Offshore deepwater drilling services firm Ocean Rig has received permission from the Nasdaq Hearings Panel to continue trading on the stock market.
The decision comes despite a decision being made to delist the company’s stock on 31 March this year.
The exception allows the company to continue to implement a restructuring under its previously announced schemes of arrangement in the Cayman Islands.
The company will have to meet several conditions in order to satisfy the terms of the exception.