1 Sep 2011 13:20
Schlumberger Limited AnnouncesListing of Additional Shares on London Stock Exchange
London, September 1, 2011 -- As previously announced, Schlumberger Limited acquired Smith International, Inc. in August 2010, in an all-stock transaction. As a result, Smith became a wholly owned subsidiary of Schlumberger. Application has been made to the UK Listing Authority and the London Stock Exchange for the listing of 100,000,000 shares of common stock of par value US$0.01 each, to be admitted to the Official List, and for such shares to be admitted to trading on the main market of the London Stock Exchange. Such number of shares represents the number of newly-issued shares issued in connection with the acquisition. It is expected that admission for this stock in London will commence on September 2, 2011.
About SchlumbergerSchlumberger is the world's leading supplier of technology, integrated project management and information solutions to customers working in the oil and gas industry worldwide. Employing approximately 110,000 people representing over 140 nationalities and working in approximately 80 countries, Schlumberger provides the industry's widest range of products and services from exploration through production.
Schlumberger Limited has principal offices in Paris, Houston and The Hague and reported revenues of $27.45 billion in 2010. For more information, visit www.slb.com.
###
Copyright Business Wire 2011