NODL: Annual Report 2022

Northern Drilling Limited (OSE: NODL) (together with its subsidiaries, the “Company”), is pleased to announce that the annual report for the financial year ended 2022 has been approved.

NODL-2022-12-31-EN

 

Hamilton, Bermuda

28 April, 2023

 

Additional information about the Company can be found at: http://www.northerndrillingltd.com

 

Contact Person:

Scott McReaken

CEO

+1 (832) 509-7191

 

This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.

NODL: 2022 Annual General Meeting results notification

Northern Drilling Ltd. (the “Company”) advises that the 2022 Annual General Meeting of the Shareholders of the Company was held on September 30, 2022 at 10:30 a.m. at Par-la-Ville Place, 4th Floor, 14 Par-la-Ville Road, Hamilton Bermuda. The audited consolidated financial statements for the Company for the year ended December 31, 2021 were presented to the Meeting.

 

In addition, the following resolutions were passed:

1. To set the maximum number of Directors to be not more than eight.

2. To resolve that vacancies in the number of Directors be designated as casual vacancies and that the Board of Directors be authorised to fill such vacancies as and when it deems fit.

3. To re-elect Gary W. Casswell as a Director of the Company.

4. To re-elect Jon Olav Østhus as a Director of the Company.

5. To re-elect Keesjan Cordia as a Director of the Company.

6. To re-elect Marius Hermansen as a Director of the Company.

7. To re-appoint PricewaterhouseCoopers of Oslo, Norway, as auditor and to authorize the Directors to determine their remuneration.

8. To approve remuneration of the Company’s Board of Directors of a total amount of fees not to exceed US$400,000 for the year ended December 31, 2022.

9. To approve an amendment to the bye-laws of the Company.

 

September 30, 2022

The Board of Directors

Northern Drilling Ltd.

Hamilton, Bermuda

Financial calendar

18 February, 2022 – Hamilton, Bermuda

 

Financial calendar for Northern Drilling Ltd.

 

FINANCIAL YEAR 2021

29.04.2022 – Annual Report

FINANCIAL YEAR 2022

26.08.2022 – Half-yearly Report

28.04.2023 – Annual Report

31.05.2022 – Annual General Meeting

 

As part of the Company’s efforts to limit unnecessary expenditure, the Board has resolved to discontinue quarterly interim reporting for the time being. Interim financial reporting will henceforward be limited to half yearly and annual reports.

Any developments with perceived investor relevance or which are otherwise subject to the ongoing reporting obligations of the Oslo Stock Exchange will be reported on an ongoing basis, in line with the Company’s obligations as a listed company.

Recent and historical press releases and other Company materials can be found at www.northerndrillingltd.com

 

This information is published pursuant to the requirements set out in the Continuing obligations.

NODL: Seadrill Settlement

20 December, 2021 – Hamilton, Bermuda
Northern Drilling Ltd. (“NODL” or the “Company”) has signed a settlement agreement with Seadrill Ltd and its subsidiaries (“Seadrill”) relating to limited services for supervision, preservation and maintenance management services dating back to January 2018.
The settlement closes all outstanding balances and claims between the companies and is subject to approval by the United States Bankruptcy Court for the Southern District of Texas in Seadrill’s Chapter 11 bankruptcy case, In re Seadrill Limited, Case No. 20-30427. The Company anticipates that the effective date of this settlement will occur within four weeks.
Additional information about the Company can be found at: www.northerndrillingltd.com
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Forward Looking Statements Matters discussed in this release may contain certain forward-looking statements relating to the business, financial performance and results of the Company and/or the industry in which it operates, sometimes identified by the words “believes”, “expects”, “intends”, “plans”, “estimates” and similar expressions. The forward-looking statements contained in this release, including assumptions, opinions and views of the Company or cited from third-party sources, are solely opinions and forecasts which are subject to risks, uncertainties and other factors that may cause actual events to differ materially from any anticipated development. The Company does not provide any assurance that that the assumptions underlying such forward-looking statements are free from errors, nor does the Company accept any responsibility for the future accuracy of the opinions expressed in the presentation or the actual occurrence of the forecasted developments. No obligations are assumed to update any forward-looking statements or to conform to these forward-looking statements to actual results.

Mandatory notification of trade by primary insider

Marius Hermansen, board member, has purchased 19,269 shares in Northern Drilling Limited (“NODL”). Following this purchase Marius Hermansen owns 339,303 shares in NODL. The shares were purchased 1 December 2021 at an average purchase price of NOK 12.72.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act

NODL: Third Quarter 2021 Results

26 Nov, 2021 – Hamilton, Bermuda

Northern Drilling Limited (OSE: NODL) (together with its subsidiaries, the “Company”), today reports unaudited results for the third quarter and nine months ended 30 Sep, 2021.

Please find attached the Interim Financial Information report which will also be made available on the Company’s website.

NODL Q3 2021

 

Additional information about the Company can be found at: www.northerndrillingltd.com

 

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Forward Looking Statements

Matters discussed in this release may contain certain forward-looking statements relating to the business, financial performance and results of the Company and/or the industry in which it operates, sometimes identified by the words “believes”, “expects”, “intends”, “plans”, “estimates” and similar expressions. The forward-looking statements contained in this release, including assumptions, opinions and views of the Company or cited from third-party sources, are solely opinions and forecasts which are subject to risks, uncertainties and other factors that may cause actual events to differ materially from any anticipated development. The Company does not provide any assurance that that the assumptions underlying such forward-looking statements are free from errors, nor does the Company accept any responsibility for the future accuracy of the opinions expressed in the presentation or the actual occurrence of the forecasted developments. No obligations are assumed to update any forward-looking statements or to conform to these forward-looking statements to actual results.

Mandatory notification of trade by primary insider

Marius Hermansen, board member, has purchased 1,860 shares in Northern Drilling Limited (“NODL”). Following this purchase Marius Hermansen owns 320,034 shares in NODL. The shares were purchased 15 November 2021 at an average purchase price of NOK 13.24.

 

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act