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