Seadrill Limited
OSLO : SDRL

September 04, 2012 03:26 ET

SDRL - Mandatory notification of trade

HAMILTON, BERMUDA--(Marketwire - Sep 4, 2012) - Seadrill has settled a Total Return Swap agreement (TRS) expiring on September 3, 2012 with 2,000,000 common shares in Seadrill Limited as underlying security. Seadrill has subsequently entered into a new TRS agreement with exposure to 2,000,000 Seadrill Limited common shares. The expiry date for the new TRS is December 3, 2012 and the reference price is NOK242.793 per share.

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#1638467]

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