Sevan Drilling ASA: Order Received from Seadrill in the Private Placement
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES
Oslo, 14 January 2013
Reference is made to the announcement made by Sevan Drilling ASA (the "Company") earlier today regarding a contemplated private placement of USD 175 million through an issue of new shares in the Company directed towards Norwegian and international investors (the "Private Placement").
The managers for the Private Placement have confirmed that a firm order has been received from the Company's largest shareholder, Seadrill Ltd, which can give Seadrill an ownership of maximum 33.3% post completion of the Private Placement. The order is made with a price limit of NOK 3.95 per share.
Pareto Securities AS and Swedbank First Securities act as joint lead managers and joint bookrunners and Carnegie is acting as co-manager for the Private Placement. Rothschild is acting as financial adviser to the Company.
This press release does not constitute or form part of an offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein may not be offered or sold in the United States absent registration or an exemption from registration as provided in the U.S. Securities Act of 1933, as amended. The Company does not intend to register any portion of the offering of the 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 the Australia, Canada, Japan or the United States.
For further information, please contact:
Scott Kerr, CEO, Sevan Drilling ASA
+47 99283890 mobile
Jon H. Wilmann, CFO, Sevan Drilling ASA
+47 90560406 mobile
About Sevan Drilling:
Sevan Drilling ASA is an international offshore drilling contractor specializing in the ultra deepwater segment. Sevan Drilling ASA is listed on Oslo Børs.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.