Hemen Holding Ltd. made an offer to acquire remaining 60% stake in Northern Drilling Ltd. (OB:NODL) for approximately NOK 160 million on February 7, 2022. Hemen Holding will pay NOK 17 per share for the acquisition of remaining shares in Northern Drilling Ltd. The offer period is from March 2, 2022 to March 30, 2022. SpareBank 1 Markets AS has been engaged by Northern Drilling Ltd to provide an independent assessment of the mandatory offer.

Hemen Holding Ltd. completed the acquisition of additional 0.522512% stake in Northern Drilling Ltd. (OB : NODL) for NOK 1.4 million on March 30, 2022. The offer period expired today on March 30, 2022 and is not subject to any extension.