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Seadrill Limited settles debt-for-equity exchange agreement.

NORDIC BUSINESS REPORT-June 14, 2016-Seadrill Limited settles debt-for-equity exchange agreement

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Offshore drilling contractor Seadrill Limited (Oslo:SDRL.OL) announced on Tuesday that its 7,500,000 newly issued shares of its common stock was settled on 13 June 2016.

The company added that the newly issued shares have been registered subject of the disclosure requirements of section 5-12 of the Norwegian Securities Trading Act.

Following settlement, the issued share capital of the company is equivalent to USD1.017bn, represented by 508,444,280 shares of its common stock issued and outstanding.

Seadrill Limited said it aims to unlock oil and gas for the benefit of its customers and their customers in the safest most efficient way.

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Publication:Nordic Business Report
Date:Jun 14, 2016
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