Zman Market Timing Message Board

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Strategies & Market Trends : Zman Market Timing

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To: Fintas who wrote (4797)	12/4/2014 1:37:16 PM
From: SGJ	Read Replies (2) of 15903

Read this and tell me what it means for DRYS/ORIG. Fintas Hamilton, Bermuda, December 4th, 2014- Seadrill Limited ("Seadrill") has settled a Total Return Swap agreement (TRS) expiring on December 3, 2014 with 4,000,000 common shares in Seadrill Limited as underlying security. Seadrill has subsequently entered into a new TRS agreement with exposure to 4,000,000 Seadrill Limited common shares. The expiry date for the new TRS is March 3, 2015 and the reference price is NOK96.0243 per share. Seadrill currently has a holding of 318,740 of its own treasury shares. This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. What does it mean? TIA

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