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Shelf Drilling ( (SHLLF) ) has issued an announcement.
Shelf Drilling’s Board of Directors has approved the issuance of new shares and the granting of restricted stock units (RSUs) following changes in the board and director remuneration at the recent annual general meeting. The company has issued 60,135 new common shares to settle RSUs for former board members and has granted additional RSUs to current board members under its Long-Term Incentive Plan. This move is part of the company’s strategy to align board members’ interests with its long-term goals, potentially impacting its market positioning and stakeholder relations.
More about Shelf Drilling
Shelf Drilling is a prominent international contractor specializing in shallow water offshore drilling, operating rigs across regions such as the Middle East, Southeast Asia, India, West Africa, the Mediterranean, and the North Sea. Established in 2012, the company has become a leader in its field through a fit-for-purpose strategy and strong client relationships. Shelf Drilling is incorporated in the Cayman Islands with its corporate headquarters in Dubai, UAE, and is listed on the Oslo Stock Exchange under the ticker ‘SHLF’.
Average Trading Volume: 1,572,156
Current Market Cap: NOK2.18B
Learn more about SHLLF stock on TipRanks’ Stock Analysis page.