logo
Share SHARE
FONT-SIZE Plus   Neg

Noble Announces Results Of Shareholder Vote

Noble Corp. (NE) announced the results of the annual general meeting of its shareholders.At the meeting, the shareholders approved the certain proposals.

The approved proposals are; A reduction of the maximum number of members of the Board of Directors from nine members to eight members. The reelection of Julie Edwards and David Williams to the Board of Directors for a three-year term that will expire in 2015. Approval of the 2011 Annual Report, the consolidated financial statements for fiscal year 2011 and the statutory financial statements for fiscal year 2011.

The other approved proposals are: Approval of the release and allocation of CHF 266,962,521.84 from the Company's capital contribution reserve to a special reserve account, a dividend in the amount of US$0.52 per share to be distributed out of the dividend Reserve and paid in four installments of US$0.13 per share in August 2012, November 2012, February 2013 and May 2013 and the automatic re-allocation to the capital contribution reserve of any amount of the dividend Reserve remaining after payment of the final quarterly installment of the dividend.

Ratification of the appointment of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for fiscal year 2012 and election of PricewaterhouseCoopers AG as the Company's statutory auditor for a one-year term.

The other approved proposals: the discharge of the members of the Board of Directors and the executive officers from personal liability for fiscal year 2011. The amendment and restatement of the 1991 Plan to increase the number of shares that can be issued under the 1991 Plan, and An advisory vote to approve the compensation of the Company's named executive officers.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Activision Blizzard reported a better-than-expected increase in second-quarter profit, as the video game publisher saw robust growth in digital channels, penetration in China and improved margins. It lifted its guidance for 2015, sending its shares up... Diversified media and entertainment conglomerate Walt Disney Co. said Tuesday after the markets closed that its third quarter profit rose 11% from last year, driven mainly by strong earnings growth at its film and consumer products divisions. The company's quarterly earnings per share came in above analysts' expectations, but its quarterly revenue fell short of analysts' forecast. AIG reported a plunge in second-quarter profit, hurt by a decline at its insurance business, debt-related losses and lower gains from the sale of investments. However, its earnings topped Street estimates, partly on contribution from aircraft leasing giant AerCap. AIG also announced a boost in dividend and said it would buyback an additional $5 billion stock.
comments powered by Disqus
RELATED NEWS
Trade NE now with 
Follow RTT