Archer Limited – Disclosure of large shareholding
Reference is made to the stock exchange announcement made by Archer Limited ("Archer") on 20 April 2023 announcing Archer's new share capital following the issuance of 208,000,000 new common shares in Archer in connection with the conversion of a convertible loan (the "Conversion Shares"). As a result of the issuance of the Conversion Shares, the relative share ownership of Hemen Holding Ltd. ("Hemen") in Archer has been reduced below the 20% disclosure threshold. Hemen currently holds a total of 280,179,529 shares in Archer, representing 19.81% of the total number of shares and voting