공지 • Nov 27
Shelf Drilling, Ltd.(OB:SHLF) dropped from S&P Global BMI Index Shelf Drilling, Ltd.(OB:SHLF) dropped from S&P Global BMI Index 공지 • Aug 05
ADES International Holding Ltd signed an agreement to acquire Shelf Drilling, Ltd. (OB:SHLF) from Castle Harlan, Inc., Perestroika AS and others for NOK 3.9 billion. ADES International Holding Ltd signed an agreement to acquire Shelf Drilling, Ltd. (OB:SHLF) from Castle Harlan, Inc., Perestroika AS and others for NOK 3.9 billion on August 5, 2025. As part of the acquisition, ADES International through the Bidco company ADES International Cayman will acquire all issued and outstanding shares of Shelf Drilling, Ltd at NOK 14 per share payable in cash. As part of consideration, NOK 3.6 billion will be paid towards common equity and NOK 305 million towards Equity Awards of Shelf Drilling, Ltd. In addition, the transaction is supported with irrevocable commitments to vote in favor of the transaction at an extraordinary general meeting of the Shelf Drilling, Ltd provided by shareholders Castle Harlan and Perestroika as well as Shelf Drilling, Ltd’s CEO and CFO, and board members, together holding 15% of the outstanding shares in Shelf Drilling, Ltd. The Transaction is accretive to earnings per share and free cash flow for ADES, supporting strong returns for shareholders. The Transaction is to be financed through ADES’s available credit facility. Following completion of the transaction, Shelf Drilling will be wholly owned by ADES International, and Shelf Drilling, Ltd. will be delisted from the Oslo Stock Exchange.
The Transaction is conditional upon fulfilment of certain customary closing conditions, including certain regulatory approvals having been received and absence of any relevant legal restraints; no material breach of the Transaction Agreement and the approval of the plan of merger at an extraordinary general meeting in Shelf Drilling by the affirmative vote of two-thirds of the votes cast on the resolution at extraordinary general meeting. The extraordinary general meeting will be convened separately and held mid-September 2025. The board of directors of Shelf Drilling, Ltd has resolved to recommend its shareholders to vote in favor of the Transaction. The Transaction is expected to close in the fourth quarter of 2025.
SpareBank 1 Markets AS acted as sole financial advisor to ADES International Holding Ltd. Advokatfirmaet Schjødt As and Maples Group acted as legal advisors to ADES International Holding Ltd. Evercore Inc. (NYSE:EVR) acted as sole financial advisor and fairness opinion provider to Shelf Drilling, Ltd. Advokatfirmaet Thommessen AS, Conyers Dill & Pearman and Latham & Watkins LLP acted as legal advisors to Shelf Drilling, Ltd. DNB Bank ASA (OB:DNB) acted as registrar to Shelf Drilling, Ltd. 공지 • Jun 20
Shelf Drilling, Ltd. Approves the Appointment of Directors Shelf Drilling, Ltd. announced the Chair noted that, on the recommendation of the Nomination Committee, it is proposed by ordinary resolution pursuant to Article 31 to approve the appointment of J. William Franklin, Jr., Steven Becker and Stig Vangen as Directors each with effect from the date of the Meeting. The Chair noted that, as the prior resolution had been passed, it was proposed by ordinary resolution pursuant to Article 33.10 to approve the appointment of J. William Franklin, Jr. as the chair of the board of Directors with effect from the date of the Meeting. The proposed appointment will be for a term expiring at the next annual general meeting (unless such person resigns or is removed from office in accordance with the Articles of Association of the Company in effect from time to time at an earlier date). 공지 • Jan 08
Shelf Drilling, Ltd. Approves Nomination Committee Appointments Shelf Drilling, Ltd. at its Extraordinary General Meeting held on January 7, 2025, approved Ryan E Schedler (Chair), Manuel Garcia, and David A. Castle each be appointed as members of the Company's Nomination Committee in accordance with Article 37.3 of the Company's Twelfth Amended and Restated Memorandum and Articles of Association, with effect from the date of the Meeting. 공지 • Jan 06
Shelf Drilling, Ltd., Annual General Meeting, Jun 11, 2025 Shelf Drilling, Ltd., Annual General Meeting, Jun 11, 2025. 공지 • Jan 05
Shelf Drilling, Ltd. to Report Q3, 2025 Results on Nov 10, 2025 Shelf Drilling, Ltd. announced that they will report Q3, 2025 results on Nov 10, 2025 공지 • Dec 19
Shelf Drilling, Ltd. Announces Main Pass I Rig Update Shelf Drilling, Ltd. announced that the company has entered into an agreement to sell the Main Pass I for total consideration of USD 11 million. The rig will be permanently retired from drilling operations, with the major drilling equipment and inventory removed for use across the Shelf Drilling fleet. The sale is subject to customary closing conditions and is expected to close by February 2025. Shelf Drilling has now served notice to terminate the drilling contract that was suspended in respect of the Main Pass I rig in the Middle East earlier this year. 공지 • Oct 24
Shelf Drilling, Ltd. and Shelf Drilling (North Sea), Ltd. Announces AOC Approval and Operational Update in Norway Shelf Drilling, Ltd. and Shelf Drilling (North Sea), Ltd. announced that the Norwegian Ocean Industry Authority (Havtil) issued the Acknowledgement of Compliance (AoC) for the Shelf Drilling Barsk jack-up rig. With the AoC approval in place, operations are now expected to commence in the coming weeks. 공지 • Sep 16
Shelf Drilling, Ltd. (OB:SHLF) agreed to acquire Shelf Drilling (North Sea), Ltd. (OB:SDNS) approximately NOK 2.6 billion. Shelf Drilling, Ltd. (OB:SHLF) agreed to acquire Shelf Drilling (North Sea), Ltd. (OB:SDNS) for approximately NOK 2.6 billion on September 16, 2024. Shares will be purchased at NOK 25.90 per share. The board of director of Shelf Drilling, Ltd have approved the deal. Subject to timely fulfillment of the conditions for the Proposed Merger, the Proposed Merger is expected to be completed towards the second half of October 2024. The transaction is subject to approval of offer by target shareholders.
Advokatfirmaet Thommessen AS and Conyers Dill & Pearman LLP are acted as legal advisor to Shelf Drilling, Ltd. SpareBank 1 Markets AS are acted as financial advisor to Shelf Drilling, Ltd. Advokatfirma Wiersholm AS and Appleby are acted as legal advisor to Shelf Drilling (North Sea), Ltd. 공지 • Mar 28
Shelf Drilling, Ltd. Announces Resignation of John Reynolds as Director Shelf Drilling, Ltd. announced that John Reynolds has resigned as a director of the Company with immediate effect. This follows the sale of shares by LR-Shelf Drilling International, L.P. in October 2023 and the exit of Lime Rock Partners as a sponsor of the Company. 공지 • Sep 28
Shelf Drilling, Ltd. announced that it expects to receive NOK 640.2 million in funding Shelf Drilling, Ltd. announced a private placement to issue 19,400,000 offer shares at a price of NOK 33 for the gross proceeds of NOK 640,200,000 on September 26, 2023. 공지 • Jun 13
Shelf Drilling, Ltd. Announces Mei Xianzhi Elected as A Director of the Company Shelf Drilling, Ltd. announced that at it's AGM Mei Xianzhi elected as a Director of the Company until such time as such Director resigns or is removed from office in accordance with the Articles of Association of the Company in effect from time to time (the "Appointment"). 공지 • May 17
Shelf Drilling, Ltd. Announces Lou Dongyang Stand Down as Director Shelf Drilling, Ltd. has been notified that Lou Dongyang is standing down as a director of the Company with effect from the date of the next Annual General Meeting of the Company. The Company hereby gives notice that the Annual General Meeting of the Company will be held on June 12, 2023 in the Cayman Islands. 공지 • Feb 02
Shelf Drilling, Ltd. has completed a Follow-on Equity Offering in the amount of NOK 467.377214 million. Shelf Drilling, Ltd. has completed a Follow-on Equity Offering in the amount of NOK 467.377214 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 17,636,876
Price\Range: NOK 26.5
Transaction Features: Subsequent Direct Listing