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An update from Shelf Drilling ( (SHLLF) ) is now available.
Shelf Drilling has announced the approval of a share issue and the awarding of Restrictive Stock Units (RSUs) and Performance-Based Stock Units (PSUs) under its 2017 Long-Term Incentive Plan. The company will issue 544,147 new common shares to settle RSUs, with further awards of RSUs and PSUs planned, potentially leading to an issuance of up to 7,512,219 shares contingent upon performance criteria. This move reflects Shelf Drilling’s commitment to incentivizing employee performance and aligning their interests with company growth, potentially enhancing its competitive standing in the offshore drilling industry.
More about Shelf Drilling
Shelf Drilling is a prominent international offshore drilling contractor specializing in shallow water operations. Established in 2012 and headquartered in Dubai, UAE, the company operates across the Middle East, Southeast Asia, India, West Africa, the Mediterranean, and the North Sea. It is recognized for its strategic focus on tailored solutions and strong client relationships, and is listed on the Oslo Stock Exchange.
YTD Price Performance: -15.64%
Average Trading Volume: 29,815
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $204.1M
Learn more about SHLLF stock on TipRanks’ Stock Analysis page.
