Transocean Ltd. (RIG) filed a Form 8K - Other Events - with the
U.S Securities and Exchange Commission on August 12, 2014.
On August 12, 2014, Transocean Ltd. (the "Company") issued a
press release announcing the schedule for the payment of the second
installment of its U.S. dollar-denominated dividend. The
installment of $0.75 per share, or approximately $272 million, is
based upon the number of currently outstanding shares. The
installment represents the second of four quarterly installments
totaling $3.00 per share, or approximately $1.1 billion in the
aggregate, from additional paid-in capital ("APIC") which was
approved by shareholders at the Company's 2014 Annual General
Meeting held on May 16, 2014. The Company will pay the second
installment of $0.75 in accordance with the following schedule:
* August 20, 2014 - Ex-dividend date
* August 22, 2014 - Record date
* September 17, 2014 - Installment payment date
For shareholders who elect to receive the second dividend
installment in Swiss franc("CHF"), on or about September 15, 2014,
the dividend payment will be converted into CHF by Computershare.
The equivalent CHF per share will be posted to the company's
website at www.deepwater.com. Shareholders who wish to receive the
payment in CHF must make their election between 5 p.m. EDT (11 p.m.
CEST) on August 25, 2014 and 8 p.m. EDT on August 29, 2014 (2 a.m.
CEST August 30, 2014).
The Company's press release is filed as Exhibit 99.1 to this
Current Report on Form 8-K and is incorporated herein by reference.
Statements regarding the proposed dividend and timing of dividend
payment dates, as well as any other statements that are not
historical facts, are forward-looking statements that involve
certain risks, uncertainties and assumptions. Should one or more of
these risks or uncertainties materialize, or should underlying
assumptions prove incorrect, actual results may vary materially
from those indicated.
The full text of this SEC filing can be retrieved at:
http://www.sec.gov/Archives/edgar/data/1451505/000145150514000113/a8-k2q2014dividendannounce.htm
Any exhibits and associated documents for this SEC filing can be
retrieved at:
http://www.sec.gov/Archives/edgar/data/1451505/000145150514000113/0001451505-14-000113-index.htm
Public companies must file a Form 8-K, or current report, with
the SEC generally within four days of any event that could
materially affect a company's financial position or the value of
its shares.
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