SUGAR LAND, Texas, Nov. 6, 2020 /PRNewswire/ -- Noble Corporation
plc (OTC-PINK: NEBLQ, the Company) announced today that it has
changed its name to Noble Holding Corporation plc to allow the
ultimate parent company that emerges from the Chapter 11
reorganization to use the name "Noble Corporation plc." The
temporary name change relating to the ultimate parent entity will
not affect current shareholders, and no action by shareholders is
required. The Company's trading symbol did not
change.
Robert W. Eifler, President and
Chief Executive Officer of the Company, stated, "As we prepare to
emerge from bankruptcy, we are committed to continuing to operate
as normal and without interruption. This name change allows us to
continue using the Noble Corporation plc name going forward, which
is integral to maintaining our brand recognition, industry
reputation, and stakeholder relationships. We remain committed to
the industry-leading operational excellence that defines Noble, and
we look forward to emerging as a stronger company."
About Noble Holding Corporation plc
Noble is a leading offshore drilling contractor for the oil and
gas industry. The Company owns and operates one of the most modern,
versatile and technically advanced fleets in the offshore drilling
industry. Noble performs, through its subsidiaries, contract
drilling services with a fleet of 19 offshore drilling units,
consisting of 7 drillships and semisubmersibles and 12 jackups,
focused largely on ultra-deepwater and high-specification jackup
drilling opportunities in both established and emerging regions
worldwide. Noble is a public limited company registered in
England and Wales with company number 08354954 and
registered office at 3rd Floor, 1 Ashley Road, Altrincham, Cheshire, WA14 2DT. Additional information on
Noble is available at www.noblecorp.com.
Forward-looking Disclosure Statement
Statements regarding the Company name change and Chapter 11
proceedings, including timing of emergence, stock exchange
listing and related timing, as well as any other statements that
are not historical facts in this release, are forward-looking
statements that involve certain risks, uncertainties and
assumptions. These include but are not limited to regulatory and
legal approvals, consents and reviews, actions or claims by
regulatory authorities, customers and other third parties,
operating hazards and delays, risks associated with operations
outside of the U.S., legislation and regulations affecting drilling
operations, compliance with regulatory requirements, factors
affecting the level of activity in the oil and gas industry, supply
and demand of drilling rigs, factors affecting the duration of
contracts, the actual amount of downtime, violations of
anti-corruption laws, hurricanes and other weather conditions,
public health threats including the COVID-19 (Coronavirus Disease
2019) pandemic, market conditions, the future price of oil and gas
and other factors detailed in the Company's most recent Form 10-K,
Form 10-Q's and other filings with the Securities and Exchange
Commission. Should one or more of these risks or uncertainties
materialize, or should underlying assumptions prove incorrect,
actual results may vary materially from those indicated.
View original
content:http://www.prnewswire.com/news-releases/noble-corporation-plc-announces-preparatory-name-change-to-allow-continued-use-of-name-upon-emergence-301168015.html
SOURCE Noble Corporation