HAMILTON, NORWAY, Jun 04 (MARKET WIRE) —
Hamilton, Bermuda, June 4, 2010 – On May 31, 2010, Seadrill Limited
(“Seadrill”) announced the acquisition of a further 9,071,948 shares in
Scorpion Offshore Limited (“Scorpion”) taking its total holding to
45,010,851 shares, representing 50.11 percent of the issued shares in
As a consequence of the above, Seadrill hereby announces a new mandatory
offer for all of the remaining shares in Scorpion as required by the
Norwegian Securities Trading Act (the “New Offer”).
The offer price in the New Offer is NOK 40.50 per share.
The acceptance period for the New Offer expires on July 16, 2010, at 17:30
Settlement of the New Offer will take place on July 30, 2010 at the
For more detailed information on Scorpion and Seadrill, please refer to
the Mandatory Offer document dated May 10, 2010 describing the original
offer (the “Original Offer”) previously circulated to the shareholders in
Scorpion and available on www.seadrill.com and www.carnegie.no.
Shareholders in Scorpion are free to choose between the Original Offer and
the New Offer.
Shareholders who have not, as of today, accepted the Original Offer and
who wish to accept the New Offer are requested to use the acceptance form
attached hereto and submit this to Carnegie ASA before 17:30 CET on July
Shareholders who have already submitted an acceptance form in relation to
the Original Offer will, unless they contact Carnegie ASA, be assumed to
have transferred their acceptance to the New Offer and will thus be
entitled to receive the offer price of NOK 40.50 per share on the terms of
the New Offer.
Shareholders who wish to accept the Original Offer are requested to
contact Carnegie ASA.
This message will be mailed to all shareholders in Scorpion on record on
June 1, 2010.
VP Investor Relations
Seadrill Management AS
+47 51 30 99 19
This information is subject of the disclosure requirements acc. to
Section 5- 12 vphl (Norwegian Securities Trading Act)
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