10/11-2017 08:14:24: (NODL.OAX) NORTHERN DRILLING LTD. - DISCLOSURE OF TRADE
Reference is made to the stock exchange release by Northern Drilling Ltd. (NODL)
(the "Company") on November 10, 2017 regarding the private placement (the
"Private Placement") of 31,750,000 new shares in the Company, raising proceeds
of NOK 2,032,000,000 (approximately USD 250,000,000).
Hemen Holdings Ltd. ("Hemen"), a company indirectly controlled by trusts
established by Mr John Fredriksen for the benefit of his immediate family and
affiliated with Greenwhich Holdings Limited ("Greenwich"), the Company's largest
shareholder, was allocated 8,257,000 shares in the Private Placement at a
subscription price of NOK 64 per share. Hemen does not hold other shares in the
Company. Greenwich holds 23,000,100 shares in the Company, and following
completion of the Private Placement Greenwich and Hemen will own in aggregate
31,257,100 shares in the Company, equaling approximately 40.20 per cent of the
Company's common shares and votes.
This disclosure is made pursuant to section 4-2 and 4-3 of the Norwegian
Securities Trading Act.
Ekstern link: http://www.newsweb.no/index.jsp?messageId=438419
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