Transocean amends articles to reflect share issuance from bond conversion

Transocean Ltd.

Amendment reflects issuance of 681 shares from conditional capital upon exercise of 0.50% exchangeable senior bonds due 2023.
Share capital now CHF 79,724,475.30 divided into 797,244,753 fully paid registered shares.
No change in fiscal year or other governance provisions.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Transocean Ltd.: Amended Articles of Association to reflect share capital change from conversion of exchangeable bonds (effective 2023-03-28).

Change: charter amendment
Effective: 2023-03-28

Exact text from the filing

On March 28, 2023, the Articles of Association of Transocean Ltd. the “Company”) were amended (as amended, the “Articles of Association”) to reflect changes in the Company’s total issued share capital resulting from the previous issuance of 681 Transocean Ltd. shares out of conditional capital in connection with the exercise of certain 0.50% exchangeable senior bonds due 2023 issued by Transocean Inc., a wholly-owned subsidiary of the Company, prior to their maturity on January 30, 2023.

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Source: SEC EDGAR

accession 0001451505-23-000046

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