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The latest update is out from S.D. Standard Drilling PLC ( (DE:S1P) ).
S.D. Standard ETC Plc announced that Espen Fjermestad, Head of Investments, has exercised 10,000,000 share options at a price of NOK 1.05 per share. The company’s board has resolved to cash settle these options, resulting in a payment of NOK 6.6 million to Fjermestad, based on the current closing share price of NOK 1.71. This decision reflects the company’s commitment to fulfilling its financial obligations and could impact its cash flow and investment strategy.
More about S.D. Standard Drilling PLC
S.D. Standard ETC Plc is an investment company founded in 2010, headquartered in Cyprus, and listed on the Oslo Stock Exchange. It maintains a focused investment portfolio, holding a 53% ownership in Standard Supply AS and a 17% stake in the drilling company Dolphin Drilling AS.
YTD Price Performance: 6.92%
Average Trading Volume: 3,070
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €75.5M
For a thorough assessment of S1P stock, go to TipRanks’ Stock Analysis page.
