Brief: SD Standard Drilling private placement oversubscribed

SD Standard Etc

09/12/2016 07:04

Dec 9 (Reuters) - SD Standard Drilling PLC  SDSD.OL : 
    * Has received binding orders for subscription of 423,076,924 shares at price of 0.65 
Norwegian crown ($0.077) per share, corresponding to gross proceeds of 275 million crowns 
    * Private placement was significantly oversubscribed 
    * Will, subject to completion of private placement, launch subsequent offering of up to 9.5 
million ordinary shares at 0.65 crown per share directed towards shareholders as of Dec. 8 
    * Clarksons Platou Securities AS has acted as sole manager and bookrunner in private 
placement 
 
Source text for Eikon:  ID:nObiLYvvna  
Further company coverage:  SDSD.OL  
 
($1 = 8.4397 Norwegian crowns) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))