17 Aug 2020listing compliance notice● NeutralMajor
Noble Corp's exchange filed to remove a class of its securities from listing.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
11 Aug 2020director interest notice● Neutral
Noble Corp Executive Chairman Julie J Robertson sold 850,815 shares at $0.04.
10 Aug 2020director interest notice● Neutral
Noble Corp Vice President & Controller Laura D. Campbell sold 19,477 shares at $0.04.
10 Aug 2020director interest notice● Neutral
Noble Corp Executive Chairman Julie J Robertson sold 483,060 shares at $0.04.
7 Aug 2020quarterly activities report▼ Bad
Noble Corp reported quarterly revenue of $241.8 million and a net loss of $50.9 million for the period ended 2020-09-30.
5 Aug 2020quarterly activities report▼ Bad
Noble Corp reported quarterly revenue of $241.8 million and a net loss of $50.9 million for the period ended 2020-09-30.
4 Aug 2020director interest notice● Neutral
Noble Corp Vice President & Controller Laura D. Campbell exercised stock options for 5,827 shares and disposed of 7,246 shares.
31 July 2020bankruptcy or receivership▼ BadMajor
Noble Corporation plc and certain subsidiaries, including Noble-Cayman, filed for Chapter 11 bankruptcy in Texas on July 31, 2020, with a Restructuring Support Agreement backed by holders of about 70% of the 2026 guaranteed notes and about 45% of the legacy notes. Under the plan terms, revolving lenders are paid in full, guaranteed noteholders get 63.5% of the new shares, legacy noteholders get 4.1% plus warrants, and existing shareholders get only 5-year warrants for 4% of the fully diluted new shares (if they vote to approve the plan) or the warrants without a vote; if shareholders are given a vote and reject the plan, their shares are extinguished with no recovery. This ends the NYSE-compliance and reverse-split thread from earlier in the year in the worst way for current shareholders; the plan is not yet confirmed.
21 July 2020director interest notice● Neutral
Noble Corp President & CEO Robert W. Eifler exercised stock options for 27,742 shares and disposed of 38,659 shares.
10 July 2020substantial holder notice● Neutral
BlackRock, Inc reported a Noble Corp shareholding of 7,688,839 shares (3.10% of votes) in a periodic institutional filing.
9 July 2020director interest notice● Neutral
Noble Corp Sr. VP & CFO Richard B. Barker disposed of 750,000 shares via option/appreciation-right settlement.
9 July 2020director interest notice● Neutral
Noble Corp Executive Chairman Julie J Robertson disposed of 1,977,778 shares via option/appreciation-right settlement.
9 July 2020director interest notice● Neutral
Noble Corp President & CEO Robert W. Eifler disposed of 1,666,667 shares via option/appreciation-right settlement.
9 July 2020director interest notice● Neutral
Noble Corp Sr. VP, Gen Counsel & Corp Sec William E Turcotte disposed of 483,871 shares via option/appreciation-right settlement.
9 July 2020director interest notice● Neutral
Noble Corp Sr. VP - Operations Barry Michael Smith disposed of 483,871 shares via option/appreciation-right settlement.
9 July 2020director interest notice● Neutral
Noble Corp Vice President & Controller Laura D. Campbell disposed of 96,774 shares via option/appreciation-right settlement.
9 June 2020substantial holder notice● Neutral
BlackRock, Inc reported a Noble Corp shareholding of 23,044,225 shares (9.20% of votes) in a periodic institutional filing.
5 June 2020director interest notice● Neutral
Noble Corp Sr. VP - Operations Barry Michael Smith exercised stock options for 116,666 shares and disposed of 145,075 shares.
21 May 2020director interest notice● Neutral
Kevin S Corbett became a Noble Corp director and company insider (initial ownership filing).
7 May 2020quarterly activities report▼ Bad
Noble Corp reported quarterly revenue of $237.9 million and a net loss of $42.2 million for the period ended 2020-06-30.
6 May 2020quarterly activities report▼ Bad
Noble Corp reported quarterly revenue of $237.9 million and a net loss of $42.2 million for the period ended 2020-06-30.
27 Apr 2020director interest notice● Neutral
Blake Denton became a Noble Corp VP-Marketing & Contracts and company insider (initial ownership filing).
10 Apr 2020quarterly activities report▼ Bad
Noble Corp reported quarterly revenue of $281.3 million and a net loss of $1062.7 million for the period ended 2020-03-31.
7 Apr 2020agm notice● Neutral
Noble Corp announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
20 Feb 2020listing compliance notice▼ BadMajor
The NYSE told Noble on February 19, 2020 that its shares averaged below $1.00 over 30 trading days, starting a six-month period to get back above the minimum. Noble says it will respond and may consider a reverse stock split, which would need board and shareholder approval. The shares keep trading as 'NE' with a '.BC' (below compliance) tag, and the company says the notice does not affect operations, SEC reporting, or trigger a violation of its material debt obligations. Delisting procedures would apply if compliance is not regained. The press release lists a fleet of 25 units (12 drillships and semisubmersibles, 13 jackups), down from 30 units in 2016.
20 Feb 2020securities registration● Neutral
Noble Corp amended an already-effective registration statement.
20 Feb 2020securities registration● Neutral
Noble Corp amended its automatic shelf registration statement.
19 Feb 2020quarterly activities report▼ Bad
Noble Corp reported quarterly revenue of $281.3 million and a net loss of $1062.7 million for the period ended 2020-03-31.
14 Feb 2020substantial holder notice● Neutral
Ryan Heslop, Ariel Warszawski, Firefly Value Partners, LP, FVP GP, LLC, Firefly Management Company GP, LLC, FVP Master Fund, L.P reported a Noble Corp shareholding of 22,708,790 shares (9.10% of votes) in a periodic institutional filing.
12 Feb 2020substantial holder notice● Neutral
The Vanguard Group reported a Noble Corp shareholding of 22,041,281 shares (8.84% of votes) in a periodic institutional filing.