Archer Limited : Mandatory notification of trade
Hamilton, Bermuda (March 4, 2015)
In connection with Archer's ("the Company") Long Term Incentive Plan, 1,358,750 shares have been granted to the Company's management team on March 3, 2015 at a price of NOK 2.2989 per share as settlement for restricted stock units ("RSU's"). The Company has used treasury shares for settlement.
After these transactions the Company has a holding of 91,250 treasury shares. Tthe number of outstanding RSU's is 4,321,250 and the number of outstanding options is 20,492,857.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.