Oct. 7, 2013
/PRNewswire/ -- Noble Corporation (NYSE: NE) announced today that it has determined that no exit withholding tax would be due as a result of the proposed merger (the "Merger") to effect a change in place of incorporation of the publicly traded parent company of the Noble group of companies from
to the United Kingdom.
As previously disclosed in the definitive proxy statement/prospectus dated
September 5, 2013
, filed by Noble and Noble Corporation Limited ("Noble UK") relating to the Merger, one of the conditions to the closing of the Merger is that no exit withholding tax would be payable under Swiss law as a result of the Merger. Noble believes that this Merger condition will be satisfied, and will proceed with the extraordinary general meeting of shareholders as scheduled on
, 2013. The calculation is subject to final confirmation by the Swiss federal tax authorities, which Noble must receive before it can cause the Merger to become effective. Noble expects to receive the confirmation by not later than
, 2013. For more information about the calculation of exit withholding tax, see "Material Tax Considerations -- Swiss Tax Considerations" in Noble's definitive proxy statement/prospectus for the upcoming shareholders meeting.
About Noble Corporation
Noble 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 six high-specification jackup drilling rigs currently under construction), located worldwide, including in the U.S.
Gulf of Mexico
, the North Sea, the Mediterranean,
. 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