Offshore drilling contractor, Noble Corporation has restructured its share capital in compliance with the Danish Capital Markets Act. The company issued 9,079 new A ordinary shares at a nominal value of $0.00001 each after September 30, 2023.
The restructuring saw 1,145 shares assigned to warrant holders following exercises that included a cashless exercise for 177 shares and others priced between $19.27 to $23.13 per share. This resulted in proceeds amounting to $20,521.60 for Noble.
In addition to the warrant exercises, Noble awarded its employees with 7,934 new A ordinary shares at no cost through the vesting of restricted stock units under an employee benefit program.
The newly issued shares will be listed on the New York Stock Exchange and Nasdaq Copenhagen with identical rights as existing shares. Following these changes, the total issued and outstanding shares of Noble now stand at 141,054,074.
Noble Corporation and its predecessors have been providing contract drilling services since 1921 with a focus on ultra-deepwater and high specification jackup drilling in both established and emerging regions worldwide. The company has also issued forward-looking statements anticipating its financial performance.
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