Transocean amends articles to reflect issuance of 19.1M shares to subsidiary for equity plans

Transocean Ltd.

Issued 19,100,582 shares to a wholly-owned subsidiary for equity benefit plan delivery obligations.
Articles of Association amended: share capital now CHF 86,281,585.80 divided into 862,815,858 registered shares.
No new external financing or change in fiscal year; purely administrative capital update.

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 increased share capital from prior issuance of 19,100,582 shares to a wholly-owned subsidiary (effective 2024-03-01).

Change: charter amendment
Effective: 2024-03-01

Exact text from the filing

On March 1, 2024, 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 19,100,582 Company shares to one of the Company’s wholly-owned subsidiaries, which are being used primarily in connection with the Company’s share delivery obligations from time to time pursuant to its equity benefits plans.

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Source: SEC EDGAR

accession 0001451505-24-000020

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