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BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR OTHER MEASURES. THIS ANNOUNCEMENT
DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.
Aberdeen, 5 September 2023
Reference is made to the stock exchange notice from Awilco Drilling Plc ("Awilco
Drilling" or the "Company") on 22 August 2023 regarding the start of the
subscription period in the subsequent offering (the "Subsequent Offering") of up
to 469,400 new sponsored Norwegian depository receipts (the "Offer Shares") at a
subscription price of NOK 9 per Offer Share (the "Offer Price").
The subscription period in the Subsequent Offering (the "Subscription Period")
will expire today, 5 September 2023, at 16:30 hours (CEST). Subscription rights
that are not used to subscribe for Offer Shares before the expiry of the
Subscription Period will have no value and will lapse without compensation to
the holder.
The terms and conditions for the Subsequent Offering are set out in a
shareholder letter which is available on the Company's website:
https://awilcodrilling.com/shareholders/.
Clarksons Securites AS is acting as sole manager of the Subsequent Offering and
Nordic Issuer Services AS is acting as settlement agent for the Subsequent
Offering. Advokatfirmaet Wiersholm AS is acting as Norwegian legal counsel to
Awilco Drilling.
For further information about the Subsequent Offering please contact:
Truls Chr. Trøan, Head of Investment Banking, Clarksons Securities AS:
+47 41 40 19 37
Erik Jacobs, CEO of Awilco Drilling