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MeldingsID: 418568
Dato/tid 25.01.2017 08:01
Utsteder S.D. Standard Drilling Plc
UtstederID SDSD
Instrument
Marked OAX,MM
Kategori MELDEPLIKTIG HANDEL FOR PRIMÆRINNSIDERE
Informasjonspliktig   Informasjonspliktige opplysninger
Vedlegg
Tittel MANDATORY NOTIFICATION OF TRADE - SAGA TANKERS ASA
Tekst
Reference is made to the stock exchange notice dated 
25 January 2017 regarding a completed private 
placement of up to 220,297,158 new shares (the "New 
Shares") in S.D. Standard Drilling PLC ("SDSD") for 
gross proceeds of approx. up to NOK 198.27 million 
(the "Private Placement").

In the Private Placement, Saga Tankers ASA and its 
wholly owned subsidiary Strata Marine & Offshore AS 
(jointly "SAGA") has been allocated 10,496,231 New 
Shares at the subscription price of NOK 0.90 per New 
Share.

Following completion of the Private Placement and 
issuance of the New Shares, SAGA will hold 157,680,002 
shares in SDSD, corresponding to 15.43% of the total 
outstanding share capital.

Saga is considered a primary insider of SDSD due to 
Saga being represented on SDSD's Board of Directors, 
cf. the Norwegian Securities Trading Act section 4-2 
(1).

* * *

This information is subject of the disclosure 
requirements acc. to §5-12 vphl (Norwegian Securities 
Trading Act)

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