Brief: Preliminary results of mandatory offer for S.D. Standard Drilling made by Saga Tankers

SD Standard Etc

16/07/2015 07:19

July 16 (Reuters) - SD Standard Drilling PLC  SDSD.OL : 
    * Preliminary results of mandatory offer for S.D. Standard 
Drilling (SDSD) 
    * Saga Tankers ASA (Offeror) has received acceptance of 
mandatory offer for a total of 22,555,800 shares, representing 
about 8.61 pct of outstanding shares and votes in SDSD 
    * Offeror and persons acting in concert with it now owns and 
holds rights to a total of 179,569,430 shares, representing 
about 68.54 percent of shares and voting rights in SDSD 
    * Says settlement of mandatory offer will be made as soon as 
possible, and no later than July 29, 2015 
 
Source text for Eikon:  ID:nObi1Pgcga  
     
Further company coverage:  SDSD.OL  
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 698 3920;))