Noble Corporation plc announces changes to its share capital

SUGAR LAND, Texas, October 15, 2022 /PRNewswire/ — Noble Corporation plc (“Noble”) (CSE: NOBLE, NYSE: NE) today announced changes to its share capital. During the period since October 3, 2022345,033 new ordinary A shares of nominal value each $0.00001 have been issued. The new A common shares were issued to certain directors, officers and employees of Noble at no cost following the vesting of restricted stock units. The new ordinary A shares carry the same rights as the existing ordinary A shares of Noble. The new ordinary A shares are expected to be admitted to trading and official listing on Nasdaq Copenhagen.

In addition, 30,459 ordinary shares A with a par value of $0.00001 each (the “Excess Shares”) issued pursuant to the closing of the recommended voluntary share exchange offer to shareholders of The Drilling Company of 1972 A/S (“Maersk Drilling”) (the “Excess Share Offer”). ‘exchange’) has been cancelled. The excess shares were issued by Noble in connection with the closing of the exchange offer. As further described in the offer document issued by Noble on August 8, 2022, the excess shares were issued due to the exchange ratio of 1.6137 rights of action, representing Noble shares, for each Maersk Drilling share outstanding, which entitles holders of acceptance shares to a number of fractional share rights, representing fractional Noble shares. These fractional rights were not delivered as part of the exchange offer to the holders of acceptance shares, but were instead settled in cash in accordance with the terms of the exchange offer. Consequently, the Reducible Shares, representing all the fractional rights not delivered under the Exchange Offer, have been cancelled.

Following the changes and to date, there are a total of 130,805,333 issued and outstanding Class A common shares of Noble with a par value of $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 contract drilling of oil and gas wells since 1921. Noble, through its subsidiaries, provides contract drilling services with a fleet of offshore drilling units focused on large part on ultra-deepwater and high-specification jack-up drilling opportunities in both established and emerging regions in the world. For more information visit or email [email protected].


This announcement is for informational purposes only and does not constitute or contain any invitation, solicitation, recommendation, offer or advice to anyone to subscribe for or acquire or transfer securities of Noble.

Certain statements contained in this announcement, including the attachments hereto, may constitute forward-looking statements. Forward-looking statements are statements (other than statements of historical facts) relating to future events and the anticipated or expected financial and operating performance of Noble and its subsidiaries (collectively, the “Noble Group”). The words “targets”, “believes”, “continues”, “expects”, “aims”, “intends”, “plans”, “seeks”, “will”, “may”, ” may”, “anticipates”, “would”, “could”, “should”, “estimates”, “projects”, “potentially” or similar expressions or negatives thereof, identify some 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 from 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, these forward-looking statements are based on Noble’s current expectations, estimates, forecasts, assumptions and projections regarding the Noble Group’s business and the industry. . in which the Noble Group operates and/or which have been extracted from publications, reports and other materials 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 ability to control that could cause the actual results, performance or achievements of the Noble Group to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements.

All forward-looking statements included in this announcement, including any attachments hereto, speak only as of the date. Noble does not intend and undertakes no obligation to update any forward-looking statements contained herein, except as 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 persons acting on its behalf are expressly qualified in their entirety by the cautionary statements set forth above and contained in this announcement, including any attachments hereto.

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