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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Archer Ltd (PK) | USOTC:ARHVF | OTCMarkets | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 2.20 | 1.33 | 3.57 | 0.00 | 21:21:14 |
From Jan 2020 to Jan 2025
DOW JONES NEWSWIRES
Oslo-listed oilfield service company Archer Limited (ARCHER.OS) said Friday it will raise $82 million in a share issue directed towards its two largest shareholders, Seadrill Limited (SDRL.OS) and Lime Rock Partners V.L.P.
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MAIN FACTS:
-The company will issue 12.7 million new shares of $2 par value at a subscription price of NOK35 per share.
-Seadrill was allocated 10.8 million of the new shares, while Lime Rock was allocated 1.9 million new shares.
-The background for the placement is Archer's acquisition of the Great White Energy group which closed earlier in the week.
-The private placement will close on Aug. 31. Following closing, Seadrill will 38.3% and Lime Rock 13.4% of shares in Archer.
-At 1120 GMT, shares in Archer were down 2.5% at NOK23.93.
-By Anna Molin; Dow Jones Newswires; +46-8-5451-3103; anna.molin@dowjones.com
1 Year Archer (PK) Chart |
1 Month Archer (PK) Chart |
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