Awilco Drilling PLC: Change of issuer account operator
November 01 2022 - 9:32AM
Awilco Drilling PLC: Change of issuer account operator
Since its original listing in 2011, the shares
of Awilco Drilling PLC ("Awilco Drilling") have, in accordance with
established market practice in the Norwegian market, been
registered in Euronext Securities Oslo (the "VPS") by way of SSL
registration, under which DNB Verdipapirservice, as the account
operator of Awilco Drilling, has been registered as the nominal
holder of all the shares of Awilco Drilling in the register of
members, and beneficial interests representing the shares have been
issued in the VPS.
As a result of the implementation of the EU
Central Securities Depositories Regulation (Regulation EU no
909/2014), the SSL method of registration will no longer be
permitted in Norway. Awilco Drilling has explored various
alternatives for maintaining the VPS registration, and has
concluded that the only feasible alternative is to structure the
VPS registration by way of Norwegian Depository Receipts.
Since DNB Verdipapirservice currently does not
offer Norwegian Depository Receipts as a product, Awilco Drilling
will terminate the current registrar agreement with DNB
Verdipapirservice effective from 1 November 2022 and has entered
into a new registrar agreement with Nordic Issuer Services AS
effective from the same date. Accordingly, Nordic Issuer Services
AS will be the issuer account operator of Awilco Drilling from 1
November 2022, and will from this date be registered as the nominal
holder of all the shares of Awilco Drilling in the register of
members.
The change from SSL registration to registration
of Norwegian Depository Receipts has not yet been implemented, but
will be so before the deadline for ceasing SSL registration. Awilco
Drilling will revert with further information once the time for
change to Norwegian Depository Receipts has been determined.
Aberdeen, 1 November 2022
For further information, please contact:
Eric Jacobs, Interim CEOPhone: +44 1224
737900Cathrine Haavind, Investor RelationsPhone: +47 93 42 84
64Email: ch@awilcodrilling.comThis information is subject of the
disclosure requirements pursuant to section 5-12 of the Norwegian
Securities Trading Act.
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