Withdrawal of Securities from the Luxembourg Stock Exchange, Euro MTF market

19 July 2016
Company announcement no. 6/2016

Withdrawal of Securities from the Luxembourg Stock Exchange, Euro MTF market


Martin Skovbjerg, CLO
+ (45)- 2633-5357

Michael Krabbe, CFO

The Board of Directors of Welltec® has decided to commence on the withdrawal of the securities ISIN US950399AA37 & USK9897UAA62 (the “Securities”) from listing at the Luxembourg Stock Exchange, Euro MTF market, given the Securities predominantly are traded over the counter “OTC” via international banks, where liquidity and pricing quotes are available.

The withdrawal will become effective on October 20th 2016, three months following the date of this company announcement, after which the Securities will no longer be eligible for trading on the Euro MTF market. Furthermore, upon the withdrawal becoming effective Welltec® will no longer publish company announcements via the Luxembourg Stock Exchange nor adhere to the reporting requirements governing listed securities.

Finally, Welltec® has consulted Citibank in their capacity as Trustee in order to ensure the request for withdrawal remains in full compliance with prevailing loan documentation, and governing market standards.

For further information, please contact:
Martin Skovbjerg, CLO
Michael Krabbe, CFO

About Welltec®
Welltec® is a leading provider of well intervention services to the oil and gas industry using robotic technology. We are also expanding into well completion products and solutions. Our services and solutions enhance well production performance and increase the amount of recoverable oil and gas reserves in reservoirs. We provide our services and solutions for onshore and offshore oil and gas wells and operate in deepwater, subsea, Arctic, high-yield, heavy oil, geothermal and unconventional environments as well as conventional environments. We operate in all hydrocarbon producing areas and had in 2015 and average of 894 dedicated employees across 29 countries. For the twelve months ended December 31, 2015, we had revenues and EBITDA of approximately USD 246 million and USD 96 million, respectively.