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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: 21 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
(https://nordicissuer.com/General_business_terms_and_conditions_English.pdf).
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 (Share and Share Price Information - Awilco Drilling).
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, 13 December 2022
For further information, please contact:
Eric Jacobs, Interim CEO
Phone: +44 1224 737900
Cathrine Haavind, Investor Relations
Phone: +47 93 42 84 64
Email: 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.
Kilde
