SDRL- Announces filing of the initial listing document for its Brazilian subsidiary Seabras
Hamilton, Bermuda, December 14, 2011 - Seadrill Limited (the "Company")
announced today that Seabras ServiÃ§os de PetrÃ³leo S.A. ("Seabras"), its wholly-
owned indirect subsidiary, made an initial filing of a Reference Form
("FormulÃ¡rio de ReferÃªncia") with the Brazilian Securities and Exchange
Commission ("ComissÃ£o de Valores MobiliÃ¡rios" or "CVM") in connection with its
potential future initial public offering of common shares to be listed on the
Novo Mercado segment of the BM&FBOVESPA, the SÃ£o Paulo Stock Exchange.Â The
potential future offering of the common shares is subject to market and other
conditions, including the approval by, and registration of the common shares
with, the CVM.
This disclosure is for informational purposes and not an offer to buy or the
solicitation of an offer to sell any securities.Â In addition, the common shares
subject of the potential future offering by Seabras have not been, and will not
be, registered under the United States Securities Act and may not be offered or
sold in the United States absent registration or an applicable exemption from
registration requirements of the United States Securities Act and applicable
state securities laws.
This disclosure contains forward-looking statements.Â Forward-looking statements
are only predictions and are not guarantees of future performance.Â Investors
are cautioned that any such forward-looking statements are and will be, as the
case may be, subject to many risks, uncertainties and factors that may cause the
actual results to be materially different from any future results expressed or
implied in such forward-looking statements. The Company expressly disclaims a
duty to update any of the forward-looking statements.
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Seadrill Limited via Thomson Reuters ONE