S.D. STANDARD DRILLING PLC: KEY INFORMATION RELATING TO THE REVERSE SPLIT TO BE CARRIED OUT

03.05.2017 12:25

Limassol, May 3, 2017 We refer to the published minutes from the general meeting of shareholders of S.D. Standard Drilling PLC held today (the 'Minutes'). Below is an overview of the key information relating to the resolved reverse split to be carried out in accordance with item 1 under 'Special Business' of the Minutes: Date on which the corporate action was made public: 10 April 2017 Reverse split ratio: 3 old shares give 1 new share, rounded up to the nearest whole share Last day including right: 4 May 2017 Ex-date: 5 May 2017 Record Date: 8 May 2017 Date of approval: 3 May 2017 For further information please contact: General Manager Evangelia Panagide at +357 99 77 11 16, or Chairman of the Board Martin Nes at +47 92 01 48 14 *** This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

S.D. Standard Drilling plc published this content on 03 May 2017 and is solely responsible for the information contained herein.
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