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
Shares of Orange SA declined around 3 percent in the morning trading in Paris after the French telecom major reported Tuesday weak restated EBITDA, a key earnings metric, in its home country in the first half, as well as weak EBITDA margin. Group restated EBITDA, however, increased with higher revenues, and the company posted significantly higher net profit, benefited by the sale of EE. Casino operator Las Vegas Sands Corp. (LVS), Monday said its second-quarter profit dropped from last year, hurt largely by continued challenging environment in the high-end gambling business in Macao, China. Earnings for the quarter fell short of Wall Street expectations, as did revenues. Second-quarter... Analog chip maker Texas Instruments Inc. (TXN), Monday reported a 12 percent jump in profit for the second quarter, driven largely by better cost control and higher revenues. Earnings for the quarter trumped analysts' expectations, as did revenues. The company also detailed a strong outlook for the third...
comments powered by Disqus
Follow RTT