Brief: Saga Tankers Sells Entire Holding In SD Standard Drilling

SD Standard Etc

20/10/2020 08:24

Oct 20 (Reuters) - SD Standard Drilling PLC  SDSD.OL :
    * SAID ON MONDAY SAGA TANKERS ASA, COMPANY CONTROLLED BY
ØYSTEIN
STRAY SPETALEN, SOLD ALL OF ITS HOLDING IN THE COMPANY IN A
PRIVATE PLACEMENT TOWARDS ITS MAJOR SHAREHOLDERS 
    * HOLDING CORRESPONDING TO 105.8 MLN SHARES AND REPRESENTING
18.4%
OF THE COMPANY AT NOK 0.65 PER SHARE
    * TYCOON INDUSTRIER AS, COMPANY CONTROLLED BY ØYSTEIN STRAY
SPETALEN, PURCHASED 90.2 MLN SHARES IN THE COMPANY AT NOK 0.65
PER SHARE
    * AFTER TRANSACTIONS, ØYSTEIN STRAY SPETALEN AND ASSOCIATED
COMPANIES HAVE TOTAL HOLDING OF 129.1 MLN SHARES AND VOTES IN
THE COMPANY, CORRESPONDING TO 22.42% OF THE OUTSTANDING SHARES

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nObi9364Ha
    
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