Awilco Drilling PLC Moves Forward with De-listing Plans

Author: Owen Jenkins Updated: 04-16-2025 07:15 AM

Awilco Drilling PLC Takes Major Step with De-listing Application

Awilco Drilling PLC, known for its presence in the drilling sector, is making significant changes as it moves forward with its application for de-listing from Euronext Growth Oslo. This decision follows previous stock exchange releases detailing the authority given to the Board of Directors to initiate this process.

Application Submitted to Oslo Børs

Today, Awilco Drilling officially submitted its de-listing application to Oslo Børs. This strategic move is part of a broader plan which signifies a shift in the company’s operations and future direction. Upon completion of the de-listing, Awilco Drilling is anticipated to hold an extraordinary General Meeting where the shareholders will vote on a proposed liquidation plan.

Prospected Liquidation Timeline

The proposed liquidation process is expected to be finalized by the end of 2025. This timeline suggests that shareholders should prepare for the upcoming transitions within the company. Once all costs are settled, any remaining funds will be distributed back to the shareholders, offering them a return on their investments. The company is committed to transparency throughout this endeavor.

Leadership and Contact Information

For those looking for additional insights or who have concerns regarding these developments, the leadership team is available for inquiries. Eric Jacobs, the CEO of Awilco Drilling PLC, can be reached directly by phone, while Cathrine Haavind from Investor Relations is also on hand to provide detailed answers to shareholder questions.

Contact Details:

Eric Jacobs, CEO of Awilco Drilling PLC
Phone: +47 9529 2271

Cathrine Haavind, Investor Relations
Phone: +47 9342 8464
Email: ch@awilcodrilling.com

Frequently Asked Questions

What does the de-listing mean for shareholders?

The de-listing signifies that Awilco Drilling PLC will no longer be listed on the Euronext Growth Oslo exchange, but shareholders will have the opportunity to vote on liquidating the company.

When is the extraordinary General Meeting scheduled?

The date for the extraordinary General Meeting will be communicated to shareholders once the de-listing process is completed.

What will happen to the remaining funds after liquidation?

Once all costs related to the liquidation are settled, any remaining funds will be returned to the shareholders.

How can shareholders contact the company for more information?

Shareholders can reach out to Eric Jacobs, the CEO, or Cathrine Haavind from Investor Relations using the provided contact details.

What is the expected timeline for the liquidation process?

The liquidation process is anticipated to be completed by the end of 2025, based on the current plan.

About The Author

Hi there I'm 38-year-old author and financial consultant Owen Jenkins. Having worked in the financial sector for more than ten years, I am well-versed in the subtleties and complexity that mold our financial environment. Following a degree in finance, I worked in a number of financial institutions honing my abilities in market analysis, financial planning, and investment strategies.

My love is teaching others about investing and personal finance. My goal in writing many books and articles has been to demystify financial ideas and give readers the information they need to make wise financial decisions. I write with a direct, useful style that emphasizes doable suggestions for daily living.

Along with writing, I lead webinars and seminars where I impart knowledge on how to successfully negotiate the financial world. I also write for financial journals and show up as a guest expert on financial news programs a lot. Whether they are new to investing or want to improve their approach, my mission is to enable people to take charge of their financial futures.

Beyond work, I like to hike, play the guitar, and spend time with my family. I think that balance is crucial and want to encourage people to strike a balance between their financial aspirations and their hobbies. I want to help people succeed and achieve financial security through my work, so having a good influence.

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