Star in the Sky
06-20

$Seatrium Ltd(5E2.SI)$  

Finally over..[Happy]  [Happy]  [Happy]  

Seatrium, on June 20, announced that its wholly-owned subsidiary Seatrium New Energy and RigCo Holding have entered into a settlement agreement with Awilco Drilling PLC, Awilco Rig 1 (AR1), and Awilco Rig 2 (AR2).


As the full and final settlement of the two arbitration awards, AR2 will receive a settlement sum of US$57 million ($77 million).

The settlement agreement is not expected to impact Seatrium’s net tangible assets (NTA) or earnings per share (EPS) for the FY2024 ending Dec 31.

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