Noble Corporation plc announces changes to its share capital including share repurchases for the month of November 2024

Noble Corporation plc announces changes to its share capital including share repurchases for the month of November 2024

SUGAR LAND, Texas, Nov. 29, 2024 /PRNewswire/ -- Noble Corporation plc ("Noble") (NYSE: NE, CSE: NOBLE) today 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.

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:

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.

Additional information regarding the Delisting can be found 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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