ESV Ensco Plc New

ENSCO PLC (ESV) filed a Form 8K - Other Events - with the U.S Securities and Exchange Commission on January 23, 2017.

Ensco recently entered into an amendment to the ENSCO DS-10 drillship construction contract (the "Amendment") with Samsung Heavy Industries ("SHI"), the shipyard constructing the ENSCO DS-10 ("Drillship"). Under the terms of the Amendment:

* The delivery date for the Drillship has been extended to March 31, 2019 (the "Extended Delivery Date"). Ensco may elect to take delivery of the Drillship earlier upon giving SHI 75 days' advance notice. Notwithstanding the Extended Delivery Date, SHI agreed to complete construction of the Drillship by March 31, 2017.

* Payment of $75 million of the approximately $309 million unpaid balance of the purchase price for the Drillship has been deferred to March 31, 2019, or such earlier date as Ensco may elect to take delivery of the Drillship. The remaining $234 million of the purchase price is to be paid in January 2017.

The full text of this SEC filing can be retrieved at: http://www.sec.gov/Archives/edgar/data/314808/000031480817000003/form8k_item801ds-10shipyard.htm

Any exhibits and associated documents for this SEC filing can be retrieved at: http://www.sec.gov/Archives/edgar/data/314808/000031480817000003/0000314808-17-000003-index.htm

Public companies must file a Form 8-K, or current report, with the SEC generally within four days of any event that could materially affect a company's financial position or the value of its shares.

(END) Dow Jones Newswires

January 24, 2017 05:15 ET (10:15 GMT)

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