Odfjell Drilling Ltd (the “Company”) announces that further to the Special
General Meeting held on 22 July 2025, the Company has granted share options to
the Chair of the Board, Simen Lieungh.
The basis for the awards is, amongst other, the recipients’ position in the
Company. Any options awarded will, subject to the participant’s continued
appointment as Chair of the Board of the Company, and will vest in equal
instalments over a period of 3 years after grant. Delivery of shares by
exercising the options will take place from the Company’s pool of treasury
shares or by issuing additional shares within the Company’s authorised share
capital, or if an insufficient number of treasury shares exist, it will be
settled by cash payment of an equivalent value.
The purpose of the long-term incentive plan is to further align the interests of
the Company, its subsidiaries and its shareholders with the interests of
officers of the Company who can contribute materially to the success and
profitability of the Company. Such awards will recognise individual
contributions and give participants in the plan an interest in the Company
parallel to that of the shareholders, thus enhancing the proprietary and
personal interest in the Company’s continued success and progress.
The Board of Directors has allocated options according to the plan to the
following primary insiders in the Company, each as further described in the
attached transaction form:
Simen Lieungh, Chair of the Board, has been awarded 250,000 share options in the
Company
For further queries, please contact:
James Crothers, Investor Relations Officer
+44 (0) 7393 766 446
jchu@odfjelldrilling.com
Gillian Basson, Corporate Secretary
+44 (0)7796 547889
gbas@odfjelldrilling.com
London, United Kingdom
22 July 2025
Odfjell Drilling Ltd
This information is subject to the disclosure requirements in article 19 of the
Regulation EU 596/2014 (the EU Market Abuse Regulation) and section 5-12 of the
Norwegian Securities Trading Act.