Awilco Drilling PLC (AWDR) announces that on 24 December 2013, the following primary insiders have exercised synthetic share options and synthetic shares in AWDR under the Synthetic Share Option Plan at a price of NOK 125 based on the closing price on 23 December 2013:
Jon Oliver Bryce, CEO, exercised 25,742 synthetic share options with a strike price of NOK 29 and 20,454 synthetic shares. The synthetic shares relates to dividend adjustments on the synthetic share options. After the transaction, Jon Oliver Bryce holds 124,416 synthetic share options with a strike price of 29 NOK and 50,419 synthetic shares.
Roddy Smith, EVP, exercised 35,110 synthetic share options with a strike price of NOK 29 and 14,315 synthetic shares. The synthetic shares relates to dividend adjustments on the synthetic share options. After the transaction, Roddy Smith holds 70,000 synthetic share options with a strike price of 29 NOK and 35,296 synthetic shares.
Aberdeen, 26 December 2013
For further information please contact:
Jon Oliver Bryce, CEO
Phone: +44 1224 737900
Cathrine Haavind, IR Manager
Phone: +47 93 42 84 64
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.