Brief: S.D. Standard Drilling Increases Stake In NWS To About 34.4 Pct

SD Standard Etc

23/11/2018 06:33

Nov 23 (Reuters) - S.D. Standard Drilling Plc  SDSD.OL :
    * SAID ON THURSDAY IT HAS ENTERED AGREEMENT TO ACQUIRE 2.7
MLN
SHARES IN NEW WORLD SUPPLY LTD. CORRESPONDING TO APPROXIMATELY
8.23% OF TOTAL OUTSTANDING SHARES IN NWS 
    * FOLLOWING THE TRANSACTION THE COMPANY WILL HOLD
APPROXIMATELY
34.4% OF THE TOTAL OUTSTANDING SHARES IN NWS
    * DSD WILL PAY USD 1.8 MLN TO THE SELLERS

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nObi0dP9wa
    
 Further company coverage:  SDSD.OL  
   


 (Gdynia Newsroom)
 ((Gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))