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4-Traders Homepage  >  Equities  >  Nyse  >  Seadrill Ltd    SDRL   BMG7945E1057

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Seadrill Ltd : SDRL - Disclosure regarding Sevan Drilling ASA

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01/30/2013 | 05:10pm CET

Hamilton, Bermuda, January 30, 2013 - Seadrill Limited ("Seadrill") has received and accepted an attractive offer from a commercial bank to finance its current exposure to Sevan Drilling ASA ("Sevan") through a forward agreement. Seadrill has in connection with this sold its existing 96,000,000 shares and received a forward agreement with exposure to the same number of shares. The shares have been sold at NOK 3.95 per share. The forward agreement runs until 30 April 2013 and has a strike price of NOK 3.9851. Following the new agreement Seadrill are not longer directly owners of any shares in Sevan, but are exposed though forward agreements to 96,000,000 shares or 28,52 percent of the outstanding shares.

The total ownership percentage has been calculated based on an issued share capital in Sevan of 336,625,000 shares and do not include the issuance of the new planned private placement.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Seadrill Limited via Thomson Reuters ONE

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Financials ($)
Sales 2017 2 134 M
EBIT 2017 172 M
Net income 2017 -95,9 M
Debt 2017 8 574 M
Yield 2017 -
P/E ratio 2017 38,40
P/E ratio 2018
EV / Sales 2017 4,35x
EV / Sales 2018 4,54x
Capitalization 715 M
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Mean consensus UNDERPERFORM
Number of Analysts 12
Average target price 2,45 $
Spread / Average Target 70%
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John Fredriksen Chairman & President
Mark Morris Chief Financial Officer
Alexandra Kate Blankenship Independent Director
Georgina E. Sousa Secretary & Director
Paul Matison Leand Independent Director
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