Ensco plc – ‘8-K’ for 6/30/94 – EX-20

As of:  Thursday, 2/23/95   ·   For:  6/30/94   ·   Accession #:  314808-95-7   ·   File #:  1-08097

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Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                         7     28K 
 2: EX-4        Exhibit - Rights Agreement                            56    237K 
 3: EX-20       Exhibit - Press Release                                2     12K 

EX-20   —   Exhibit – Press Release

EX-20
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                                                      EXHIBIT 20

NEWS RELEASE    
ENERGY SERVICE COMPANY, INC.    

2700 Fountain Place  *  1445 Ross Avenue  *  Dallas, Texas 75202-2792 
Tel: (214) 922-1500  *  Fax: (214) 855-0080  *  Telex:  163518    

___________________________________________________________________________     

Contact:  Richard A. LeBlanc                                                    
(214) 922-1500                                              
___________________________________________________________________________     

ENERGY SERVICE COMPANY, INC. ADOPTS STOCKHOLDER RIGHTS PLAN     

Dallas,  Texas, February  23,  1995....Energy  Service  Company,  Inc.
("ENSCO") announced today that its Board of Directors adopted a Stockholder     
Rights Plan  in which rights will be distributed  as a dividend at the rate     
of one Right  for each share of common stock, par value $0.10 per share, of     
the Company held by stockholders  of record as of the close of  business on     
March 6,  1995.   The Rights  Plan is  designed to  deter certain  types of     
unfair takeover tactics and to prevent  an acquiror from gaining control of     
the  Company  without  offering  a  fair  price  to all  of  the  Company's     
stockholders.  The Rights will expire on February 21, 2005.                     

Each Right initially  will entitle stockholders to  buy one unit  of a
share  of preferred stock for $50.00.   The Rights will be exercisable only     
if a person or group acquires beneficial ownership of 15 percent or more of     
the Company's  common stock or  commences a tender  or exchange  offer upon     
consummation  of which  such  person or  group  would beneficially  own  15     
percent or more of the Company's common stock.                                  

The  Stockholder Rights Plan was  adopted to protect  the interests of
all  the Company's stockholders  and to help ensure  that they receive fair     
treatment in  the event  of a takeover  attempt.   The Rights  Plan is  not     
intended to prevent an acquisition of the Company for a full and fair price     
in a  transaction  that is  in the  best interest  of the  Company and  its     
stockholders.  The Rights Plan was not adopted in response to any effort to     
acquire control of the Company, and the Company's board is not aware of any     
such effort.                                                                    

If any  person becomes the beneficial  owner of 15 percent  or more of
the Company's common stock, then each Right not owned by the 15 percent-or-     
more stockholder or related parties will entitle its holder to purchase, at     
the Right's then  current exercise  price, shares of  the Company's  common     
stock (or  in certain circumstances  cash, property,  or other  securities)     
having  a  value of  twice the  Right's then  current  exercise price.   In     
addition,  if after any person has become a 15 percent-or-more stockholder,     
Energy Service  Company, Inc.  is involved  in a  merger or  other business     
combination transaction with another  person in which the Company  does not     

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survive  or in which its common stock  is changed or exchanged, or sells 50     
percent or  more of  its assets  or earning power  to another  person, each     
Right  not owned by the  15 percent-or-more stockholder  or related parties     
will entitle its  holder to purchase, at the Right's  then current exercise     
price, shares of common stock of such other person having a  value of twice     
the Right's then current exercise price.                                        

At  any  time after  a  person  acquires 15  percent  or  more of  the
Company's common stock and prior to the earlier of the time (i) the Company     
is  involved in  a merger  or other  business combination  transaction with     
another person in which the Company does not survive or in which its common     
stock is changed or exchanged, (ii) the Company sells 50 percent or more of     
its assets or earning power to another person, or (iii)  any person becomes     
the owner of 50  percent or more of the Company's common stock, the Company     
may exchange each Right (other than  Rights owned by the 15 percent-or-more     
stockholder which shall have become void) for a number of  shares of common     
stock of the  Company (or in  certain circumstances preferred stock  of the     
Company) having a value equal to the difference between the market value of     
the  shares of common stock receivable upon  exercise of the Rights and the     
exercise price of the Right.                                                    

The  Company will generally be entitled  to redeem the Rights at $0.01
per Right at any time until ten days following a public announcement that a     
15 percent position has been acquired.                                          

Details of the Stockholder Rights Plan  are outlined in a letter which
will be mailed to all stockholders.                                             

ENSCO,  headquartered  in  Dallas,  Texas,  is  engaged  in  providing
contract  drilling and  related logistical  and technical  services to  the     
international  petroleum  industry.   ENSCO's  common stock  trades  on the     
American Stock Exchange (ESV).                                                  

Dates Referenced Herein   and   Documents Incorporated by Reference

				Referenced-On Page
This ‘8-K’ Filing		Date		First		Last			Other Filings
		2/21/05		1
		3/6/95		1
Filed on:		2/23/95		1					424B3,  8-A12B
For Period End:		6/30/94							10-QT,  8-K
									List all Filings