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Bermuda’s Seadrill to delist from Oslo Stock Exchange

Seadrill president and chief executive officer Simon Johnson (File photograph)

Seadrill Ltd, the Bermudian-based offshore drilling company, has announced that Oslo Bors has approved its delisting from the Oslo Stock Exchange following an affirmative shareholder vote at the company’s annual meeting in April.

The company said Seadrill shares will be delisted from the OSE on September 10, and the last day of trading will be September 9.

Seadrill will maintain a single listing on the New York Stock Exchange, consistent with efforts to simplify its business, it said.

“Seadrill has a long legacy in Norway, and the OSE was instrumental in our re-emergence to public markets in 2022,” said president and chief executive officer Simon Johnson.

“While we believe a single listing on the NYSE is most appropriate for Seadrill’s strategy, development and size, we appreciate the longstanding support of the Norwegian investment community and would like to encourage its continued participation with our company.”

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Published June 10, 2024 at 3:14 pm (Updated June 10, 2024 at 7:51 pm)

Bermuda’s Seadrill to delist from Oslo Stock Exchange

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