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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Shelf Drill(WI) | LSE:SHLF | London | Ordinary Share | KYG236271055 | ORD USD0.01 (DI) (WI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.00 | - |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From May 2019 to May 2024
TIDMSHLF
RNS Number : 1642L
Shelf Drilling, Ltd.
02 July 2014
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES OR ANY OTHER JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION AND DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER FOR SALE OF OR SUBSCRIPTION OF OR SOLICITATION OF ANY OFFER OR ANY INVITATION TO PURCHASE OR SUBSCRIBE FOR ANY SECURITIES IN THE UNITED STATES OF AMERICA OR IN ANY OTHER JURISDICTION
For immediate release
2 July 2014
SHELF DRILLING, LTD.
IPO UPDATE
Shelf Drilling, Ltd. ("Shelf Drilling" or the "Company"), a leading international shallow water offshore drilling contractor, has decided not to proceed with its announced Initial Public Offering at this time. This decision has been reached due to challenging public market conditions despite a positive response from prospective investors to the Company, its strategy and operations.
The outlook for Shelf Drilling's business continues to be positive, underpinned by a contracted backlog of $3.4 billion as at 27 May 2014, with an average remaining duration of 758 days per contracted rig. The management team will continue to drive sustainable, profitable growth focusing on its proven fit-for-purpose strategy and on delivery of an outstanding service to its customers.
Enquiries:
Shelf Drilling
David Mullen, Chief Executive Officer
Andrew Roberts, Chief Financial Officer
Contact Number: +971 4567 3400
Joint Global Co-ordinators, Joint Bookrunners and Underwriters
Morgan Stanley & Co. International plc
Andrew Foster
Shreyas Bordia
Contact Number: +44 (0)20 7425 8000
Goldman Sachs International
Christopher Pilot
Lyle Schwartz
Contact Number: +44 (0)20 7774 1000
Joint Bookrunners and Underwriters
HSBC Bank plc
Laura Trimble
Nick Donald
Contact Number: +44 (0)20 7991 8888
RBC Capital Markets
Tim Chapman
Darrell Uden
Contact Number: +44 (0)20 7653 4000
Co-Lead Managers
Tudor, Pickering, Holt & Co. Securities Inc. (acting through its affiliate Tudor, Pickering, Holt & Co. International, LLP)
David Cunningham
John Kennedy
Contact Number: +44 (0)20 3008 6432
Liberum Capital Limited
Peter Tracey
Clayton Bush
Contact Number: +44 (0)20 3100 2222
Regional Lead Manager
Abu Dhabi Islamic Bank PJSC
Ahmed Omar
Contact Number: +971 4 437 2067
Media Enquiries:
Brunswick Group (UK)
Patrick Handley
Dania Saidam
Contact Number: +44 (0)20 7404 5459
This information is provided by RNS
The company news service from the London Stock Exchange
END
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