, October 08, 2015

Receipt of Merger Proposal - Clarification

Email Page

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

8 October 2015

EURASIA DRILLING COMPANY LIMITED

RECEIPT OF MERGER PROPOSAL - CLARIFICATION

Eurasia Drilling Company Limited (the "Company") announced this morning that it had received an offer for a potential merger with the intention to take the Company private (the "Merger Proposal") and that the Board of Directors had formed a special committee (the "Special Committee") of independent non-executive directors of the Company to consider the Merger Proposal and negotiate on behalf of the Board the terms of a potential merger.

The Special Committee has asked the Company to clarify that the views regarding the Company and the Merger Proposal which are expressed in today's earlier announcement are the views of the management and core shareholders who have put forward the Merger Proposal, not those of the Special Committee, which has not yet formed a view on the merits of the Merger Proposal.  

__________________________________________________________________________________

Enquiries:

Hudson Sander (media enquiries for the Company)

Andrew Hayes / Elena Garside +44(0) 20 7796 4133

 

Next: 08 October 2015: Appointment of Directors