SDSD: ESPEN LANDMARK FJERMESTAD APPOINTED HEAD OF INVESTMENTS

  • Jun 03, 2021
  • Standard Drilling

(Limassol, 3 June 2021) S.D. Standard Drilling Plc (Standard Drilling, OSE:SDSD)

today announces the appointment of Espen Landmark Fjermestad as Head of

investments. Fjermestad comes from the position as Head of research at Fearnley

Securities and will strengthen the group's capabilities within shipping,

offshore and renewables.

"We´re pleased to announce the appointment of Espen Landmark Fjermestad as Head

of investments. Espen brings a strong track-record within the shipping, offshore

and renewable industries and will add valuable capacity and competence to our

team. By appointing Espen as Head of investments we will aim to be more active

in looking at investment opportunities across these industries " says Martin

Nes, Chairman of the Board of Standard Drilling.

Espen Landmark Fjermestad is appointed Head of investments at Standard Drilling

and comes from the position as Head of research at Fearnley Securities.

Fjermestrand has previously held positions at Storebrand Kapitalforvaltning and

holds a Master of science from Copenhagen Business School. He will take up his

new position latest by 1. September 2021.

Fjermestad is granted 10 million options with a strike of NOK 1.25 after 18

months, in addition to 10 million options with a strike of NOK 1.40 after 30

months. The grant of the options is subject to General Assembly approval.

ENDS