Hemen Holding Ltd. agreed to acquire remaining 10.65% stake in Northern Drilling Ltd. (OB:NODL) for NOK 0.26 million on December 7, 2023. Under the terms, NOK 0.125 per share in cash will be paid. Offer period is from and including December 8, 2023 to January 5, 2024. Special General Meeting of the Shareholders of Northern Drilling will be held on January 9, 2024, to approve that an application be made for the de-listing from the Oslo Børs. Simen B. Weiby of KWC AS acted as fairness opinion provider to board of Northern Drilling.

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.