Transocean to take $1.1B-$1.2B impairment on rig disposals; Q2 charge expected

Transocean Ltd.

Expects non-cash charge of $1.1B-$1.2B in Q2 2025 from disposing GSF Development Driller I and Discoverer Luanda.
Also evaluating sale or recycling of Development Driller III and Discoverer Inspiration.
Shareholders approved 16M additional shares for 2015 LTIP; total share capital now 1,204,009,681 shares.
AGM elected all 11 director nominees and approved compensation plans.
Issued 188M shares under capital authorization for general and equity plan purposes.

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