23 Dec 2021substantial holder notice● Neutral
Famatown Finance Limited, Greenwich Holdings Limited, C.K. Limited* disclosed a new substantial Valaris Ltd shareholding (6.20% of votes).
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
10 Dec 2021material agreement● NeutralMajor
On December 9, 2021 Valaris signed a support agreement with Famatown Finance Limited under which it will let Famatown appoint a board observer until the 2022 annual general meeting. If Famatown buys more shares and the board considers the amount sufficient, Famatown's nominee will be appointed a director. Famatown must keep at least 5% of the common shares or the rights end, and it accepts standstill and voting commitments. The filing does not say how many shares Famatown holds or what it paid.
10 Dec 2021director interest notice● Neutral
Valaris Ltd President & CEO Anton Dibowitz received 103,304 shares and a 511,299-share option grant as part of the equity award.
2 Nov 2021quarterly activities report▼ Bad
Valaris Ltd reported quarterly revenue of $326.7 million and a net loss of $54.5 million for the period ended 2021-09-30.
2 Nov 2021quarterly activities report▼ Bad
Valaris Ltd reported quarterly revenue of $326.7 million and a net loss of $54.5 million for the period ended 2021-09-30.
27 Oct 2021production update▲ Good
Valaris filed its routine fleet status report as of October 27, 2021. New work includes a two-year ExxonMobil contract offshore Angola for DS-9 from June 2022, a Petrobras contract for DS-4 offshore Brazil (minimum 548 days) from early Q2 2022, and several short jackup and semisubmersible jobs. Total contract backlog is now $2,318.0 million, plus $378.7 million as Valaris's 50% share of ARO Drilling's owned-rig backlog (adjusted total $2,696.7 million), up from $2,223.7 million in the August report. Rigs 22 and 100 were sold and retired, and rig 142 was sold to an operator with use restricted to specific assets.
7 Sept 2021director interest notice● Neutral
Darin Gibbins became a Valaris Ltd Interim CFO and VP and company insider (initial ownership filing).
27 Aug 2021director interest notice● Neutral
Valaris Ltd 10%+ owner Oak Hill Advisors LP bought 200,499 shares on the open market.
23 Aug 2021director interest notice● Neutral
Valaris Ltd 10%+ owner Oak Hill Advisors LP bought 232,518 shares on the open market.
3 Aug 2021production update▲ Good
A routine fleet status report as of August 2, 2021 lists new contracts and extensions, including a three-year Chevron contract for DS-18 from Q1 2022, a two-year Occidental contract for DS-16 from May 2022, an eight-well TotalEnergies contract for DS-11 from mid-2024 subject to a final investment decision, and a three-year North Oil Company contract for JU-110 in Qatar. Total contract backlog was $2,223.7 million at August 2, 2021, up from $1,171.4 million at April 30, 2021, with a further $409.4 million as Valaris's 50% share of ARO Drilling's owned-rig backlog.
21 July 2021director interest notice● Neutral
Valaris Ltd Controller Colleen Grable received 12,333 shares as part of the equity award.
21 July 2021director interest notice● Neutral
Valaris Ltd Senior Vice President & COO Gilles Luca received 41,403 shares and a 173,891-share option grant as part of the equity award.
21 July 2021director interest notice● Neutral
Valaris Ltd President and CEO Thomas Peter Burke received 115,047 shares and a 483,194-share option grant as part of the equity award.
21 July 2021director interest notice● Neutral
Valaris Ltd SVP-Business Development Alan Quintero received 29,424 shares and a 123,574-share option grant as part of the equity award.
21 July 2021director interest notice● Neutral
Valaris Ltd Executive Vice President & CFO Jonathan Baksht received 43,695 shares and a 183,510-share option grant as part of the equity award.
7 July 2021securities registration● Neutral
Valaris Ltd amended a filing by which it registered a securities offering with the SEC.
6 July 2021director interest notice● Neutral
Valaris Ltd director Anton Dibowitz received 18,434 shares as part of the equity award.
6 July 2021director interest notice● Neutral
Anton Dibowitz became a Valaris Ltd director and company insider (initial ownership filing).
25 June 2021substantial holder notice● Neutral
Oak Hill Advisors, L.P, Oak Hill Advisors GenPar, L.P, Oak Hill Advisors MGP, Inc, Glenn R. August disclosed a new substantial Valaris Ltd shareholding (12.00% of votes).
17 June 2021director interest notice● Neutral
Valaris Ltd director Elizabeth Leykum received 27,953 shares as part of the equity award.
17 June 2021director interest notice● Neutral
Valaris Ltd director Elizabeth Leykum received 27,953 shares as part of the equity award.
17 June 2021director interest notice● Neutral
Valaris Ltd 10%+ owner Oak Hill Advisors LP received 22,023 shares as part of the equity award.
17 June 2021director interest notice● Neutral
Valaris Ltd director Dick Fagerstal received 22,023 shares as part of the equity award.
17 June 2021director interest notice● Neutral
Valaris Ltd director Joseph Goldschmid received 22,023 shares as part of the equity award.
17 June 2021director interest notice● Neutral
Valaris Ltd director Deepak Munganahalli received 22,023 shares as part of the equity award.
17 June 2021director interest notice● Neutral
Valaris Ltd director James W Swent III received 22,023 shares as part of the equity award.
15 June 2021securities registration● Neutral
Valaris Ltd amended a filing by which it registered a securities offering with the SEC.
15 June 2021securities registration● Neutral
Valaris Ltd amended a filing by which it registered a securities offering with the SEC.
15 June 2021securities registration● Neutral
Valaris Ltd amended a filing by which it registered a securities offering with the SEC.
15 June 2021securities registration● Neutral
Valaris Ltd amended a filing by which it registered a securities offering with the SEC.