5-12 of the Norwegian Securities Trading Act.
Important information:
The release is not for publication or distribution, in whole or in part
directly or indirectly, in or into Australia, Canada, Japan or the
United States (including its territories and possessions, any state of
the United States and the District of Columbia) or any other
jurisdiction in which the release, publication or distribution would be
unlawful. This release is an announcement issued pursuant to legal
information obligations, and is subject of the disclosure requirements
pursuant to section 5-12 of the Norwegian Securities Trading Act. It is
issued for information purposes only, and does not constitute or form
part of any offer or solicitation to purchase or subscribe for
securities, in the United States or in any other jurisdiction. The
securities mentioned herein have not been, and will not be, registered
under the United States Securities Act of 1933, as amended (the "US
Securities Act"). The securities may not be offered or sold in the
United States except pursuant to an exemption from the registration
requirements of the US Securities Act. The Company does not intend to
register any securities in the United States or to conduct a public
offering of the securities in the United States. Copies of this
announcement are not being made and may not be distributed or sent into
Australia, Canada, Japan or the United States.
The distribution of this release may in certain jurisdictions be
restricted by law. Persons into whose possession this release comes
should inform themselves about and observe any such restrictions. Any
failure to comply with these restrictions may constitute a violation of
the securities laws of any such jurisdiction. The Managers are acting
for the Company and no one else in connection with the Private Placement
and will not be responsible to anyone other than the Company for
providing the protections afforded to their respective clients or for
providing advice in relation to the Private Placement and/or any other
matter referred to in this release.
Forward-looking statements:
This release and any materials distributed in connection with this
release may contain certain forward-looking statements. By their nature,
forward-looking statements involve risk and uncertainty because they
reflect the Company's current expectations and assumptions as to future
events and circumstances that may not prove accurate. A number of
material factors could cause actual results and developments to differ
materially from those expressed or implied by these forward-looking
statements.
Attachment
-- AWDR - Listing Prospectus 5 June 2019
https://ml-eu.globenewswire.com/Resource/Download/09371578-5a05-481e-985e-3887996a45bc
(END) Dow Jones Newswires
June 05, 2019 05:30 ET (09:30 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
Awilco Drilling (LSE:0Q2K)
Historical Stock Chart
From Apr 2024 to May 2024
Awilco Drilling (LSE:0Q2K)
Historical Stock Chart
From May 2023 to May 2024
Real-Time news about Awilco Drilling Plc (London Stock Exchange): 0 recent articles
More Awilco Drilling Plc News Articles