Reference is made to the stock exchange notice dated 13 January 2017 regarding a Subsequent Offering of up to 9,500,000 new shares (the "New Shares") in S.D. Standard Drilling PLC ("SDSD") for gross proceeds of approx. up to NOK 6,175,000 and the today's stock exchange notice regarding completion of the Subsequent Offering.

In the Subsequent Offering, Yiannis Panagides, close related to General Manager Evangelia Panagides, has been allocated 344,920 New Shares at the subscription price of NOK 0.65 per New Share.

Following completion of the Subsequent Offer and issuance of the New Shares, Yiannis Panagides will hold, 558,520 shares in SDSD, corresponding to 0.07% of the total outstanding share capital.

* * *

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)

SD Standard Drilling plc published this content on 23 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 23 January 2017 08:10:01 UTC.

Public permalinkhttp://www.publicnow.com/view/E0F7C45D2D9F4144D9AE6790133813152764235D