1 Aug 2022director interest notice● Neutral
Noble Corp 10%+ owner Pacific Investment Management CO LLC sold 166,040 shares.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
25 July 2022director interest notice● Neutral
Noble Corp 10%+ owner Pacific Investment Management CO LLC sold 70,400 shares at $25.54.
21 July 2022director interest notice● Neutral
Noble Corp 10%+ owner Pacific Investment Management CO LLC sold 591,797 shares.
19 July 2022director interest notice● Neutral
Noble Corp 10%+ owner Pacific Investment Management CO LLC sold 254,047 shares.
15 July 2022director interest notice● Neutral
Noble Corp 10%+ owner Pacific Investment Management CO LLC sold 333,756 shares.
11 July 2022director interest notice● Neutral
Noble Corp 10%+ owner Pacific Investment Management CO LLC sold 43,631 shares at $24.34.
7 July 2022director interest notice● Neutral
Noble Corp 10%+ owner Pacific Investment Management CO LLC sold 814,422 shares.
5 July 2022director interest notice● Neutral
Noble Corp 10%+ owner Pacific Investment Management CO LLC sold 341,947 shares.
23 June 2022material agreement● NeutralMajor
Noble's subsidiaries agreed on June 23, 2022 to sell five North Sea jackup rigs (Noble Hans Deul, Houston Colbert, Lloyd Noble, Sam Hartley and Sam Turner) to a new Shelf Drilling subsidiary for $375 million cash, subject to adjustment. This is the rig sale flagged earlier to answer the UK regulator's concerns about the Maersk deal. It needs UK CMA approval and customer consents, and closing is expected near the end of Q3 2022. Noble Lloyd Noble's current drilling program would continue under a bareboat charter with Shelf Drilling until Q2 2023, with the economic benefit passing to Shelf Drilling.
7 June 2022director interest notice● Neutral
Noble Corp 10%+ owner Pacific Investment Management CO LLC sold 134,910 shares at $36.66.
3 June 2022director interest notice● Neutral
Noble Corp 10%+ owner Pacific Investment Management CO LLC sold 365,090 shares.
27 May 2022director interest notice● Neutral
Noble Corp 10%+ owner Pacific Investment Management CO LLC sold 100,000 shares.
24 May 2022director interest notice● Neutral
Noble Corp 10%+ owner Pacific Investment Management CO LLC sold 143,763 shares at $31.15.
20 May 2022director interest notice● Neutral
Noble Corp 10%+ owner Pacific Investment Management CO LLC sold 6,269 shares at $34.43.
18 May 2022director interest notice● Neutral
Noble Corp 10%+ owner Pacific Investment Management CO LLC sold 944,428 shares.
16 May 2022director interest notice● Neutral
Noble Corp 10%+ owner Pacific Investment Management CO LLC sold 357,676 shares.
10 May 2022business combination▲ GoodMajor
Noble shareholders approved the Maersk Drilling combination at the May 10, 2022 special meeting: 46,066,527 votes for and 335,944 against. They also approved the share issuance for the deal and, on a non-binding advisory basis, the deal-related executive pay. This clears the Noble shareholder vote; the deal still needs the Maersk exchange offer, UK regulator approval and other closing conditions.
9 May 2022agm notice● Neutral
Noble Corp announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
3 May 2022quarterly activities report● Neutral
Noble Corp reported quarterly revenue of $275.2 million and net income of $37.1 million for the period ended 2022-06-30.
3 May 2022agm notice● Neutral
Noble Corp announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
3 May 2022quarterly activities report● Neutral
Noble Corp reported quarterly revenue of $275.2 million and net income of $37.1 million for the period ended 2022-06-30.
29 Apr 2022business combination▼ BadMajor
Four shareholder lawsuits in New York federal court claim the merger proxy left out material information, and seek to block the merger and recover damages. Noble calls them meritless but added extra disclosures to the proxy to moot them, without admitting liability. The UK CMA's Apr 22, 2022 phase 1 decision found a realistic prospect of reduced competition, so Noble and possibly Maersk Drilling plan to offer to sell the remedy rigs; mid-2022 closing is still expected only if conditional phase 1 clearance is obtained.
29 Apr 2022agm notice● Neutral
Noble Corp announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
22 Apr 2022securities registration● Neutral
Noble Corp filed the final prospectus for a registered offering.
13 Apr 2022securities registration● Neutral
Noble Corp amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
13 Apr 2022agm notice● Neutral
Noble Corp announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
12 Apr 2022business combination▼ BadMajor
Noble and Maersk Drilling said the deal has been unconditionally cleared in Brazil, Norway and Trinidad & Tobago, with only Angola (expected in April 2022) and the UK outstanding. In the UK, they expect to have to sell certain North Sea jackup rigs (Noble Hans Deul, Sam Hartley, Sam Turner, Houston Colbert and one CJ-70 rig, likely the Maersk Innovator) to get conditional clearance. The outcome and timing remain uncertain, though closing is still expected mid-2022 if phase 1 clearance is conditionally obtained.
12 Apr 2022agm notice● Neutral
Noble Corp announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
11 Apr 2022business combination● NeutralMajor
Noble filed the final proxy statement/prospectus for the Maersk Drilling combination, calling an extraordinary general meeting for May 10, 2022 in Sugar Land. Shareholders vote on the combination, the share issuance and an advisory executive-pay proposal. Noble shares convert one-for-one into new Topco shares, and penny warrants become Topco shares while other warrants carry over on the same terms. Holders of about 53% of Noble shares (funds tied to Pimco, Canyon and GoldenTree) have agreed to vote in favour, and APMH Invest, with about 41.6% of Maersk Drilling, has agreed to accept the offer.
5 Apr 2022director interest notice● Neutral
Noble Corp 10%+ owner Pacific Investment Management CO LLC sold 1,400 shares at $35.74.