Archer Limited : Grant of Restricted Stock Units
Hamilton, Bermuda (February 10, 2014)
The Board of Archer Limited has granted restricted stock units (RSUs) to members of its management team. The RSUs will vest 1/4 on 1 March for each of the next four years. The total number of RSUs issued is 6,370,000 which is also the total number of RSUs outstanding. There are no Primary Insiders amongst the recipients of these RSUs.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.