Shelf Drilling Expands Share Base Post-Merger

Shelf Drilling (SHLLF) has released an update.

Shelf Drilling has successfully merged with its subsidiary Shelf Drilling (North Sea), resulting in an increase of outstanding shares from approximately 213.7 million to 255.7 million. This merger has decreased Aurelius Capital Management’s proportional shareholding from 5.4% to 4.5%, as more shares were issued to existing shareholders of the subsidiary. Investors may find this corporate action noteworthy as it impacts share distribution and ownership percentages.

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