SAGA - Contemplated secondary placing of SDSD shares
Oslo, 19 October 2020. Saga Tankers ASA ("Saga Tankers" or the "Company") has engaged Fearnley Securities, ("Fearnleys" or the "Manager") for a contemplated sale of up to 105,846,245 existing shares in S.D. Standard Drilling Plc ("SDSD"), representing around 18.4 percent of the issued share capital and voting rights in SDSD (the "Transaction"). The Transaction will be structured as an accelerated book-building process towards the 30 largest shareholders of Saga Tankers, representing 92.3% of the shareholders in Saga Tankers. The book-building process will commence following the