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AWILCO DRILLING PLC:
Posted on Monday January 15, 2024
Awilco Drilling Plc: Keppel to apply for permission to appeal the second arbitration case Further to the stock exchange release of 23 November 2023 from Awilco Drilling PLC ("Awilco Drilling") regarding the ruling of the arbitration tribunal in favour of Awilco Rig 2 Pte. Ltd. ("AR2"), the Company has today been advised that Keppel FELS Limited ("KFELS") have lodged an application for leave to appeal the award of the tribunal with the High Court. We will revert once the High Court has made a dec
Awilco Drilling PLC: Ruling of the second arbitration case
Posted on Thursday November 23, 2023
Reference is made to the Half-Year Report 2023 and the stock exchange release of 14 March 2023 from Awilco Drilling PLC (“Awilco Drilling”) regarding the termination of the newbuilding contract between Awilco Rig 2 Pte. Ltd. (“AR2”) and Keppel FELS Limited (“KFELS”) for the construction of a semi-submersible drilling rig, hull number B382. Today, the Company has received the arbitration tribunal ruling which is in AR2’s favour in an amount of USD 43.0 million plus interest and legal costs. The t
Awilco Drilling PLC: Capital Reduction Process Completed
Posted on Wednesday November 15, 2023
Reference is made to our press release of 20 July 2023 from Awilco Drilling PLC (“Awilco Drilling”) regarding the resolution passed in the General Meeting to reduce the issued share capital of Awilco Drilling by cancelling and extinguishing paid-up capital of 63 pence on each issued fully paid up ordinary share of 65 pence each and reducing the nominal value of each issued fully paid up ordinary share from 65 pence to 2 pence (the "Share Capital Reduction"). The Share Capital Reduction has now b
Correction: Awilco Drilling Plc: New Sponsored Norwegian Depository Receipts (SNDRs) issued
Posted on Friday September 15, 2023
Aberdeen, 14 September 2023 Reference is made to the stock exchange notice from Awilco Drilling PLC ("Awilco Drilling" or the "Company") on 22 August 2023 announcing the Subsequent Offering of up to 469,400 new Sponsored Norwegian Depository Receipts (SNDRs) in the Company at a subscription price of NOK 9 per SNDR (the "Subsequent Offering") and the corresponding issuance of new shares. The subscription period for the Subsequent Offering ended on 5 September and on 14 September 2023, the 469,400