Oslo, Norway, August 21, 2026
Reference is made to the announcement on June 7, 2026 by NorAm Drilling AS regarding the issuance of 40,000 new shares following a share option exercise by a PDMR on May 28, 2026.
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The resolution made by the Board of Directors to increase the share capital by issuance of new shares was today registered with the Norwegian Register of Business Enterprises. The new shares were issued pursuant to an authorization to issue new shares granted to the Board of Directors on the Company’s annual general meeting on June 24, 2025.
Following this, the Company’s new share capital is NOK 86,715,914 consisting of 43,357,957 shares each, with a par value of NOK 2.00.
For further queries, please contact:
Sander Borgli, Director of IR and Strategy
Tel: +47 95455604
About NorAm Drilling
NorAm Drilling owns and operates a portfolio of eleven advanced drilling rigs upgraded to maximize drilling efficiency in the Permian Basin in Texas, which is the largest oil producing region in North America. NorAm Drilling is debt free and has industry leading operating margins. The Company has a full pay-out dividend strategy, targeting frequent cash distributions in a profitable market.
www.noramdrilling.com
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