Transocean Ltd. (RIG) filed a Form 8K - Other Events - with the
U.S Securities and Exchange Commission on February 17, 2015.
Separately, on February 15, 2015, the Company issued a press
release announcing that the Company's Board of Directors is
recommending that the Company's shareholders approve at the 2015
Annual General Meeting ("AGM") a U.S. dollar-denominated dividend
of $0.60 per share, or approximately $217 million in the aggregate
(based upon the number of currently outstanding shares), out of
additional paid-in capital. The Board expects that the proposed
dividend will be payable in four quarterly installments, set for
June 2015, September 2015, December 2015 and March 2016. The AGM,
which will be open to shareholders of record as of April 28, 2015,
will be held at 5 p.m., CET, on May 15, 2015, in Cham, Switzerland.
Additional details on the AGM will be provided in the Company's
proxy statement.
The Company's press release is filed as Exhibit 99.2 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. These include but are
not limited to shareholder approval, the number of shares
outstanding at the time of the payment of the dividend, exchange
rates, operating hazards and delays, actions by customers and other
third parties, actions by regulatory authorities, the future price
of oil and gas, actual revenues earned and other factors detailed
in the Company's most recent Form 10-K and other filings with the
Securities and Exchange Commission (SEC), which are available free
of charge on the SEC's website at www.sec.gov. 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/1451505/000145150515000012/rigagmandexecutivedeparture.htm
Any exhibits and associated documents for this SEC filing can be
retrieved at:
http://www.sec.gov/Archives/edgar/data/1451505/000145150515000012/0001451505-15-000012-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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