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Noble Corporation plc announces changes to its share capital

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Noble Corporation plc (NYSE: NE) announced significant changes to its share capital as of January 31, 2023. Since December 30, 2022, the company issued 122 new A ordinary shares due to warrant exercises, generating total proceeds of USD 2,463.27. The exercise prices were USD 19.27 for 15 shares and USD 23.13 for 94 shares. Concurrently, Noble cancelled 270,098 A ordinary shares acquired through a repurchase program. This adjustment leaves a total of 134,410,871 A ordinary shares outstanding, with a nominal value of USD 0.00001 each. The new shares will be listed on Nasdaq Copenhagen.

Positive
  • Issuance of 122 new A ordinary shares increases liquidity.
  • Generated proceeds of USD 2,463.27 from warrant exercises.
Negative
  • Cancellation of 270,098 A ordinary shares may indicate reduced share demand.

SUGAR LAND, Texas, Jan. 31, 2023 /PRNewswire/ -- Noble Corporation plc ("Noble") (CSE: NOBLE, NYSE: NE) today announces changes to its share capital. During the period since December 30, 2022, 122 new A ordinary shares each with a nominal value of USD 0.00001 have been issued and 270,098 A ordinary shares have been cancelled.

122 new A ordinary shares have been issued to certain holders of warrants as a consequence of the exercise of warrants. The exercise price was USD 19.27 per A ordinary share for 15 of the new A ordinary shares, USD 23.13 per A ordinary share for 94 of the new A ordinary shares and 13 A ordinary shares were issued as a result of a cashless exercise. The total proceeds to Noble from the warrant exercises amount to USD 2,463.27.

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. 

In addition, 270,098 A ordinary shares which had been acquired by Noble through a share repurchase program have been cancelled.

As a result of the changes, there are a total of 134,410,871 A ordinary shares of Noble issued and outstanding with a nominal value of USD 0.00001 each.

Pursuant to section 32 of the Danish Capital Markets Act, Noble also hereby announces the total nominal value of its issued share capital and the total number of voting rights:


Number of shares

Number of voting rights

Share capital

A ordinary shares of USD 0.00001

134,410,871

134,410,871

1,344.10871

Total

134,410,871

134,410,871

1,344.10871

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.

Cision View original content:https://www.prnewswire.com/news-releases/noble-corporation-plc-announces-changes-to-its-share-capital-301735377.html

SOURCE Noble Corporation plc

FAQ

What changes did Noble Corporation announce regarding its share capital?

Noble Corporation announced the issuance of 122 new A ordinary shares and the cancellation of 270,098 A ordinary shares.

How much did Noble Corporation raise from the warrant exercises?

Noble Corporation raised a total of USD 2,463.27 from the warrant exercises.

What is the current total number of A ordinary shares for Noble Corporation?

As of the latest announcement, Noble Corporation has 134,410,871 A ordinary shares outstanding.

When will the new A ordinary shares be listed?

The new A ordinary shares will be admitted to trading on Nasdaq Copenhagen.

Noble Corporation plc

NYSE:NE

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4.63B
126.58M
20.63%
78.68%
7.18%
Oil & Gas Drilling
Drilling Oil & Gas Wells
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United States of America
SUGAR LAND