Hemen Holding Ltd, which is indirectly controlled by trusts
established by John Fredriksen
for the benefit of his immediate family, has extended TRS
agreements relating to 3.9 million
shares in Seadrill Limited. The new expiration of the TRS
agreements is September 6th, 2017.
The exercise price on the agreements is NOK 3.888 per share.
Hemen Holding Ltd's affiliated
ownership in Seadrill is following this transaction
unchanged 119,097,583 shares, constituting 23,41
percent of the issued share capital. In addition, Hemen
Holding hold TRS agreements with exposure to
3,900,000 shares in Seadrill Limited.