ZUG, Switzerland, July 26, 2013 /PRNewswire/ -- Noble Corporation (NYSE: NE) today reported that the Company's Board has set the record and payment dates for the first installment of a payment to shareholders in the form of a dividend funded from the Company's capital contribution reserve. This installment payment will be in the amount of USD $0.25 per share. The ex-dividend date for this payment is expected to be August 1, 2013, with a record date of August 5, 2013 and a payment date of August 15, 2013.
An aggregate dividend in the amount of USD $1.00 per share, to be paid in four quarterly installments of USD $0.25 per share, was previously approved by shareholders at the Company's Annual General Meeting on April 26, 2013. This payment is the first of these four installments. The Company expects that this dividend will be treated as a qualified dividend for purposes of U.S. taxes.
In addition, the Company has established October 11, 2013, as the date and the city of Zug as the place for the extraordinary general meeting of its shareholders at which shareholders will consider the previously announced proposed change in place of incorporation of the publicly traded parent company of the Noble group of companies from Switzerland to the United Kingdom. Full details about the extraordinary shareholders meeting will be set forth in the Company's definitive proxy statement for the meeting that will be provided to shareholders.
About Noble CorporationNoble is a leading offshore drilling contractor for the oil and gas industry. Noble performs, through its subsidiaries, contract drilling services with a fleet of 79 offshore drilling units (including three ultra-deepwater drillships and seven high-specification jackup drilling rigs currently under construction), located worldwide, including in the U.S. Gulf of Mexico and Alaska, Mexico, Brazil, the North Sea, the Mediterranean, West Africa, the Middle East, India, Malaysia and Australia. Noble's shares are traded on the New York Stock Exchange under the symbol "NE." Additional information on Noble Corporation is available on the Company's Web site at http://www.noblecorp.com.Safe Harbor Statement