ODL - Grant of Share Options approved at SGM
Odfjell Drilling Ltd (the "Company") announces that further to the SpecialGeneral Meeting held on 22 July 2025, the Company has granted share options tothe Chair of the Board, Simen Lieungh. The basis for the awards is, amongst other, the recipients' position in theCompany. Any options awarded will, subject to the participant's continuedappointment as Chair of the Board of the Company, and will vest in equalinstalments over a period of 3 years after grant. Delivery of shares byexercising the options will take place from the Company's pool of treasuryshares or by issuing additional shares within the Company's authorised sharecapital, or if an insufficient number of treasury shares exist, it will besettled by cash payment of an equivalent value.
The purpose of the long-term incentive plan is to further align the interestsofthe Company, its subsidiaries and its shareholders with the interests ofofficers of the Company who can contribute materially to the success andprofitability of the Company. Such awards will recognise individualcontributions and give participants in the plan an interest in the Companyparallel to that of the shareholders, thus enhancing the proprietary andpersonal interest in the Company's continued success and progress.
The Board of Directors has allocated options according to the plan to thefollowing primary insiders in the Company, each as further described in theattached transaction form:
Simen Lieungh, Chair of the Board, has been awarded 250,000 share options intheCompany
For further queries, please contact: James Crothers, Investor Relations Officer+44 (0) 7393 766 446jchu@odfjelldrilling.com
Gillian Basson, Corporate Secretary +44 (0)7796 547889 gbas@odfjelldrilling.com
London, United Kingdom 22 July 2025 Odfjell Drilling Ltd
This information is subject to the disclosure requirements in article 19 oftheRegulation EU 596/2014 (the EU Market Abuse Regulation) and section 5-12 oftheNorwegian Securities Trading Act.
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