Shelf Drilling Share Capital Increase

Source: www.gulfoilandgas.com 2/12/2021, Location: Middle East

Reference is made to the announcement by Shelf Drilling, Ltd. on 10 February 2021 regarding the resolution by the Company's board of directors to issue 467,632 new common shares in the Company as settlement of restricted stock units ("RSUs") under the Company's 2017 Long-Term Incentive Plan.

Today, the new common shares have been legally and validly issued. Following such share issue, the issued share capital of the Company is USD 1,366,906.72, divided into 136,690,672 common shares, each with a par value of USD 0.01. The authorised share capital of the Company is USD 1,840,634.73, divided into 184,063,473 shares, each with a par value of USD 0.01.


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