Awilco Drilling Plc: New Sponsored Norwegian Depository Receipts (SNDRs) issued

Aberdeen, 23 December 2022

Reference is made to the inventory alternate discover from Awilco Drilling PLC (“Awilco Drilling” or the “Company”) on 21 December 2022 asserting the profitable placement of three,922,880 Sponsored Norwegian Depository Receipts (SNDRs) in a personal placement within the Company at a subscription worth of NOK 20 per SNDR (the “Private Placement”) and the corresponding issuance of three,922,880 new shares.

Today, the three,922,880 new shares have been legally and validly issued following a pre-funding fee by Clarksons Securities AS. Following the issuance of the brand new shares, Awilco Drilling has a share capital of GBP 2,904,651.75 divided into 4,468,695 shares, every with a nominal worth of GBP 0.65.

Furthermore, Nordic Issuer Services AS, Awilco Drilling’s issuer account operator with Euronext Securities Oslo (the “VPS”) has right now issued new 3,922,880 SNDRs, every corresponding to at least one underlying share in Awilco Drilling. The SNDRs will probably be delivered to subscribers within the Private Placement on or about 28 December 2022 on a delivery-versus-payment foundation.

For additional data please contact:

Erik Jacobs, CEO of Awilco Drilling; Tel: +44 1224 737900
Cathrine Haavind, Investor Relations of Awilco Drilling; Tel: +47 93 42 84 64, [email protected]

This data is revealed in accordance with the necessities of the Continuing Obligations.

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