Company: RIG
Filing Date: 2025-09-26
Form Type: 424B5
Source: 0001451505-25-000102
Chunk: 88

Company: Transocean Ltd.
Filing Date: 2025-09-26
Form: 424B5
Chunk 88
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 a general meeting to approve, among other things, the following matters:

the amendment to or the modification of the purpose clause in our articles of association;

a reverse stock split;

the creation or cancellation of shares with privileged voting rights;

the restriction on the transferability of shares or cancellation thereof;

the restriction on the exercise of the right to vote or the cancellation thereof;

the introduction of or the amendment to a capital band or conditional share capital;

the change of currency of our share capital;

the delisting of our shares from a stock exchange;

an increase in the share capital through (1) the conversion of capital surplus, (2) a contribution in kind, or for purposes of an acquisition of assets, or (3) a grant of special privileges;

the limitation on or withdrawal of preemptive rights;

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a change in our registered office;

the conversion of registered shares into bearer shares and vice versa;

the introduction of an arbitration agreement in our articles of association; and

our dissolution.

The same qualified voting requirements apply to resolutions in relation to transactions among corporations based on Switzerland’s Federal Act on Mergers, Demergers, Transformations and the Transfer of Assets and Liabilities (the “Merger Act”), including a merger, demerger or conversion of a corporation (other than a cash-out or certain squeeze-out mergers, in which minority shareholders of the company being acquired may be compensated in a form other than through shares of the acquiring company, for instance, through cash or securities of a parent company of the acquiring company or of another company—in such a merger, an affirmative vote of 90% of the outstanding shares is required). Swiss law may also impose this qualified voting requirement in connection with the sale of “all or substantially all of our assets” by us. See “—Compulsory Acquisitions; Appraisal Rights” below.

Our articles of association require the affirmative vote of at least two-thirds of the shares entitled to vote at a general meeting to approve the following matters:

the removal of a serving member of the board of directors;

any changes to Article 14, paragraph 1 specifying advance notice of proposal requirements;

any changes to Article 18 specifying vote requirements for resolutions and elections;

any changes to Article 20, paragraph 2 specifying qualified vote requirements;

any changes to Article 21 specifying quorum requirements;

any changes to Article 22 specifying the number of members of the board of directors;

any changes to Article 23 specifying the term of the board of directors; and