Seadrill Limited — Delisting Announcement 2022

Apr 26, 2022

Oslo Børs has resolved to admit the shares of Seadrill Limited to trading on Euronext Expand.

Oslo Børs has resolved to admit the shares of Seadrill Limited to trading on Euronext Expand.

The company is granted an exemption from the requirement of 25% spread of share ownership cf. Oslo Rulebook II – Issuer Rules section 3.1.4.1, cf. Rulebook I 6302/1 (i). The dispensation is granted due to the Chapter 11 restructuring which the company recently emerged from, and the fact that the business of the company already is listed. It is further expected that the company will fulfill the requirement for share spread within a short time after the admission to trading. The dispensation is subject to a minimum spread of share ownership of 13.85 % on the first day of trading. Based on an overall assessment, Oslo Børs considers the dispensation from the listing requirement regarding 25% spread of share ownership to be in the interest of the general public and investors.

It is stipulated that the company prior to the first day of admission to trading satisfies the other admission requirements for Oslo Børs.

The President and CEO of Oslo Stock Exchange determines the first day of listing, no later than 27 June 2022.