Hemen Holding Ltd. agreed to acquire additional 0.1% stake in Northern Drilling Ltd. (OB:NODL).
Hemen Holding Ltd. agreed to acquire additional 0.1% stake in Northern Drilling Ltd. (OB:NODL) on January 5, 2024. Upon expiry of the acceptance period for the Offer, the Offeror had received valid acceptances for in total 361,940 Northern Drilling shares, equal to approximately 0.10 % of the outstanding shares and votes in the Company. Following completion of the Offer and subject to due settlement of the shares for which acceptances are received, the Offeror will own 314,333,380 shares in Northern Drilling, equal to approximately 89.46 % of the outstanding shares and votes in the Company.