Brief: SD Standard Drilling buys 2.9 pct shares in New World Supply

SD Standard Etc

03/04/2017 11:06

April 3 (Reuters) - SD STANDARD DRILLING PLC  SDSD.OL :  
    * SAID ON SATURDAY, INCREASES OWNERSHIP IN SIX MID-SIZE PLATFORM SUPPLY VESSELS 
    * ENTERED INTO AGREEMENTS WITH HOF-HOORNEMAN BANKIERS NV AND ULF JOHAN RIEBER TO BUY TOTAL 
OF 933,143 SHARES IN NEW WORLD SUPPLY (NWS) 
    * TRANSACTION CORRESPONDS TO ABOUT 2.9 PERCENT OF TOTAL OUTSTANDING SHARES IN NWS 
    * AFTER TRANSACTION WILL HOLD ABOUT 26.2 PERCENT OF TOTAL OUTSTANDING SHARES IN NWS 
    * AS CONSIDERATION FOR SHARES IN NSW, SDSD WILL ISSUE 4 MILLION AND 9.1 MILLION NEW SHARES 
IN SDSD TO HOF-HOORNEMAN AND RIEBER RESPECTIVELY, EACH TO SUBSCRIPTION PRICE OF 0.75 NORWEGIAN 
CROWNS PER NEW SHARE 
 
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nObiYTZ2Pa 
     
 Further company coverage:  SDSD.OL   
    
 
 
 (Gdynia Newsroom) 
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