SUGAR LAND, Texas, Nov. 26, 2022 /PRNewswire/ -- Noble Corporation
plc ("Noble") (CSE: NOBLE, NYSE: NE) today announces changes to its
share capital.
3,170 A ordinary shares with a nominal value of
USD 0.00001 each (the
"Excess Shares") issued by Noble in connection with the
completion of the compulsory purchase of the remaining outstanding
shares of The Drilling Company of 1972 A/S ("Maersk Drilling") (the
"Compulsory Purchase") have been cancelled.
As further described in the Notice concerning the compulsory
purchase to the shareholders of Maersk Drilling pursuant to
sections 70-72 of the Danish Companies Act as published by Noble on
October 4, 2022, the Excess Shares
were issued due to the exchange ratio in the Compulsory Purchase of
1.6137 share entitlements, representing A ordinary shares of Noble,
for each outstanding Maersk Drilling share resulting in the holders
of Maersk Drilling shares, who elected to receive share
consideration in the Compulsory Purchase, being entitled to a
number of fractional share entitlements representing fractional A
ordinary shares of Noble. Such fractional share entitlements were
not delivered in the Compulsory Purchase to the holders of Maersk
Drilling shares but were instead settled in cash in accordance with
the terms of the Compulsory Purchase. As a result, the Excess
Shares, representing the totality of the fractional share
entitlements not delivered in the Compulsory Purchase have been
cancelled.
In addition, during the period since November 10, 2022, 2,188 new A ordinary shares
each with a nominal value of USD
0.00001 have been issued to certain holders of warrants as a
consequence of cash and cashless exercises of warrants. The
exercise price was USD 19.27 per A
ordinary share for 1,248 of the new A ordinary shares, USD 23.13 per A ordinary share for 407 of the new
A ordinary shares, USD 124.40 per A
ordinary share for 18 of the new A ordinary shares and 515 new A
ordinary shares were issued as a result of cashless exercises. The
total proceeds to Noble from the warrant exercises amount to
USD 35,702.07.
The new A ordinary shares carry the same rights as the existing
A ordinary shares of Noble. The new A ordinary shares will be
admitted to trading and official listing on Nasdaq
Copenhagen.
As a result of the changes, there are a total of 135,084,799 A
ordinary shares of Noble issued and outstanding with a nominal
value of USD 0.00001 each.
About Noble Corporation
Noble is a leading offshore drilling contractor for the oil and
gas industry. The Company owns and operates one of the most
modern, versatile, and technically advanced fleets in the offshore
drilling industry. Noble and its predecessors have been
engaged in the contract drilling of oil and gas wells since
1921. Noble performs, through its subsidiaries, contract
drilling services with a fleet of offshore drilling units focused
largely on ultra-deepwater and high specification jackup drilling
opportunities in both established and emerging regions worldwide.
For further information visit www.noblecorp.com or email
investors@noblecorp.com.
IMPORTANT INFORMATION
This announcement is for information purposes only and does not
constitute or contain any invitation, solicitation, recommendation,
offer or advice to any person to subscribe for or otherwise acquire
or dispose of any securities of Noble.
Certain statements in this announcement, including any
attachments hereto, may constitute forward-looking statements.
Forward-looking statements are statements (other than statements of
historical fact) relating to future events and Noble and its
subsidiaries (collectively, the "Noble Group") anticipated or
planned financial and operational performance. The words "targets",
"believes", "continues", "expects", "aims", "intends", "plans",
"seeks", "will", "may", "might", "anticipates", "would", "could",
"should", "estimates", "projects", "potentially" or similar
expressions or the negatives thereof, identify certain of these
forward-looking statements. The absence of these words, however,
does not mean that the statements are not forward-looking. Other
forward-looking statements can be identified in the context in
which the statements are made.
Although Noble believes that the expectations reflected in these
forward-looking statements are reasonable as of the date of this
announcement, such forward-looking statements are based on Noble's
current expectations, estimates, forecasts, assumptions and
projections about the Noble Group's business and the industry in
which the Noble Group operates and/or which has been extracted from
publications, reports and other documents prepared by the Noble
Group and are not guarantees of future performance or development
and involve known and unknown risks, uncertainties and other
important factors beyond the Noble Group's control that could cause
the Noble Group's actual results, performance or achievements to
differ materially from any future results, performance or
achievements expressed or implied by such forward-looking
statements.
Any forward-looking statements included in this announcement,
including any attachment hereto, speak only as of today. Noble does
not intend, and does not assume, any obligations to update any
forward-looking statements contained herein, except as may be
required by law or the rules of the New York Stock Exchange or
Nasdaq Copenhagen. All subsequent written and oral forward-looking
statements attributable to Noble or to persons acting on its behalf
are expressly qualified in their entirety by the cautionary
statements referred to above and contained in this announcement,
including any attachment hereto.
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