Noble Corp. (NE: Quote) 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
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