This page is available in multiple languages
Select Language

Shelf Drilling North Sea lists on Euronext Growth

Back

  • Tenth listing on Euronext Growth Oslo and the 64th listing on Euronext so far in 2022
  • Brings the total number of companies listed on Euronext Growth Oslo to 114
  • Market capitalisation of approximately NOK 2.1 billion

 

Oslo – 12 October 2022 – Oslo Børs, part of the Euronext Group, today congratulates Shelf Drilling North Sea Ltd. (ticker: SDNS) on its admission to Euronext Growth Oslo. This is the tenth admission on Euronext Growth Oslo in 2022, and the 12th listing this year on all markets at Oslo Børs. The admission brings the total number of companies on Euronext Growth Oslo to 114.

Shelf Drilling North Sea is a shallow water offshore drilling contractor operating primarily in the North Sea. The company's fit-for-purpose strategy and fleet of modern high-specification harsh environment jack-up rigs enable it to offer a broad range of services in the shallow water drilling markets. This summer the company acquired five jack-up rigs from Noble.

At opening, the share price was set at NOK 21.32 per share, corresponding to an estimated total market value of the company of USD 200 million, equivalent to NOK 2.1 billion.

David Mullen, CEO of Shelf Drilling North Sea, said: I am proud to announce the listing of Shelf Drilling North Sea which marks another major milestone in our acquisition of five premium jack-up rigs and entry into the North Sea. This builds on our strong global position in the jack-up market and enables us to significantly enhance our fleet and operational capabilities in a market that continues to improve. We believe this transaction will unlock tremendous value for the company, and, by way of this listing, secure a highly successful outcome for our new shareholders in Shelf Drilling North Sea and existing shareholders in Shelf Drilling.”

 

Shelf Drilling North Sea opening the market at Oslo Børs 12 October 2022 to celebrate the company's admission to Euronext Growth Oslo

Caption: David Mullen, CEO of Shelf Drilling North Sea Ltd., rang the bell this morning to celebrate the company’s admission to Euronext Growth Oslo. They were welcomed by Øivind Amundsen, CEO of Oslo Børs (Photo: Chris Fey/ NTB)

 

About Shelf Drilling (North Sea) Ltd.

Shelf Drilling North Sea is a shallow water offshore drilling contractor primarily operating in the North Sea. The company's fit-for-purpose strategy and fleet of modern high-specification harsh environment jack-up rigs enable it to offer a broad range of services in the shallow water drilling markets.

Press Release Footer

About Euronext 
Euronext is the leading pan-European market infrastructure, connecting European economies to global capital markets, to accelerate innovation and sustainable growth. It operates regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal. With nearly 1,900 listed issuers and around €6.6 trillion in market capitalisation as of end December 2023, it has an unmatched blue-chip franchise and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets, one of Europe’s leading electronic fixed income trading markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. The Group provides a multi-asset clearing house through Euronext Clearing, and custody and settlement services through Euronext Securities central securities depositories in Denmark, Italy, Norway and Portugal. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, it also operates a number of junior markets, simplifying access to listing for SMEs.  
For the latest news, follow us on Twitter (twitter.com/euronext) and LinkedIn (linkedin.com/euronext).

Disclaimer
This press release is for information purposes only and is not a recommendation to engage in investment activities. This press release is provided “as is” without representation or warranty of any kind. While all reasonable care has been taken to ensure the accuracy of the content, Euronext does not guarantee its accuracy or completeness. Euronext will not be held liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided. No information set out or referred to in this publication may be regarded as creating any right or obligation. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by Euronext’s subsidiaries shall depend solely on the applicable rules of the market operator. All proprietary rights and interest in or connected with this publication shall vest in Euronext.

This press release speaks only as of this date. Euronext refers to Euronext N.V. and its affiliates. Information regarding trademarks and intellectual property rights of Euronext is located at www.euronext.com/terms-use.

© 2024, Euronext N.V. - All rights reserved.