MANDATORY NOTIFICATION OF TRADE - ARNE FREDLY

25.01.2017 08:01

Reference is made to the stock exchange notice dated 25 January 2017 regarding a completed private placement of up to 220,297,158 new shares (the 'New Shares') in S.D. Standard Drilling PLC ('SDSD') for gross proceeds of approx. up to NOK 198.27 million (the 'Private Placement'). In the Private Placement, Arne Fredly, Board member, has been allocated 2,343,184 New Shares through Apollo Asset Ltd. at the subscription price of NOK 0.90 per New Share. Following completion of the Private Placement and issuance of the New Shares, Arne Fredly will hold, through Apollo Asset Ltd., 35,200,573 shares in SDSD, corresponding to 3.44% 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 25 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 25 January 2017 09:06:09 UTC.

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