Archer Limited: Grant of Restricted Stock Units
Hamilton, Bermuda (October 1, 2018) Archer Limited ("Archer" or the "Company") announces that the Board of Directors has granted restricted stock units (RSUs) to members of its management team. On Monday October 1, 2018 a total number of 1,927,500 RSUs were granted. The RSUs entitle the recipient to receive one common share for each RSU awarded. The RSUs are non-transferable and one third of the award will vest and be delivered on each of the first three anniversaries following the date of the award provided the employee remains employed at vesting. The total number of RSUs and options