Noble Corporation announced that at a meeting of shareholders held today, the Company received the necessary shareholder approval to complete the proposed change of place of incorporation of the publicly traded parent of the Noble group of companies from the Cayman Islands to Switzerland (the "Transaction").
In accordance with Cayman Islands law, the Grand Court of the Cayman Islands will hold a hearing, at which shareholders may appear and be heard, on March 26, 2009, to approve the Transaction. The Transaction is expected to close as soon as practicable following the approval of the Grand Court.
Upon completion of the Transaction, the Noble parent company will continue to be subject to SEC reporting requirements, and its shares will be listed on the New York Stock Exchange under the symbol "NE", the Company's current trading symbol.
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