Awilco Drilling Plc: Approval Of Prospectus And Listing Of Shares

 
TIDMAWDR 
 
   Aberdeen, 5 June 2019 
 
   Reference is made to the stock exchange release by Awilco Drilling Plc 
(the "Company") on 11 March 2019 regarding the successfully completed 
private placement of 5,550,000 shares in the Company at a subscription 
price of NOK 31.80 per share (the "Private Placement"). 
 
   The Norwegian Financial Supervisory Authority has approved a prospectus 
dated 5 June 2019 (the "Prospectus") for the listing of the 5,550,000 
new shares issued through the Private Placement (the "Private Placement 
Shares") on Oslo Børs. 
 
   The Prospectus will be available on the Company's website: 
https://www.globenewswire.com/Tracker?data=Ki4iVdaaDIdEgytCXsJnuN-26oMX9MBun1xa6YOtZo6MwlLSAG6_lOmmc_8JOfoNBELWhq-IOopi9R16CekBurPtVsa8MW9sHHM2VJ58630= 
www.awilcodrilling.com. Hard copies of the Prospectus may be obtained at 
the offices of Awilhelmsen Offshore AS at Beddingen 8, 0118 Oslo, 
Norway. 
 
   ABG Sundal Collier ASA, Fearnley Securities AS and Clarksons Platou 
Securities AS acted as managers for the Private Placement (the 
"Managers") 
 
   In connection with the settlement of the Private Placement, the Company 
and the Managers entered into a share lending agreement with Awilhelmsen 
Offshore AS ("Awilhelmsen") in order to facilitate delivery of the new 
shares on a delivery versus payment basis. As a result, the delivery of 
the shares under the Private Placement (except for 2,320,876 shares 
allocated to Awilhelmsen) was settled with existing and unencumbered 
shares in the Company that were already listed on Oslo Børs. The 
shares delivered to the subscribers in the Private Placement were 
therefore tradable on Oslo Børs upon allocation. 
 
   The share loan was settled by way of the new shares being issued 
Awilhelmsen. The shares were issued on 14 March 2019. Since the shares 
were not yet admitted to trading on Oslo Børs, the shares were 
registered with the VPS under a blocked VPS account until the 
publication of this Prospectus. As of 6 June 2019, the blocking of the 
account will be lifted and the Private Placement Shares will be freely 
transferable. The Private Placement Shares will be listed on Oslo 
Børs on 6 June 2019. The Private Placement Shares are equal in all 
respects to the Company's shares. 
 
   For further information, please contact: 
 
   Cathrine Haavind, IR Manager 
 
   Phone: [phone] 
 
   Email: [e-mail] 
 
   This information is subject to the disclosure requirements pursuant to 
section 5-12 of the Norwegian Securities Trading Act. 
 
   Important information: 
 
   The release is not for publication or distribution, in whole or in part 
directly or indirectly, in or into Australia, Canada, Japan or the 
United States (including its territories and possessions, any state of 
the United States and the District of Columbia) or any other 
jurisdiction in which the release, publication or distribution would be 
unlawful. This release is an announcement issued pursuant to legal 
information obligations, and is subject of the disclosure requirements 
pursuant to section 5-12 of the Norwegian Securities Trading Act. It is 
issued for information purposes only, and does not constitute or form 
part of any offer or solicitation to purchase or subscribe for 
securities, in the United States or in any other jurisdiction. The 
securities mentioned herein have not been, and will not be, registered 
under the United States Securities Act of 1933, as amended (the "US 
Securities Act"). The securities may not be offered or sold in the 
United States except pursuant to an exemption from the registration 
requirements of the US Securities Act. The Company does not intend to 
register any securities in the United States or to conduct a public 
offering of the securities in the United States. Copies of this 
announcement are not being made and may not be distributed or sent into 
Australia, Canada, Japan or the United States. 
 
   The distribution of this release may in certain jurisdictions be 
restricted by law. Persons into whose possession this release comes 
should inform themselves about and observe any such restrictions. Any 
failure to comply with these restrictions may constitute a violation of 
the securities laws of any such jurisdiction. The Managers are acting 
for the Company and no one else in connection with the Private Placement 
and will not be responsible to anyone other than the Company for 
providing the protections afforded to their respective clients or for 
providing advice in relation to the Private Placement and/or any other 
matter referred to in this release. 
 
   Forward-looking statements: 
 
   This release and any materials distributed in connection with this 
release may contain certain forward-looking statements. By their nature, 
forward-looking statements involve risk and uncertainty because they 
reflect the Company's current expectations and assumptions as to future 
events and circumstances that may not prove accurate. A number of 
material factors could cause actual results and developments to differ 
materially from those expressed or implied by these forward-looking 
statements. 
 
 
 
   Attachment 
 
 
   -- AWDR - Listing Prospectus 5 June 2019 
      https://ml-eu.globenewswire.com/Resource/Download/09371578-5a05-481e-985e-3887996a45bc 
 
 
 
 
 

(END) Dow Jones Newswires

June 05, 2019 05:30 ET (09:30 GMT)

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