Brief: SD Standard Drilling to acquire 2,500,000 shares in New World Supply

SD Standard Etc

22/03/2017 06:53

March 22 (Reuters) - SD Standard Drilling Plc  SDSD.OL : 
    * Entered into an agreement with Royal London Asset 
Management to acquire 2,500,000 shares in New World Supply Ltd. 
    * As a consideration for 2,500,000 shares in nsw, SDSD will 
issue 35,000,000 new shares in SDSD to RLAM, each to a 
subscription price of 0.75 crowns per new share 
    * Company will hold approximately 23.3 pct of total 
outstanding shares in NWS subsequent transaction 
 
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