Noble Corporation plc Buyback
OLI recorded this information on 10/28/2014
Company: |
Noble Corporation plc |
Buyback: |
NE buyback |
Share Amount Authorized: |
37,000,000 |
Buyback Details: |
Noble Corporation plc (NYSE:NE) announced today that the Company's Board of Directors has authorized the Company to seek approval from its shareholders to increase the Company's authority to repurchase its outstanding shares. The approval is expected to be sought at a Special Meeting of Shareholders, which is scheduled for December 22, 2014. The Company intends to file a preliminary proxy statement with the United States Securities and Exchange Commission with a proposal to authorize the potential repurchase of up to an aggregate of 37,000,000 shares, or approximately 15 percent of the Company's ordinary shares outstanding. Purchases by the Company could be made through financial intermediaries pursuant to open market purchases or privately negotiated transactions. This authorization would be in addition to the Company's existing share repurchase authorization under which approximately 4.8 million shares remained available for purchase as of September 30, 2014. |
Noble is an offshore drilling contractor for the oil and gas industry. Co. owns and operates fleets in the offshore drilling industry. Co. performs, through its subsidiaries, contract drilling services focused mainly on ultra-deepwater and high-specification jackup drilling opportunities worldwide.
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