Seadrill Limited

August 29, 2013 07:00 ET

Seadrill Limited: SDRL - Disclosure regarding Sevan Drilling ASA

HAMILTON, BERMUDA--(Marketwired - Aug 29, 2013) - Seadrill Limited ("Seadrill") (OSLO: SDRL) has financed a portion of its exposure to Sevan Drilling ASA ("Sevan") through a forward agreement. Seadrill has sold 120,065,464 shares and received a forward agreement with exposure to the same number of shares. The shares have been sold at NOK 3.95 per share. The forward agreement runs until November 6, 2013 and has a strike price of NOK 3.9737.

Seadrill controls 297,941,358 shares of Sevan, either through direct ownership or forward agreements, representing 50.11% of all issued shares of Sevan.

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


Contact Information

  • Seadrill
    +47 51 30 99 00