Noble Corporation Announces Plan To List On New York Stock Exchange
Noble Corporation has announced the approval to list its ordinary shares on the New York Stock Exchange (NYSE) under the ticker symbol NE, with trading set to begin on June 9, 2021. This move aims to enhance trading liquidity and attract a broader investor base. The company operates a modern fleet of 24 offshore drilling units, focusing on ultra-deepwater and high-specification drilling opportunities worldwide. Noble's CEO, Robert Eifler, emphasized the significance of this listing in positioning the company as a premier investment platform for offshore drilling.
- Approval to list ordinary shares on NYSE enhances trading liquidity.
- Broader potential investor base expected from NYSE listing.
- Noble operates a modern and versatile fleet of 24 offshore drilling units.
- Risks related to emergence from bankruptcy.
- Potential adverse effects from COVID-19 on business operations.
- Uncertainties in the oil market impacting pricing and demand.
SUGAR LAND, Texas, June 4, 2021 /PRNewswire/ -- Noble Corporation ("Noble" or the "Company") today announced that the Company has received approval for listing its ordinary shares on the New York Stock Exchange ("NYSE"). Trading is expected to commence under the ticker symbol "NE" at market open on June 9, 2021.
Robert Eifler, President and Chief Executive Officer of Noble, stated, "Listing our ordinary shares on the NYSE is an important step as we continue to position Noble as a premier investment platform for offshore drilling. We believe a NYSE listing will provide additional trading liquidity and broaden our base of potential investors. We are excited to return to the NYSE where Noble's stock traded for many years."
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. Currently, Noble performs, through its subsidiaries, contract drilling services with a fleet of 24 offshore drilling units, consisting of 12 drillships and semisubmersibles and 12 jackups, focused largely on ultra- deepwater and high-specification jackup drilling opportunities in both established and emerging regions worldwide. Noble is an exempted company incorporated in the Cayman Islands with limited liability with registered office at P.O. BOX 31327,
Ugland House, S. Church Street, Georgetown, Grand Cayman, KY1-1104. Additional information on Noble is available at www.noblecorp.com.
Forward-looking Disclosure Statement
This communication includes "forward-looking statements" within the meaning of
Section 27A of the Securities Act and Section 21E of the Exchange Act. All statements other than statements of historical facts included in this communication, including those regarding the effect, impact, and other implications of our plan to list ordinary shares on the New York Stock Exchange, are forward-looking statements. When used in this report, or in the documents incorporated by reference, the words "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "might," "plan," "project," "should," "shall" and "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. We have identified factors, including, but not limited to, uncertainties relating to our emergence from bankruptcy, the ability to recognize the anticipated benefits of the Pacific Drilling acquisition, the effects of public health threats, pandemics and epidemics, such as the recent and ongoing outbreak of COVID-19, and the adverse impact thereof on our business, financial condition and results of operations (including but not limited to our growth, operating costs, supply chain, availability of labor, logistical capabilities, customer demand for our services and industry demand generally, our liquidity, the price of our securities and trading markets with respect thereto, our ability to access capital markets, and the global economy and financial markets generally), the effects of actions by, or disputes among OPEC+ members with respect to production levels or other matters related to the price of oil, market conditions, factors affecting the level of activity in the oil and gas industry, supply and demand of drilling rigs, factors affecting the duration of contracts, the actual amount of downtime, factors that reduce applicable dayrates, operating hazards and delays, risks associated with operations outside the US, actions by regulatory authorities, credit rating agencies, customers, joint venture partners, contractors, lenders and other third parties, legislation and regulations affecting drilling operations, compliance with regulatory requirements, violations of anti-corruption laws, shipyard risk and timing, delays in mobilization of rigs, hurricanes and other weather conditions, and the future price of oil and gas, that could cause actual plans or results to differ materially from those included in any forward-looking statements. These factors include those "Risk Factors" referenced or described in the Company's most recent Form 10-K, Form 10-Q's, and other filings with the 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.
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SOURCE Noble Corporation
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