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    SHLF   KYG236271055

SHELF DRILLING, LTD.

(SHLF)
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Shelf Drilling : Primary Insider Notification

06/29/2021 | 01:57am EDT
PRESS RELEASE
SHELF DRILLING PRIMARY INSIDER NOTIFICATION

Dubai, 29 June 2021: Reference is made to certain legacy incentive common shares
held by certain primary insiders of Shelf Drilling, Ltd. ("Shelf Drilling" or
the "Company", OSE: SHLF) which, as set out in the prospectus published by the
Company on 25 June 2018 in connection with its initial public offering, became
released from all remaining transfer restrictions on 25 June 2021 (the
"Release"). 

In order to cover taxes payable by certain holders upon the Release, the Company
has facilitated, on behalf of those certain holders, the sale of the following
common shares in the market:

William Hoffman (COO) 
A total of 21,559 common shares have been sold on 25 and 28 June 2021 at an
average price of NOK 5.0685 per common share to cover taxes payable by Mr.
Hoffman pursuant to the Release.

Gregory O'Brien (CFO) 
A total of 33,734 common shares have been sold on 25 and 28 June 2021 at an
average price of NOK 5.0685 per common share to cover taxes payable by Mr.
O'Brien pursuant to the Release.

Please see the attached form of notification and public disclosure by primary
insiders.

Following the sale of shares to cover taxes:

Mr. Hoffman holds 581,470 common shares in the Company, 251,892 RSUs and 458,159
PSUs.

Mr. O'Brien holds 245,946 common shares in the Company, 157,432 RSUs and 286,349
PSUs.

About Shelf Drilling
Shelf Drilling is a leading international shallow water offshore drilling
contractor with rig operations across Middle East, Southeast Asia, India, West
Africa and the Mediterranean. Shelf Drilling was founded in 2012 and has
established itself as a leader within its industry through its fit-for-purpose
strategy and close working relationship with industry leading clients. The
company is incorporated under the laws of the Cayman Islands with corporate
headquarters in Dubai, United Arab Emirates. The company is listed on the Oslo
Stock Exchange under the ticker "SHLF".

Additional information about Shelf Drilling can be found at
www.shelfdrilling.com.

Contact details
For questions or comments, please contact investor.relations@shelfdrilling.com 

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act and article 19 of the Regulation EU
596/2014 (the EU Market Abuse Regulation).

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange

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Financials (USD)
Sales 2021
Net income 2021
Net Debt 2021
P/E ratio 2021
Yield 2021
Capitalization 73,2 M 73,2 M -
EV / Sales 2021
EV / Sales 2022 1,65x
Nbr of Employees 2 149
Free-Float 53,5%
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Technical analysis trends SHELF DRILLING, LTD.
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 0
Last Close Price 4,60 
Average target price
Spread / Average Target -
EPS Revisions
Managers and Directors
David J. Mullen Chief Executive Officer & Director
Greg OĺBrien Chief Financial Officer & Executive Vice President
Ernie L. Danner Independent Chairman
Rishi Srivastava Vice President-Technical Services
William Conrad Hoffman Chief Operating Officer & Executive Vice President
Sector and Competitors