OOO Burovoya Kompaniya Eurasia (BKE) is the largest onshore drilling contractor in Russia
, October 08, 2015
Receipt of Merger Proposal - Clarification
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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.
Hudson Sander (media enquiries for the Company)
Andrew Hayes / Elena Garside +44(0) 20 7796 4133
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