Odfjell Drilling Ltd is listed on the Oslo Stock Exchange, and have an obligation to keep an updated lists of primary insiders. Please follow the link to see who are defined as primary insiders of Odfjell Drilling.
The general meeting has the highest authority in Odfjell Drilling and shall be an effective forum for the shareholders and directors.
All registered shareholders have the right to participate in the Annual General Meeting. The notice for Annual General Meetings is sent to the shareholders and made available on the company’s website no later than 21 days before the general meeting.
Shareholders registered in VPS (the Norwegian Registry of Securities) can vote in person or by proxy. Shareholders, who are not able to attend the Annual General Meeting in person, may execute a proxy in the name of another person attending the meeting.
The Company aims to ensure that shareholder returns reflect the Company’s value creation and will consist of both dividends and a positive share price development. The Company will target a long-term dividend annual pay-out representing approximately 30 – 40% of its net profit on a consolidated basis. The Company has a high focus on value creation and will have a dividend policy that will preserve the interest of the Company and its shareholders.
When deciding whether to declare and pay an annual dividend, the Board of Directors will take into consideration market outlook, potential growth opportunities, contract backlog, cash flow generation, capital expenditure plans and funding requirements whilst maintaining adequate financial flexibility. The Board of Directors may revisit the dividend policy from time to time.
DNB Bank ASA, Global Companies Registrars Section
P.O. Box 1600 Sentrum
0021 Oslo, Norway
Jenny Nygård Sørlie, Officer in charge
Tel: +47 23 26 80 16
The Company’s auditor is KPMG AS, with business registration number 935 174 627 in the Norwegian Register of Business Enterprises.
Sørkedalsveien 6, 0369 Oslo,