FilingReader Intelligence

NorAm Drilling shares trade ex-cash distribution

September 16, 2025 at 02:04 PM UTCBy FilingReader AI

As of September 16, 2025, shares in NorAm Drilling AS are trading ex-cash distribution, reflecting a deduction of $0.03 per share. This adjustment impacts the valuation of the company's shares on the Oslo Stock Exchange from today forward.

The cash distribution amount has been factored into the share price. This move signifies that purchasers of NorAm Drilling shares from this date will not be eligible for the previously announced cash distribution.

This standard market practice ensures that the share price accurately reflects the company's underlying value after the distribution of funds to eligible shareholders. The event is a routine corporate action that affects how NorAm Drilling AS shares are quoted and traded.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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