Noble Corporation plc ("Noble") announces changes to its share capital. During the month of November, Noble has repurchased approximately USD 36.6 million of A ordinary shares under its previously announced share repurchase plan at a weighted average price of approximately USD 33.85 per A ordinary share.
During the period since October 31, 2024, 12,536 new A ordinary shares each with a nominal value of USD 0.00001 have been issued.
6,992 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 5,845 of the new A ordinary shares, USD 23.13 per A ordinary share for 465 of the new A ordinary shares, USD 124.40 per A ordinary share for 24 of the new A ordinary shares, USD 29.22 per Diamond Offshore Common Stock delivered as Merger Consideration for 648 of the new A ordinary shares and 10 new A ordinary shares were issued as a result of a cashless exercise. The total proceeds to Noble from the warrant exercises amount to approximately USD 0.1 million.
Additionally, 5,544 new A ordinary shares have been issued to certain employees of Noble at no cost as a result of the vesting of restricted stock units.
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 160,382,900 A ordinary shares of Noble issued and outstanding with a nominal value of USD 0.00001 each.
Noble has received approval from Nasdaq Copenhagen for a voluntary delisting of its shares on Nasdaq Copenhagen
Noble has on November 18, 2024 received approval from Nasdaq Copenhagen for a voluntary removal from trading and official listing of its shares (in the form of share entitlements) (the "Danish Shares") on Nasdaq Copenhagen (the "Delisting").
The last day of trading on Nasdaq Copenhagen will be December 16, 2024 and the Delisting will be effective on December 17, 2024. Following the Delisting, the Danish Shares will no longer be tradable on Nasdaq Copenhagen.
In connection with the Delisting, holders of Danish Shares may:
Dispose of their Danish Shares on Nasdaq Copenhagen before the Delisting is effective; or
Convert their Danish Shares to an equivalent number of Noble shares tradeable on the New York Stock Exchange.
Alternatively, holders of Danish Shares may do nothing but will hold an illiquid asset following the Delisting.
For further information about the Delisting or the options available to holders of Danish Shares, see Noble's announcement of November 14, 2024 regarding the submission of request for removal from trading and official listing on Nasdaq Copenhagen.
