Awilco Drilling PLC — Major Shareholding Notification 2021

Feb 24, 2021

AWILCO DRILLING PLC (AWDR) – DISCLOSURE OF SHAREHOLDINGS

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.