SUGAR
LAND, Texas, July 18,
2024 /PRNewswire/ -- Noble Corporation plc ("Noble",
"the Company") (NYSE: NE, CSE: NOBLE) announces its intention to
voluntarily delist from NASDAQ Copenhagen ("NASDAQ"). Noble will
remain traded on the New York Stock Exchange ("NYSE"), as Noble's
primary listing exchange.
Following a comprehensive review, the Company believes that the
trading volume of its share entitlements ("Danish Shares") on
NASDAQ no longer justifies the expense and administrative
requirements associated with maintaining this dual listing. The
Company's NYSE listing provides its shareholders with sufficient
liquidity, as NYSE accounts for approximately 99% of its trading
volume. The substantial savings in exchange fees, legal fees, and
managerial time and effort to maintain a dual listing can be
redirected to initiatives intended to generate shareholder value.
Noble anticipates such delisting will be effective in late 2024 or
early 2025.
To avoid holding Danish Shares that are not tradeable on a
registered market following the effective date of the delisting,
holders of Danish Shares traded on NASDAQ currently have the
following options:
- Transfer. Shareholders may transfer their Danish
Shares currently trading on NASDAQ to Noble shares trading on NYSE.
Shareholders may contact their broker to arrange for transfer. Any
transfer, brokerage or holding fees are the responsibility of the
shareholder.
- Sell. Shareholders may sell their Danish Shares on
NASDAQ prior to the effective date of the delisting.
The Company has not filed, and has not yet determined when it
will file, a formal delisting request with NASDAQ. Additional
information, including details regarding the practicalities of
final transfers and tax treatment, will be provided after the
Company submits its formal delisting request.
More information can be found on the Stockholder Information -
FAQ section of the Investor Relations page on our website at
www.noblecorp.com.
Forward-looking Statements
This communication includes
"forward-looking statements" within the meaning of Section 27A of
the Securities Act and Section 21E of the Exchange Act, as amended.
All statements other than statements of historical facts included
in this communication are forward looking statements, including
those regarding the listing of the Company on NASDAQ, the potential
delisting from NASDAQ, the timing of any such delisting and the
implications to the Company or shareholders of any such delisting.
Forward-looking statements involve risks, uncertainties and
assumptions, and actual results may differ materially from any
future results expressed or implied by such forward-looking
statements. When used in this communication, or in the documents
incorporated by reference, the words "anticipate," "believe,"
"continue," "could," "estimate," "expect," "intend," "may,"
"might," "on track," "plan," "possible," "potential," "predict,"
"project," "should," "would," "shall," "target," "will" and similar
expressions are intended to be among the statements that identify
forward-looking statements. Although we believe that the
expectations reflected in such forward-looking statements are
reasonable, we cannot assure you that such expectations will prove
to be correct. These forward-looking statements speak only as of
the date of this communication and we undertake no obligation to
revise or update any forward-looking statement for any reason,
except as required by law. Risks and uncertainties include, but are
not limited to, those detailed in Noble's most recent Annual Report
on Form 10-K, Quarterly Reports Form 10-Q and other filings with
the U.S. Securities and Exchange Commission. We cannot control such
risk factors and other uncertainties, and in many cases, we cannot
predict the risks and uncertainties that could cause our actual
results to differ materially from those indicated by the
forward-looking statements. You should consider these risks and
uncertainties when you are evaluating us.
About Noble Corporation plc
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.
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SOURCE Noble Corporation plc