(Oslo, 16 November 2022) Johan Finnestad, the COO of Dolphin Drilling AS (Dolphin Drilling, OSE: DDRIL), has today sold 110,000 shares in the company at an average price of NOK 14.75 per share. Per Vangsgaard, the CTO of the company has today sold 60,000 shares at an average price of NOK 14.64 per share. The positions were sold to cover tax liabilities. Following the transactions, Johan Finnestad and Per Vangsgaard hold 116,600 and 64,800 shares in Dolphin Drilling, respectively.
This information is subject to disclosure requirements set out in the Market Abuse Regulation EU 596/2014 Article 19 and the Norwegian Securities Trading Act Section 5-12.
ENDS
Dolphin Drilling | www.dolphindrilling.com
Dolphin Drilling is a leading harsh environment drilling contractor for the offshore oil and gas industry. Dolphin Drilling owns a fleet of three high-technical standard 4[th] and 5[th] generation enhanced Aker H3 units, Borgland Dolphin, Blackford Dolphin, and Bideford Dolphin, operated by an experienced team with a strong operational track record. The company has approximately 260 offshore and onshore employees, and onshore locations in Norway, Scotland, Brazil, Nigeria, and Mexico.
Dolphin Drilling is listed on Euronext Growth Oslo under the ticker “DDRIL”.
The company has no interest-bearing debt and targets to maximize shareholder returns including the use of frequent cash dividends.