HAMILTON, BERMUDA--(Marketwire - Nov 9, 2012) - With reference to the announcement made
Limited ("Seadrill") on 26 October 2012, Seadrill has resolved to launch an
unconditional mandatory offer for all the issued and outstanding shares of
Offshore Drilling Limited ("AOD") at a price of NOK 28.71 per AOD share
The offer period in the Mandatory Offer runs from and including 12 November
2012 to 16:30 hours (CET) on 10 December 2012, and may be extended by up to
Platou Markets AS acts as financial advisors to Seadrill in relation to the
Mandatory Offer, and as the receiving agent in relation thereto.
The complete terms of the Mandatory Offer are set out in an offer document
9 November 2012, approved by Oslo Børs, and which will be distributed
shareholders in AOD with known addresses and that legally may receive such
document and accept the Mandatory Offer.
The offer document is available free of charge at the website of the
agent (www.platoumarkets.com) and at the office of the receiving agent
Platou Markets AS, Haakon VII's gate 10, P.O. Box 1474 Vika, 0116 Oslo,
Tel: +47 22 01 63 00).
About Seadrill Limited
Seadrill is a leading offshore deepwater drilling company, aiming to be our
customers' most important partner in making oil and gas available in a safe
cost-effective manner. The company operates a versatile fleet of 67 units
comprises drillships, jack-up rigs, semi-submersible rigs and tender rigs
operations in shallow to ultra-deepwater areas in harsh environment and
environments. Seadrill has some 8000 skilled and highly competent
representing some 50 nationalities, operating in 15 countries on five
continents. Seadrill is listed on the New York Stock Exchange and the Oslo
This information is subject of the disclosure requirements pursuant to
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