Sevan Drilling ASA: Completion of Private Placement and Registration of Share Capital
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES
Oslo, 13 February 2013
Reference is made to the stock exchange announcements made by Sevan Drilling ASA (the "Company") dated 14 January 2013, 15 January 2013 and 6 February 2013 regarding, inter alia, a private placement (the "Private Placement") of 250,000,000 new shares in the Company.
The conditions for the Private Placement have now been fulfilled, and the Private Placement thus completed. Following this, an increase in the Company's share capital by NOK 250,000,000, equivalent to 250,000,000 new shares, has been registered with the Norwegian Register of Business Enterprises. These new shares will be listed on Oslo Børs from today, 13 February 2013. Following such registration, the Company has an issued share capital of NOK 586,625,000, divided into 586,625,000 shares, each with a nominal value of NOK 1.
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 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.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.