With References to various stock exchange announcements as of August 5, 2025, and September 16, 2025, respectively, regarding the merger agreement and the revised terms of the Merger. entered into between Shelf Drilling, Ltd, ADES International Holding, Ltd, and ADES International.
Additionally, with Reference to the stock exchange announcement dated October 6, 2025, where the shareholders of the Company approved the Merger at the Extraordinary General Meeting with the requisite majority (99.6% of the votes cast in favor of the Merger). It is currently expected that completion of the Merger will occur on 25 November 2025.
The Company is expected to be formally delisted from the Oslo Stock Exchange shortly after completion of the Merger. Following the effective date for completion of the Merger (25 November 2025), shareholders of the Company will cease to have any rights to shares in the Company
