Transocean Ltd. Announces Schedule For Second Dividend Installment And Currency Election Period
August 14 2015 - 4:38PM
ZUG, SWITZERLAND-August 14, 2015-Transocean Ltd.
(NYSE: RIG) (SIX: RIGN) today announced the schedule for the
payment of the second installment of its U.S. dollar-denominated
dividend. The installment is $0.15 per share, totaling
approximately $55 million based upon the number of currently
outstanding shares. The installment represents the second of four
quarterly installments totaling $0.60 per share, or approximately
$218 million in the aggregate paid from additional paid-in capital
("APIC"), approved by shareholders at the company's 2015 Annual
General Meeting.
Dividend Schedule - Second Installment
- August 21, 2015 - Ex-Dividend Date
- August 25, 2015 - Record Date
- September 23, 2015 - Installment Payment
Date
Currency Election
Period
Shareholders who wish to receive the payment
in Swiss francs ("CHF") must make their election between 5 p.m. EDT
(11 p.m. CEST) on August 26, 2015 and 8 p.m. EDT on September 1,
2015 (2 a.m. CEST September 2, 2015). On or about September 21,
2015, the dividend payment will be converted into CHF by
Computershare and the equivalent CHF per share will be posted to
the company's website at www.deepwater.com.
NO ACTION IS REQUIRED IF YOU WISH TO RECEIVE YOUR
DIVIDEND IN U.S. DOLLARS.
If you hold your shares in the name of a bank, broker or nominee,
you must contact them directly to make the election
arrangements.
Holders of shares registered in the share
register who would like to receive this installment in CHF must
send their election during the election period, in writing, to the
following address:
- Computershare Attn: Steven Myers, 480 Washington
Boulevard, 29th Floor,
Jersey City, NJ 07310 USA
- Email: steven.myers@computershare.com
- Phone: +1 201-680-5333
Forward-Looking
Statements
The statements described in this press release that are not
historical facts are forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. These statements contain words
such as "possible," "intend," "will," "if," "expect," or other
similar expressions. Forward-looking statements are based on
management's current expectations and assumptions, and are subject
to inherent uncertainties, risks and changes in circumstances that
are difficult to predict. As a result, actual results could differ
materially from those indicated in these forward-looking
statements. Factors that could cause actual results to differ
materially include, but are not limited to, the dividend and
timing of dividend payments, operating hazards and delays, risks
associated with international operations, actions by customers and
other third parties, the future prices of oil and gas and other
factors, including those and other risks discussed in the company's
most recent Annual Report on Form 10-K for the year ended December
31, 2014 and in the company's other filings with the 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
the other consequences of such a development worsen), or should
underlying assumptions prove incorrect, actual results may vary
materially from those indicated or expressed or implied by such
forward-looking statements. All subsequent written and oral
forward-looking statements attributable to the company or to
persons acting on our behalf are expressly qualified in their
entirety by reference to these risks and uncertainties. You should
not place undue reliance on forward-looking statements. Each
forward-looking statement speaks only as of the date of the
particular statement, and we undertake no obligation to publicly
update or revise any forward-looking statements to reflect events
or circumstances that occur, or which we become aware of, after the
date hereof, except as otherwise may be required by law. All
non-GAAP financial measure reconciliations to the most comparative
GAAP measure are displayed in quantitative schedules on the
company's website: www.deepwater.com.
This press release does not constitute an offer to sell, or a
solicitation of an offer to buy, any securities, and it does not
constitute an offering prospectus within the meaning of article
652a or article 1156 of the Swiss Code of Obligations or a listing
prospectus within the meaning of the listing rules of the SIX Swiss
Exchange. Investors must rely on their own evaluation of Transocean
Ltd. and its securities, including the merits and risks involved.
Nothing contained herein is, or shall be relied on as, a promise or
representation as to the future performance of Transocean
Ltd.
About Transocean
Transocean is a leading international
provider of offshore contract drilling services for oil and gas
wells. The company specializes in technically demanding sectors of
the global offshore drilling business with a particular focus on
deepwater and harsh environment drilling services, and believes
that it operates one of the most versatile offshore drilling fleets
in the world.
Transocean owns or has partial ownership interests in, and operates
a fleet of, 63 mobile offshore drilling units consisting of 27
ultra-deepwater floaters, six deepwater floaters, seven
harsh-environment semisubmersibles, 13 midwater semisubmersibles,
and 10 high-specification jackups. In addition, the company has
seven ultra-deepwater drillships and five high-specification
jackups under construction.
For more information about Transocean, please visit the website:
www.deepwater.com.
Analyst Contacts:
Bradley
Alexander
+1 713-232-7515
Diane Vento
+1 713-232-8015
Media Contact:
Pam
Easton
+1 713-232-7647
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Transocean Ltd via Globenewswire
HUG#1945824
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