Since its unique itemizing in 2011, the shares of Awilco Drilling PLC (“Awilco Drilling”) have, in accordance with established market observe within the Norwegian market, been registered in Euronext Securities Oslo (the “VPS”) by means of SSL registration, underneath which DNB Verdipapirservice, because the account operator of Awilco Drilling, has been registered because the nominal holder of all of the shares of Awilco Drilling within the register of members, and helpful pursuits representing the shares have been issued within the VPS.
As a end result of the implementation of the EU Central Securities Depositories Regulation (Regulation EU no 909/2014), the SSL methodology of registration will not be permitted in Norway. Awilco Drilling has explored varied options for sustaining the VPS registration, and has concluded that the one possible various is to construction the VPS registration by means of Norwegian Depository Receipts.
Since DNB Verdipapirservice at present doesn’t provide Norwegian Depository Receipts as a product, Awilco Drilling will terminate the present registrar settlement with DNB Verdipapirservice efficient from 1 November 2022 and has entered into a brand new registrar settlement with Nordic Issuer Services AS efficient from the identical date. Accordingly, Nordic Issuer Services AS would be the issuer account operator of Awilco Drilling from 1 November 2022, and can from this date be registered because the nominal holder of all of the shares of Awilco Drilling within the register of members.
The change from SSL registration to registration of Norwegian Depository Receipts has not but been carried out, however will likely be so earlier than the deadline for ceasing SSL registration. Awilco Drilling will revert with additional info as soon as the time for change to Norwegian Depository Receipts has been decided.
Aberdeen, 1 November 2022
For additional info, please contact:
Eric Jacobs, Interim CEO
Phone: +44 1224 737900
Cathrine Haavind, Investor Relations
Phone: +47 93 42 84 64
Email: [email protected]
This info is topic of the disclosure necessities pursuant to part 5-12 of the Norwegian Securities Trading Act.