Awilco Drilling PLC – Change of ISIN and method of VPS registration – reverse split - transfer of listing to Euronext Growth – contemplated private placement
12 Décembre 2022 - 4:13PM
Awilco Drilling PLC – Change of ISIN and method of VPS registration
– reverse split - transfer of listing to Euronext Growth –
contemplated private placement
Reference is made to the announcement on 23
November 2022 that Awilco Drilling PLC ("Awilco Drilling") intended
to apply for a transfer of its listing from Oslo Børs to Euronext
Growth Oslo and to the announcement on 1 November 2022 that Awilco
Drilling will change its structure of VPS registration to Sponsored
Norwegian Depository Receipts ("SNDRs").
The first day of trading on Euronext Growth Oslo
is expected to occur on 16 December 2022 and the last day of
trading on Oslo Børs is expected to be on 15 December 2022.
Following the listing on Euronext Growth Oslo,
Awilco Drilling expects to carry out an equity offering of approx.
USD 10 million, expected to be structured as combination of a
private placement and a subsequent repair offering.
As from the first day of trading on Euronext
Growth Oslo, Awilco Drilling will change the form of registration
of its securities with Euronext Securities Oslo (the "VPS") from
SSL registration of beneficial interests in Awilco Drilling's
shares to SNDRs representing Awilco Drilling's shares. This will
also result in a change of ISIN. As described in the press related
dated 1 November 2022, the change of registration to SNDRs is
necessary as a result of the implementation of the EU Central
Securities Depositories Regulation (Regulation EU no 909/2014) in
Norway.
Key information relating to change to SNDRs and
related change of ISIN:
Issuer name: Awilco Drilling PLC
Issuer of the SNDRs: Nordic Issuer Services
AS
Last day of trading under previous ISIN and on
SSL registration basis: 15 December 2022
First day of trading under new ISIN and as
SNDRs: 16 December 2022
Date of ISIN change: 16 December 2022
Previous ISIN: GB00B5LJSC86
New ISIN: NO0012740218
Further, due to technical reasons, Awilco
Drilling will be traded with temporary ticker code AWDRT as from 15
December 2022. As from 16 December 2022, Awilco Drilling will be
traded with the ordinary ticker code AWDR.
Following the change of registration to SNDRs,
the 100:1 reverse share split approved at the extraordinary general
meeting on 8 December 2022 will be implemented. This will entail a
new change of ISIN.
Key information relating to the reverse
split:
Issuer name: Awilco Drilling PLC
Issuer of the SNDRs: Nordic Issuer Services
AS
Reverse split ratio: 100 old SNDRs give 1 new
SNDR (100:1)
Last day including right - reverse split: 19
December 2022
Ex date - reverse split: 20 December 2022
Record date for reverse split: 21 December
2022
Date on which reverse split was approved: 8
December 2022
Previous ISIN: NO0012740218
New ISIN: NO0012785098
Date of ISIN change: 20 December
The above time line is subject to the admission
to trading to Euronext Growth Oslo taking place on 16 December 2022
as planned. In case of any delay in the timeline, updated
information will be provided.
The issuer of the SNDRs will be Nordic Issuer
Services AS, which is Awilco Drilling's issuer account operator in
the VPS. Nordic Issuer Services AS will continue to be registered
as the nominal holder of all the shares of Awilco Drilling.
Sponsored Norwegian Depository Receipts ("SNDR")
issued in the ES-OSL register have certain limitations and risks.
You can read more about these limitations and risks in Nordic
Issuer Services AS' general business terms available at
www.nordicissuer.com. A service description for SNDRs is available
at www.euronextvps.no. A copy of the terms and conditions of the
Sponsored Norwegian Depository Receipts for Awilco Drilling is
attached to this notice, and the terms and conditions are also
available at the website of Awilco Drilling,
www.awilcodrilling.com.
The holders of SNDRs must look solely Nordic
Issuer Services, as the issuer of the SNDRs, for payment of
dividends, the exercise of voting rights and for all other rights
arising in respect of the underlying shares in Awilco Drilling, on
the basis of which the SNDRs are issued.
Aberdeen, 12 December 2022
For further information, please contact:
Eric Jacobs, Interim CEOPhone: +44 1224 737900
Cathrine Haavind, Investor RelationsPhone: +47 93
42 84 64Email: ch@awilcodrilling.com
(mailto:ch@awilcodrilling.com)
This information is subject of the disclosure
requirements pursuant to section 5-12 of the Norwegian Securities
Trading Act.
- Terms and conditions AWDR agreement with account operator and
issuer NIS
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