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       US29843U2024

EURASIA DRILLING CO LTD

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Eurasia Drilling : Update on Dissenters pursuant to Merger

01/29/2016 | 06:29am EST

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

29 January 2016

EURASIA DRILLING COMPANY LIMITED

UPDATE ON DISSENTERS PURSUANT TO MERGER

Eurasia Drilling Company Limited (the 'Company') announces that, to date, it has reached a settlement with a number of its former GDR holders (previously holding a total of 2,349,199 GDRs in the Company) who had officially objected to the Company's recent merger. Such former GDR holders have agreed to settle at the original merger price of $11.75 cents per share.

***

Enquiries:

Eurasia Drilling Company Limited

Tom O'Gallagher, Marketing and Investor Relations

+44 (0) 207 717 9707

investors.relations@eurasiadrilling.com

Hudson Sander (media enquiries for the Company)

Andrew Hayes / Elena Garside

+44(0) 20 7796 4133

***

Previous: 18 November 2015: Notice of Cancellation of Listing from the Official List (LSE)

Eurasia Drilling Co. Ltd. issued this content on 29 January 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 29 January 2016 11:28:32 UTC

Original Document: http://www.eurasiadrilling.com/media-centre/news-releases/2016/1/29/update-on-dissenters-pursuant-to-merger/


© Publicnow 2016
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Managers and Directors
Alexander Djaparidze Chief Executive Officer & Director
Murat Sampiev President & Chief Operating Officer
Taleh Aleskerov Chief Financial Officer & Director
Alexander Nikolaevich Shokhin Chairman
Kypros Chrysostomides Director