Reference is made to the announcement on
Archer currently owns approximately 28.1% of the shares in the NYSE listed oilfield service company QES. Archer believes the Transaction will create value for all stakeholders and has entered into a voting- and support agreement in favor of the Transaction. Following a successful closing of the Transaction, Archer will own approximately 11.5% of the combined company. The closing of the merger is conditioned, amongst other, by shareholder approval in both QES and KLXE.
For further information about QES, KLXE and the Transaction please see details on KLXE or QES websites:
https://investor.klxenergy.com/ and https://ir.quintanaenergyservices.com/.
Enquiries related to the transaction should be directed directly to QES or KLXE.
This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.
https://news.cision.com/archer-limited/r/archer-limited--archer-supports-the-planned-merger-between-quintana-energy-services-inc--and-klx-ene,c3102928
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