Limassol, 29 December 2021
Reference is made to the stock exchange release as of 23 November 2021, where
the Company published that it had entered into a Memorandum of Agreement to sell
one (1) large Norwegian built Platform Supply Vessel, Standard Princess for USD
10.3 million.
The transaction was completed today on 29 December 2021. S.D Standard Drilling
Plc. has, through its subsidiary, Standard Princess AS, received the transaction
amount in full.
Following the sale, the Company will control, in addition to the investment
portfolio, directly and indirectly, a fleet of 7 PSVs