Brief: Saga Says Engaged Fearnley Securities For Contemplated Sale Of Up To 105.9 Million Existing Shares In S.D. Standard Drilling

Saga Pure ASA

19/10/2020 16:48

Oct 19 (Reuters) - Saga Tankers ASA  SAGT.OL :
    * REG-SAGA - CONTEMPLATED SECONDARY PLACING OF SDSD SHARES
    * SAGA TANKERS - ENGAGED FEARNLEY SECURITIES FOR
CONTEMPLATED SALE
OF UP TO 105.9 MILLION EXISTING SHARES IN S.D. STANDARD DRILLING
    * SAGA TANKERS ASA - TRANSACTION WILL BE STRUCTURED AS AN
ACCELERATED BOOK-BUILDING PROCESS TOWARDS 30 LARGEST
SHAREHOLDERS OF SAGA TANKERS
    * SAGA TANKERS ASA - BOOK-BUILDING PROCESS WILL COMMENCE
FOLLOWING
PUBLICATION OF ANNOUNCEMENT
    * SAGA TANKERS ASA -  BOOK-BUILDING PROCESS MAY BE CLOSED AT
SHORT
NOTICE AT SOLE DISCRETION OF COMPANY AND MANAGER
    * SAGA TANKERS ASA - MINIMUM ORDER AND ALLOCATION HAS BEEN
SET TO
NOK EQUIVALENT OF EUR 100,000

Source text for Eikon:  ID:nGNE2FSB6Y 
Further company coverage:  SAGT.OL 

 ((Reuters.Briefs@thomsonreuters.com;))