Hamilton, Bermuda (October 2, 2019)
In connection with Archer’s long term incentive program 588,286 restricted stock units (“RSUs”) have vested and the same amount of common shares have been distributed to Archer employees.
In connection with the vesting of RSUs, Archer Limited has issued 588,286 common shares. The authorized share capital of Archer Limited is USD 10,000,000 divided into 1,000,000,000 common shares of par value USD 0.01 each. Fully paid and outstanding share capital of Archer Limited following the share capital increase is USD 1,480,502.98 consisting of 148,050,298