AI assistant
Odfjell Drilling — Remuneration Information 2025
Jul 22, 2025
9909_dirs_2025-07-22_1fb8b412-da8d-4c6b-b6d1-822ac06f9635.html
Remuneration Information
Open in viewerOpens in your device viewer
ODL - Grant of Share Options approved at SGM
ODL - Grant of Share Options approved at SGM
Odfjell Drilling Ltd (the "Company") announces that further to the Special General Meeting held on 22 July 2025, the Company has granted share options to the Chair of the Board, Simen Lieungh.
The basis for the awards is, amongst other, the recipients’ position in the Company. Any options awarded will, subject to the participant’s continued appointment as Chair of the Board of the Company, and will vest in equal instalments over a period of 3 years after grant. Delivery of shares by exercising the options will take place from the Company’s pool of treasury shares or by issuing additional shares within the Company’s authorised share capital, or if an insufficient number of treasury shares exist, it will be settled by cash payment of an equivalent value.
The purpose of the long-term incentive plan is to further align the interests of the Company, its subsidiaries and its shareholders with the interests of officers of the Company who can contribute materially to the success and profitability of the Company. Such awards will recognise individual contributions and give participants in the plan an interest in the Company parallel to that of the shareholders, thus enhancing the proprietary and personal interest in the Company’s continued success and progress.
The Board of Directors has allocated options according to the plan to the following primary insiders in the Company, each as further described in the attached transaction form:
Simen Lieungh, Chair of the Board, has been awarded 250,000 share options in the Company
For further queries, please contact:
James Crothers, Investor Relations Officer
+44 (0) 7393 766 446
Gillian Basson, Corporate Secretary
+44 (0)7796 547889
London, United Kingdom
22 July 2025
Odfjell Drilling Ltd
This information is subject to the disclosure requirements in article 19 of the Regulation EU 596/2014 (the EU Market Abuse Regulation) and section 5-12 of the Norwegian Securities Trading Act.