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BRIEF-Trinidad Drilling Says No Formal Offer Made By Ensign Energy For Co's Common Shares

Published 2018-08-13, 02:18 p/m
© Reuters.  BRIEF-Trinidad Drilling Says No Formal Offer Made By Ensign Energy For Co's Common Shares
TDG
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Aug 13 (Reuters) - Trinidad Drilling Ltd TDG.TO :

* TRINIDAD RESPONDS TO ANNOUNCEMENT OF ENSIGN'S INTENTION TO MAKE AN UNSOLICITED OFFER FOR TRINIDAD

* TRINIDAD DRILLING - CONFIRMS IS AWARE OF ANNOUNCEMENT BY ENSIGN ENERGY SERVICES OF INTENTION TO MAKE UNSOLICITED TAKE-OVER BID FOR COMMON SHARES OF CO

* TRINIDAD DRILLING LTD - BOARD HAS CONSTITUTED A SPECIAL COMMITTEE OF INDEPENDENT DIRECTORS TO ASSIST BOARD IN PROCESS

* TRINIDAD DRILLING LTD - "CAUTIONS THAT NO FORMAL OFFER HAS BEEN MADE FOR TRINIDAD'S COMMON SHARES"

* TRINIDAD DRILLING LTD - ADVISES SHAREHOLDERS NOT TO TAKE ANY ACTION UNTIL THEY HAVE RECEIVED FURTHER COMMUNICATION FROM TRINIDAD'S BOARD

* TRINIDAD DRILLING LTD - ENSIGN ADVISED TRINIDAD THAT IT DID NOT WISH TO PARTICIPATE IN TRINIDAD'S STRATEGIC REVIEW PROCESS

* TRINIDAD DRILLING - ENSIGN ENERGY SERVICES' UNSOLICITED TAKE-OVER BID FOR OUTSTANDING COMMON SHARES OF CO IS AT PRICE OF $1.68 IN CASH/COMMON SHARE

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