SDSD: NEW SHARE CAPITAL

SDSD: NEW SHARE CAPITAL

06.11.2017 14:01

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR TO U.S. NEWS WIRE SERVICES OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL SDSD: NEW SHARE CAPITAL Limassol, Cyprus, 6 November 2017 Reference is made to the announcement made on 1 November 2017 for the close of Tranche 1 of the Equity Offering in S.D. Standard Drilling Plc. ('SDSD' or the 'Company'). The Company will today issue a total of 145,432,069 new shares, thereby increasing the Company's share capital from US$ 10,700,640 to US$ 15,063,602 constituting an increase from 356,688,001 shares to 502,120,070 shares, each with a par value of US$ 0.03. The Offer Shares in Tranche 1 will be listed on Merkur Market under a separate ISIN number being CY0107450914 from and including 9 November 2017 and until an approval of a prospectus by the Norwegian Financial Supervisory Authority, expected mid-December 2017. Clarksons Platou Securities AS has acted as Sole Manager and Bookrunner in the Equity Offering. For further information please contact: General Manager Evangelia Panagide at [phone], or Chairman of the Board Martin Nes at [phone] *** This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.