November 13, 2008 05:47 ET
CORR - SDRL -TRS agreements
HAMILTON, BERMUDA--(Marketwire - November 13, 2008) - This release is a correction of the
original year of maturity for the return swap agreements with Carnegie
Investment Bank AB Norway Branch and the year the agreed initial reference
price under the swap agreement is to expire, originally disclosed in the
two previous releases sent out earlier this morning, as 2008 and 2009,
respectively. Corrected text follows.
Seadrill has agreed an early termination of the total return swap
agreements with Carnegie Investment Bank AB Norway Branch with
4,500,000 shares in Seadrill Limited as underlying security. The
swaps originally had December 19, 2008 as maturity date.
Simultaneously, Seadrill entered into a total return swap agreement
with DnBNor Markets with 4,500,000 shares in Seadrill Limited as
underlying security. The agreed initial reference price under the
swap agreement is NOK56.7 per share with expiry on February 12, 2009.
Seadrill also has a current holding of own treasury shares of 717,800
shares.
This information is subject of the disclosure requirements acc. to
§5-12 vphl (Norwegian Securities Trading Act).
Seadrill Limited
Hamilton, Bermuda
November 13, 2008
This announcement was originally distributed by Hugin. The issuer is
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