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Awilco Drilling PLC

Major Shareholding Notification • Feb 24, 2021

3547_dirs_2021-02-24_011e9a20-8fda-400f-a9f0-07f40a942b7e.html

Major Shareholding Notification

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AWILCO DRILLING PLC (AWDR) – DISCLOSURE OF SHAREHOLDINGS

On 19 February 2021, funds managed by QVT Financial LP (“QVT”) purchased in the open market 9,423 shares in Awilco Drilling Plc (“Awilco Drilling”) at a price of NOK 3.78 per share.

Following the aforementioned transactions, funds managed or otherwise deemed controlled by QVT hereafter own a total of 4,770,292 shares in Awilco Drilling, or 8.74% 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.