Kurs & Likviditet
Beskrivning
| Land | Förenade Arabemiraten |
|---|---|
| Lista | OB Match |
| Sektor | Tjänster |
| Industri | Shipping & Offshore |
2023-11-08 17:48:10
PRESS RELEASE
SHELF DRILLING BOARD OF DIRECTORS APPROVES SHARE ISSUE AND GRANT OF RSUS
Dubai, November 8, 2023: Reference is made to the announcement by Shelf
Drilling, Ltd. ("Shelf Drilling" or the "Company", OSE: SHLF) on October 27,
2022 regarding the grant of 95,092 restricted stock units ("RSUs") to the
Chairman of the Board of Directors and 31,697 RSUs to each of the other
Non-Executive Directors of the Company under the Company's 2017 Long-Term
Incentive Plan.
The RSUs will vest on November 14, 2023, subject to each director's continued
service with the Company. In order to settle the RSUs, the Company's board of
directors has resolved to issue a total of 285,274 new common shares, each with
a par value of USD 0.01. The share issue is conditional upon the vesting of the
RSUs on November 14, 2023.
Following the share issue, the issued share capital of the Company will be USD
2,136,909.17, divided into 213,690,917 common shares, each with a par value of
USD 0.01. The authorised share capital of the Company is USD 2,340,634.73,
divided into 234,063,473 shares, each with a par value of USD 0.01.
For Mr. Danner's continued service as chairman, the board of directors has
approved, with effect from November 14, 2023, an annual equity award targeted at
USD 150,000 in the form of 51,923 RSUs. The RSUs shall vest on the first
anniversary from the date of grant and shall each be settled in exchange for one
common share in the Company against no consideration, subject to Mr. Danner's
continued service with the Company.
For the other non-executive directors' continued service as directors, the board
of directors has approved, with effect from November 14, 2023, an annual equity
award to each of the directors listed below or, if applicable, the sponsor firm
that such director represents, targeted at USD 50,000 in the form of 17,308 RSUs
based on the 30-day trailing volume weighted average share price ending November
7, 2023. The RSUs shall vest on the first anniversary from the date of grant and
shall each be settled in exchange for one common share in the Company against no
consideration, subject to the relevant director's continued service with the
Company.
17,308 RSUs (121,156 RSUs in total) are granted to each of the following or, if
applicable, the sponsor firm that such director represents:
- John K. Castle, Director