22 Dec 2021securities registration● Neutral
Noble Corp amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
15 Nov 2021director interest notice● Neutral
Noble Corp 10%+ owner Pacific Investment Management CO LLC sold 4,317 shares at $25.50.
10 Nov 2021business combination▲ GoodMajor
On Nov 10, 2021 Noble agreed a business combination with Maersk Drilling. A new UK-domiciled holding company (Topco) will exchange its shares for Noble's one-for-one and make an exchange offer to Maersk Drilling shareholders at 1.6137 Topco shares per share, with a cash option capped at $50 million total. Former Noble and Maersk Drilling shareholders would each own about 50% of the combined company, which keeps the Noble Corporation name, is headquartered in Houston, and has a seven-person board chaired by Noble's Chuck Sledge with Robert Eifler as CEO. Closing is expected mid-2022, subject to conditions including at least 80% acceptance (reducible to 70%), Noble shareholder approval, antitrust and foreign investment clearances, and NYSE and Nasdaq Copenhagen listings. The agreement has an End Date of Aug 10, 2022, which can be extended to Nov 10, 2022 and then Feb 10, 2023 if only antitrust approval is outstanding. Existing Noble shareholders keep their holdings, converted one-for-one into the new company, and the existing warrants carry over on the same terms.
5 Nov 2021quarterly activities report▼ Bad
Noble Corp reported quarterly revenue of $250.4 million and a net loss of $23.7 million for the period ended 2021-09-30.
5 Nov 2021quarterly activities report▼ Bad
Noble Corp reported quarterly revenue of $250.4 million and a net loss of $23.7 million for the period ended 2021-09-30.
27 Oct 2021director interest notice● Neutral
Noble Corp 10%+ owner Pacific Investment Management CO LLC sold 1,003,028 shares.
25 Oct 2021director interest notice● Neutral
Noble Corp 10%+ owner Pacific Investment Management CO LLC sold 30,000 shares at $27.25.
19 Oct 2021director interest notice● Neutral
Noble Corp 10%+ owner Pacific Investment Management CO LLC sold 16,329 shares at $27.20.
13 Oct 2021director interest notice● Neutral
Noble Corp 10%+ owner Pacific Investment Management CO LLC sold 5,781 shares at $26.81.
12 Oct 2021director interest notice● Neutral
Noble Corp 10%+ owner Pacific Investment Management CO LLC sold 65,318 shares.
7 Oct 2021director interest notice● Neutral
Noble Corp 10%+ owner Pacific Investment Management CO LLC sold 32,100 shares.
5 Oct 2021director interest notice● Neutral
Noble Corp 10%+ owner Pacific Investment Management CO LLC sold 77,301 shares.
1 Oct 2021director interest notice● Neutral
Noble Corp 10%+ owner Pacific Investment Management CO LLC sold 19,500 shares.
9 Sept 2021quarterly activities report▼ Bad
Noble Corp reported quarterly revenue of $250.4 million and a net loss of $23.7 million for the period ended 2021-09-30.
3 Sept 2021business combination▼ Bad
This filing supplies pro forma financial statements for the completed April 2021 Pacific Drilling merger, which the earlier 8-K had promised. They show it as if it happened Jan 1, 2020, with 66.6 million pro forma shares (50.0 million Noble plus 16.6 million for Pacific) and a pro forma net loss of $108.8 million for the six months to June 30, 2021. It also records that Noble emerged from Chapter 11 on Feb 5, 2021, and adds a hurricane risk factor: on Aug 29, 2021 Hurricane Ida separated the lower marine riser package and some riser joints from the Noble Globetrotter II during transit. Damage is still being assessed and insurance carries a $10 million deductible.
26 Aug 2021material agreement▲ GoodMajor
On Aug 25, 2021 Noble and subsidiaries agreed to sell its four Saudi Arabian jackups (Noble Roger Lewis, Scott Marks, Joe Knight, Johnny Whitstine) to ADES International Holding for US$292,415,000 in cash, subject to adjustment. The press release says about $285 million net cash is expected and that this positions Noble to prioritise repaying debt and returning cash to shareholders. Closing is expected in Q4 2021, subject to novation of the drilling contracts, regulatory approvals, and sale of at least three of the four rigs. After closing Noble expects no ongoing Saudi operations. This is a new thread that shrinks the jackup fleet from 12.
5 Aug 2021quarterly activities report● Neutral
Noble Corp reported quarterly revenue of $219.3 million and net income of $20.4 million for the period ended 2021-06-30.
3 Aug 2021quarterly activities report● Neutral
Noble Corp reported quarterly revenue of $219.3 million and net income of $20.4 million for the period ended 2021-06-30.
16 July 2021director interest notice● Neutral
Noble Corp 10%+ owner Pacific Investment Management CO LLC sold 250,000 shares.
25 June 2021director interest notice● Neutral
Noble Corp 10%+ owner Pacific Investment Management CO LLC sold 198,951 shares.
17 June 2021director interest notice● Neutral
Noble Corp 10%+ owner Pacific Investment Management CO LLC sold 3,400 shares.
15 June 2021director interest notice● Neutral
Noble Corp 10%+ owner Pacific Investment Management CO LLC sold 44,104 shares.
14 June 2021securities registration● Neutral
Noble Corp amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
11 June 2021director interest notice● Neutral
Noble Corp 10%+ owner Pacific Investment Management CO LLC sold 53,545 shares.
8 June 2021director interest notice● Neutral
Richard B. Barker became a Noble Corp Sr. VP & CFO and company insider (initial ownership filing).
8 June 2021director interest notice● Neutral
Joey M Kawaja became a Noble Corp VP, Operations and company insider (initial ownership filing).
8 June 2021director interest notice● Neutral
Blake Denton became a Noble Corp VP, Marketing & Contracts and company insider (initial ownership filing).
8 June 2021listing compliance notice▲ GoodMajor
the exchange certified Noble Corp's securities for listing, clearing them to begin trading.
8 June 2021director interest notice● Neutral
Laura D. Campbell became a Noble Corp VP, CAO & Controller and company insider (initial ownership filing).
8 June 2021director interest notice● Neutral
Patrick J Bartels Jr. became a Noble Corp director and company insider (initial ownership filing).