On 22 August 2018, funds deemed controlled by QVT Financial LP ("QVT") purchased in the open market 3,288 shares in Awilco Drilling Plc ("Awilco Drilling") at a price of NOK 39.19 per share.
Following the aforementioned transaction, funds managed or otherwise deemed controlled by QVT hereafter own a total of 4,117,546 shares in Awilco Drilling, or 8.4% of the registered share capital. QVT's CEO and founder, Dan Gold, is a member of the board of directors of Awilco Drilling.
For further information, please contact Meg Eisner at QVT Financial LP at +1 (212) 705-6229.