Eurasia Drilling Places GDRs

摘要

Russia-focused Eurasia Drilling is to place the 11.6 million global depositary receipts (GDRs) it purchased in a recent share buyback scheme with new investors and will pay a one-off dividend of up to $150 million to shareholders from the resulting profit. The GDRs on offer, which are each equivalent to one share, amount to around 7.9% of the onshore drilling services provider. "The placing may be upsized through the sale of up to approximately 2.2 million existing GDRs held by certain minority shareholders of the company, representing a further approximately 1.5%," Eurasia said.