Shelf Drilling Adopts Key Governance Changes in Extraordinary Meeting

Shelf Drilling ( (SHLLF) ) has shared an announcement.

Shelf Drilling held an Extraordinary General Meeting where all proposed resolutions were adopted, including significant amendments to its governance structure. These changes involve revising its Memorandum and Articles of Association to align with the Norwegian Corporate Governance Code, which will enhance transparency and align with the company’s long-term strategic interests, impacting executive management, board operations, and compensation policies.

More about Shelf Drilling

Shelf Drilling is a prominent international offshore drilling contractor specializing in shallow water operations. It operates across regions including the Middle East, Southeast Asia, India, West Africa, and the North Sea. Established in 2012 and headquartered in Dubai, the company is listed on the Oslo Stock Exchange and is known for its strategic alignment with leading industry clients.

YTD Price Performance: -7.45%

Average Trading Volume: 28,274

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $222.8M

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