Reference is made to the stock exchange announcement by Odfjell Drilling Ltd. (“Odfjell Drilling”, OSE: ODL) and Odfjell Technology Ltd. (“Odfjell Technology”, OSE: OTL) on 1 March 2022 regarding completion of the internal reorganisation whereby the relevant Well Services and Energy companies became subsidiaries of Odfjell Technology, the announcements on 23 March 2022 regarding distribution of the shares in Odfjell Technology to the shareholders of Odfjell Drilling (the “Distribution”), and the announcement on 29 March 2022 regarding first day of trading on the Oslo Stock Exchange.
Odfjell Partners Ltd, a closely associated person of Helene Odfjell, Chair and primary insider in Odfjell Technology, was granted 23,825,396 shares in Odfjell Technology on 28 March 2022 in connection with the Distribution.
Please see attached notification of trade for further information about the transactions.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act and article 19 of the (EU) Market Abuse Regulation.
For further queries, please contact:
Gillian Basson, Corporate Secretary
+44 (0)7796 547889
Aberdeen, United Kingdom
29 March 2022
Odfjell Technology Ltd