Archer Limited : Share capital increase

Hamilton, Bermuda (December 30, 2011) Archer Limited has issued 228,620 new shares, pursuant to the previously announced Settlement with Dissenting Allis-Chalmers Stockholders on November 9. The authorized share capital of Archer Limited is USD 1,200,000,000 divided into 600,000,000 common shares of par value USD 2.00 each. Fully paid and outstanding share capital of Archer Limited following […]

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Archer Limited – Financial Calendar 2012

Hamilton, Bermuda (December 20, 2011) Archer Limited plans to release its financial statements on the following dates in 2012: 29 February 2012 – Preliminary fourth quarter and financial year 2011 results 31 May 2012 – First quarter 2012 results 31 August 2012 – Second quarter 2012 results 30 November 2012 – Third quarter 2012 results […]

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Archer Limited – Supplementary financial information

Hamilton, Bermuda (December 1, 2011) In order to provide a better understanding of its financial  performance by reporting segment, Archer Limited has provided an overview of its historical Pro Forma non GAAP financial measures in the investor relation section of Archer’s webpage at http://www.archerwell.com/page/44/shareholder-information.htm.  This comparison includes historical results of companies which have been acquired […]

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Archer Limited – Mandatory notification of trade

On November 23, 2011, Mr. Thorleif Egeli, Chief Operating Officer & EVP and primary insider of Archer Limited, purchased 10,000 shares at an average price of NOK 16.2476 per share in Archer Limited. After this transaction, Mr. Thorleif Egeli holds directly and indirectly 41,500 shares and 1,000,000 stock options in Archer Limited. This information is […]

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Archer Limited – Mandatory notification of trade

On November 23, 2011, Mr. Christoph Bausch, Executive Vice President & CFO and primary insider of Archer Limited, purchased 10,000 shares at an average price of NOK 17.35 per share in Archer Limited. After this transaction, Mr. Christoph Bausch holds directly and indirectly 20,000 shares and 400,000 stock options in Archer Limited. This information is […]

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Archer Limited Third Quarter 2011 Results

Hamilton, Bermuda (November 22, 2011)  Third Quarter Highlights             Third quarter revenue of $ 505.4 million. Third quarter EBITDA of $ 76.1 million. Non-GAAP operating EBITDA at $ 81.1 million, excluding $ 5.0 million of merger related costs. Net income for the quarter of $ 45.6 million including $ 5.0 million of merger related costs   Third […]

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ARCHER : Approval of prospectus for introducing new shares for trading on Oslo Børs

Hamilton, Bermuda (November 14, 2011) The Financial Supervisory Authority of Norway (“Finanstilsynet”) has approved the prospectus dated November 14, 2011 in connection with the listing of 30,240,120 new shares on Oslo Børs, out of which 30,000,000 shares have been issued at a subscription price of NOK 30 per share, and 240,120 shares will be issued […]

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Archer Limited – Option awards

Hamilton, Bermuda (November 9, 2011) The Board of Archer Limited has granted Mr. Christoph Bausch and Mr. Max Bouthillette 100,000 share options each at a subscription price of NOK 21.91 per share. The options will vest 1/5 on January 1 of each year during the option term. The options have a term life from the […]

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Archer Limited Announces Settlement with Dissenting Allis-Chalmers Stockholders

Hamilton, Bermuda (November 9, 2011) Archer Limited announced today that it has entered into a settlement agreement with certain former stockholders (the “Dissenting Stockholders”) of Allis-Chalmers Energy Inc and the settlement has been approved by the Delaware Court of Chancery.  In connection with the settlement agreement, Archer will issue an aggregate of 228,620 common shares […]

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