Noble Corporation Announces Results Of Shareholder Vote

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Dec 22, 2014, 08:51 ET

LONDON, Dec. 22, 2014 /PRNewswire/ -- Noble Corporation (NYSE: NE) today announced the results of a special meeting of shareholders of Noble Corporation held on December 22, 2014. At the meeting, shareholders approved a proposal authorizing the Company to purchase from time to time up to 37,000,000 ordinary shares or approximately 15 percent of the Company's outstanding ordinary shares. The authority conferred by passage of this proposal will expire on the later of 16 months after the meeting date or the end of the Company's 2016 annual general meeting of shareholders. The Company has the right to begin, suspend or discontinue share repurchases at any time during the 16-month authorization. The Company can give no assurances regarding the number of shares that will ultimately be repurchased or the timing of such repurchases.

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 performs, through its subsidiaries, contract drilling services with a fleet of 35 offshore drilling units, consisting of 20 semisubmersibles and drillships and 15 jackups, focused largely on ultra-deepwater and high-specification jack-up drilling opportunities in both established and emerging regions worldwide. Noble is a public limited company registered in England and Wales with company number 08354954 and registered office at Devonshire House, 1 Mayfair Place, London, W1J 8AJ England. Additional information on Noble is available at www.noblecorp.com.

This news release contains forward-looking statements. Statements regarding the including the commencement, duration and discontinuance of share repurchases, the number of shares to be repurchased, as well as any other statements that are not historical facts in this release, are forward-looking statements that involve certain risks, uncertainties and assumptions. These include but are not limited to actions by governmental and regulatory authorities, employee relations, market and business conditions, the Company's financial results and performance, changes in law, availability and terms of any financing, satisfaction of regulatory conditions, actions by customers and other third parties, 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, violations of anti-corruption laws, weather conditions, the future price of oil and gas and other factors detailed in Noble's most recent Form 10-K, Form 10-Q and other filings with the U.S. Securities and Exchange Commission.

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SOURCE Noble Corporation