Reference is made to the announcement on 23 November 2022 that Awilco Drilling PLC (“Awilco Drilling”) supposed to use for a switch of its itemizing from Oslo Børs to Euronext Growth Oslo and to the announcement on 1 November 2022 that Awilco Drilling will change its construction of VPS registration to Sponsored Norwegian Depository Receipts (“SNDRs”).
The first day of buying and selling on Euronext Growth Oslo is anticipated to happen on 16 December 2022 and the final day of buying and selling on Oslo Børs is anticipated to be on 15 December 2022.
Following the itemizing on Euronext Growth Oslo, Awilco Drilling expects to hold out an fairness providing of approx. USD 10 million, anticipated to be structured as mixture of a personal placement and a subsequent restore providing.
As from the primary day of buying and selling on Euronext Growth Oslo, Awilco Drilling will change the shape of registration of its securities with Euronext Securities Oslo (the “VPS”) from SSL registration of helpful pursuits in Awilco Drilling’s shares to SNDRs representing Awilco Drilling’s shares. This can even lead to a change of ISIN. As described within the press associated dated 1 November 2022, the change of registration to SNDRs is important because of this of the implementation of the EU Central Securities Depositories Regulation (Regulation EU no 909/2014) in Norway.
Key data relating to alter to SNDRs and associated change of ISIN:
Issuer title: Awilco Drilling PLC
Issuer of the SNDRs: Nordic Issuer Services AS
Last day of buying and selling below earlier ISIN and on SSL registration foundation: 15 December 2022
First day of buying and selling below new ISIN and as SNDRs: 16 December 2022
Date of ISIN change: 16 December 2022
Previous ISIN: GB00B5LJSC86
New ISIN: NO0012740218
Further, on account of technical causes, Awilco Drilling might be traded with momentary ticker code AWDRT as from 15 December 2022. As from 16 December 2022, Awilco Drilling might be traded with the atypical ticker code AWDR.
Following the change of registration to SNDRs, the 100:1 reverse share cut up permitted on the extraordinary basic assembly on 8 December 2022 might be carried out. This will entail a brand new change of ISIN.
Key data referring to the reverse cut up:
Issuer title: Awilco Drilling PLC
Issuer of the SNDRs: Nordic Issuer Services AS
Reverse cut up ratio: 100 previous SNDRs give 1 new SNDR (100:1)
Last day together with proper – reverse cut up: 19 December 2022
Ex date – reverse cut up: 20 December 2022
Record date for reverse cut up: 21 December 2022
Date on which reverse cut up was permitted: 8 December 2022
Previous ISIN: NO0012740218
New ISIN: NO0012785098
Date of ISIN change: 20 December
The above time line is topic to the admission to buying and selling to Euronext Growth Oslo going down on 16 December 2022 as deliberate. In case of any delay within the timeline, up to date data might be offered.
The issuer of the SNDRs might be Nordic Issuer Services AS, which is Awilco Drilling’s issuer account operator within the VPS. Nordic Issuer Services AS will proceed to be registered because the nominal holder of all of the shares of Awilco Drilling.
Sponsored Norwegian Depository Receipts (“SNDR”) issued within the ES-OSL register have sure limitations and dangers. You can learn extra about these limitations and dangers in Nordic Issuer Services AS’ basic enterprise phrases obtainable at www.nordicissuer.com. A service description for SNDRs is offered at www.euronextvps.no. A replica of the phrases and situations of the Sponsored Norwegian Depository Receipts for Awilco Drilling is hooked up to this discover, and the phrases and situations are additionally obtainable on the web site of Awilco Drilling, www.awilcodrilling.com.
The holders of SNDRs should look solely Nordic Issuer Services, because the issuer of the SNDRs, for cost of dividends, the train of voting rights and for all different rights arising in respect of the underlying shares in Awilco Drilling, on the premise of which the SNDRs are issued.
Aberdeen, 12 December 2022
For additional data, please contact:
Eric Jacobs, Interim CEO
Phone: +44 1224 737900
Cathrine Haavind, Investor Relations
Phone: +47 93 42 84 64
Email: [email protected] (mailto:[email protected])
This data is topic of the disclosure necessities pursuant to part 5-12 of the Norwegian Securities Trading Act.
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