Noble Corporation plc announces changes to its share capital including share repurchases for the month of September 2024
Noble plc (NYSE: NE) has announced changes to its share capital for September 2024. The company repurchased approximately $205.7 million of A ordinary shares at a weighted average price of $35.63 per share, with 6,938,128 repurchased shares cancelled. Additionally, 45 new A ordinary shares were issued due to warrant exercises at $23.13 per share, generating $1,040.85 in proceeds.
Following these changes, Noble has 160,341,619 A ordinary shares outstanding. The company also announced its intention to voluntarily delist from NASDAQ Copenhagen in late 2024 or early 2025, while maintaining its primary listing on the New York Stock Exchange. Shareholders of Danish Shares have options to transfer their shares to NYSE or sell prior to delisting.
Noble plc (NYSE: NE) ha annunciato modifiche al proprio capitale sociale per settembre 2024. L'azienda ha riacquistato circa 205,7 milioni di dollari di azioni ordinarie di tipo A a un prezzo medio ponderato di $35,63 per azione, con 6.938.128 azioni riacquistate cancellate. Inoltre, sono state emesse 45 nuove azioni ordinarie di tipo A a seguito dell'esercizio di warrant a $23,13 per azione, generando introiti per $1.040,85.
In seguito a queste modifiche, Noble ha 160.341.619 azioni ordinarie di tipo A in circolazione. L'azienda ha anche annunciato la sua intenzione di dislistarsi volontariamente da NASDAQ Copenhagen entro la fine del 2024 o all'inizio del 2025, mantenendo tuttavia la sua quotazione principale sulla Borsa di New York. Gli azionisti delle azioni danesi hanno la possibilità di trasferire le loro azioni al NYSE o di venderle prima del dislisting.
Noble plc (NYSE: NE) ha anunciado cambios en su capital social para septiembre de 2024. La empresa ha recomprado aproximadamente $205.7 millones de acciones ordinarias de tipo A a un precio promedio ponderado de $35.63 por acción, con 6,938,128 acciones recompradas canceladas. Además, se emitieron 45 nuevas acciones ordinarias de tipo A debido al ejercicio de warrants a $23.13 por acción, generando $1,040.85 en ingresos.
Tras estos cambios, Noble tiene 160,341,619 acciones ordinarias de tipo A en circulación. La compañía también anunció su intención de deslistar voluntariamente de NASDAQ Copenhagen a finales de 2024 o principios de 2025, mientras mantiene su cotización principal en la Bolsa de Nueva York. Los accionistas de Acciones Danesas tienen opciones para transferir sus acciones al NYSE o vender antes del deslistado.
Noble plc (NYSE: NE)는 2024년 9월에 대한 자본 변경 사항을 발표했습니다. 이 회사는 약 2억 570만 달러의 A 종류 보통주를 재매입했습니다. 재매입한 주식 6,938,128주는 취소되고, 평균 가중 가격은 주당 $35.63입니다. 또한, 45주 새로운 A 종류 보통주가 $23.13에 대한 워런트 행사로 발행되어 $1,040.85의 수익을 창출했습니다.
이러한 변경에 따라 Noble은 160,341,619주의 A 종류 보통주를 보유하고 있습니다. 이 회사는 2024년 말 또는 2025년 초에 NASDAQ 코펜하겐에서 자발적으로 상장 폐지할 의도를 발표했으며, 뉴욕 증권거래소에서의 주요 상장은 유지할 예정입니다. 덴마크 주식의 주주들은 NYSE로 주식을 이전하거나 상장 폐지 전에 판매할 수 있는 옵션이 있습니다.
Noble plc (NYSE: NE) a annoncé des changements à son capital social pour septembre 2024. L'entreprise a racheté environ 205,7 millions de dollars d'actions ordinaires de type A à un prix moyen pondéré de 35,63 $ par action, avec 6 938 128 actions rachetées annulées. De plus, 45 nouvelles actions ordinaires de type A ont été émises suite à des exercices de warrants à 23,13 $ par action, générant 1 040,85 $ de revenus.
Suite à ces changements, Noble a 160 341 619 actions ordinaires de type A en circulation. L'entreprise a également annoncé son intention de se retirer volontairement de NASDAQ Copenhague à la fin de 2024 ou au début de 2025, tout en maintenant sa cotation principale à la Bourse de New York. Les actionnaires d'actions danoises ont la possibilité de transférer leurs actions vers le NYSE ou de vendre avant le retrait.
Noble plc (NYSE: NE) hat Änderungen des Aktienkapitals für September 2024 angekündigt. Das Unternehmen hat etwa 205,7 Millionen Dollar an A-Stammaktien zurückgekauft zu einem gewogenen Durchschnittspreis von $35,63 pro Aktie, wobei 6.938.128 zurückgekaufte Aktien storniert wurden. Darüber hinaus wurden 45 neue A-Stammaktien aufgrund von Warrants zu einem Preis von $23,13 pro Aktie ausgegeben, wodurch Einnahmen in Höhe von $1.040,85 erzielt wurden.
Nach diesen Änderungen hat Noble 160.341.619 A-Stammaktien ausstehend. Das Unternehmen gab auch seine Absicht bekannt, sich Ende 2024 oder Anfang 2025 freiwillig von der NASDAQ Kopenhagen zurückzuziehen, während es sein Hauptlisting an der New Yorker Börse beibehält. Aktionäre dänischer Aktien haben die Möglichkeit, ihre Aktien an die NYSE zu übertragen oder vor dem Delisting zu verkaufen.
- Repurchased $205.7 million of A ordinary shares at $35.63 per share
- Generated $1,040.85 from warrant exercises
- Maintains primary listing on NYSE after planned NASDAQ Copenhagen delisting
- Cancellation of 6,938,128 repurchased A ordinary shares
- Planned delisting from NASDAQ Copenhagen may affect Danish shareholders
Insights
The repurchase of
The cancellation of 6,938,128 shares will reduce the total share count, potentially boosting earnings per share. However, the issuance of 45 new shares from warrant exercises is negligible in comparison.
The planned delisting from NASDAQ Copenhagen, while maintaining NYSE listing, could streamline operations and reduce compliance costs. This move may impact European investors' accessibility to the stock, potentially affecting liquidity in the short term.
Overall, the substantial share buyback is the most impactful element, likely to be viewed positively by investors focused on shareholder returns and management's confidence in the company's valuation.
A total of 6,938,128 repurchased A ordinary shares have been cancelled, including certain A ordinary shares repurchased during the month of August.
During the period since September 4, 2024, 45 new A ordinary shares each with a nominal value of
45 new A ordinary shares have been issued to certain holders of warrants as a consequence of the exercise of warrants. The exercise price was
The new A ordinary shares carry the same rights as the existing A ordinary shares of Noble. The new A ordinary shares will be listed on the New York Stock Exchange as well as admitted to trading and official listing on Nasdaq Copenhagen.
As a result of the changes, there are a total of 160,341,619 A ordinary shares of Noble issued and outstanding with a nominal value of
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 | 160,341,619 | 160,341,619 | |
Total | 160,341,619 | 160,341,619 |
Intention to delist from NASDAQ Copenhagen
Noble intends to voluntarily delist from NASDAQ Copenhagen ("NASDAQ"), effective in late 2024 or early 2025. Noble will remain traded on the New York Stock Exchange ("NYSE"), as Noble's primary listing exchange.
To avoid holding Noble shares (in the form share entitlements currently tradeable on NASDAQ, the "Danish Shares") that are not tradeable on a registered market following the effective date of the delisting, holders of Danish Shares 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.
Noble 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 Noble 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.
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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SOURCE Noble Corporation plc
FAQ
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