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Share Name | Share Symbol | Market | Type |
---|---|---|---|
North Atlantic Drilling Ltd. (delisted) | NYSE:NADL | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.12 | 0 | 01:00:00 |
Hamilton, Bermuda, September 18, 2017 - North Atlantic Drilling Ltd. ("NADL" or the "Company"), a majority owned subsidiary of Seadrill Limited, announces today that the Company received a written notice from NYSE Regulation that its common stock is no longer suitable for listing pursuant to Listed Company Manual Section 802.01D because of the Company's announcement on September 12, 2017 that the Company and other consolidated subsidiaries of Seadrill Limited (NYSE: SDRL) filed prearranged chapter 11 cases in the Southern District of Texas. In reaching its delisting determination, NYSE Regulation noted that the shareholders of the Company will receive no recovery and therefore continued listing is no longer suitable. NYSE Regulation has informed the Company that application to the Securities and Exchange Commission to delist the Company's common stock is pending the completion of all applicable procedures, including any appeal by the Company of NYSE Regulation's decision.
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