05:28 PM EDT, 07/18/2024 (MT Newswires) -- Noble (NE) said late Thursday it plans to voluntarily delist from Nasdaq Copenhagen while retaining its New York Stock Exchange listing.

The offshore drilling contractor said the trading volume of its share entitlements on Nasdaq likely "no longer justifies" the expense and administrative requirements tied to maintaining a dual listing. The NYSE listing provides the company's shareholders with "sufficient" liquidity, it said.

Noble said it expects the delisting to be effective later this year or early 2025.