Seadrill Limited
OSLO : SDRL

August 07, 2013 02:51 ET

SDRL - Disclosure regarding Sevan Drilling ASA

HAMILTON, BERMUDA--(Marketwired - Aug 7, 2013) - We refer to the press releases dated January 30, 2013, February 7, 2013, and May 10, 2013 which announced the forward agreements for Seadrill Limited's ("Seadrill") holdings in Sevan Drilling ASA ("Sevan") shares.

We have rolled forward these agreements subsequent to the prior agreements' expiration.

Seadrill has entered into a forward agreement for 96,000,000 Sevan shares expiring November 6, 2013 with a strike price of NOK 4.05.

Additionally, Seadrill has entered into a forward agreement for 81,828,500 Sevan shares expiring November 6, 2013 with a strike price of NOK 4.04.

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#1721602]

Contact Information

  • Analyst contact
    Rune Magnus Lundetrae
    Chief Financial Officer
    Seadrill Management AS
    +47 51 30 99 19

    Media contact
    Alf Thorkildsen
    Chief Executive Officer
    Seadrill Management AS
    +47 51 30 99 19