Greka Drilling First Day Trading
Greka Drilling First Day Trading
08 March 2011
The Board of Greka Drilling Limited (AIM:GDL), one of the leading independent companies involved in the provision of CBM drilling services in China, is pleased to announce that, following the approval of the Demerger at the EGM of Green Dragon held yesterday, trading in Greka Drilling Shares is expected to commence on AIM at 8.00 a.m. today.
The Demerger Dividend involves the distribution of 398,245,758 Ordinary Shares (representing 100% of Greka Drilling’s issued Ordinary Shares) to Green Dragon Shareholders. CREST accounts of Green Dragon Shareholders will be credited with Greka Drilling Shares at 8.00 a.m. today and share certificates are expected to be despatched to Green Dragon Shareholders who hold their shares in certificated form by 15 March 2011.
Certain capitalised terms in this announcement are as defined in the Greka Drilling admission document dated 16 February 2011. For further information on Greka Drilling, please refer to the website at www.grekadrilling.com or contact:
Stephen Hill, VP Corporate Communications | +852 3710 0108 |
Dr Azhic Basirov / David Jones | +44 20 7131 4000 |
Robert Collins / Tim Redfern/ Anu Tayal | +44 20 7071 4312 |
Paul Connolly / John Dwyer / Steve Baldwin | +44 20 3037 2000 |
James Henderson / Nick Lambert | +44 20 7861 3232 |