Company: RIG
Filing Date: 2025-06-03
Form Type: 8-K
Source: 0001451505-25-000053
Chunk: 3

Company: Transocean Ltd.
Filing Date: 2025-06-03
Form: 8-K
Item: Item 5.03
Chunk 3
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Item 5.03

Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

On May 28, 2025, the Articles of Association of the Company were amended to reflect changes in the Company’s total issued share capital resulting from the issuance of 59,015,000 Shares into treasury to one of the Company’s wholly-owned subsidiaries at par value for a total consideration of U. S. $5,901,500.00.

The foregoing description of the Articles of Association does not purport to be complete and is qualified in its entirety by reference to the full text of the Articles of Association, amended as of May 28, 2025, a copy of which is filed herewith asExhibit 3.1and is incorporated herein by reference.

Following the conclusion of the AGM, on May 30, 2025, the Articles of Association of the Company were further amended to reflect (i) the approval by shareholders at the AGM of (a) the general capital authorization proposal, which permits the issuance of up to 188,165,780 Shares pursuant to the authorization, for a term expiring on May 30, 2026 and (b) the specific capital authorization proposal that may be used to satisfy the Company’s equity incentive plans obligations, which permits the issuance of up to 16,000,000 Shares pursuant to the authorization, for a five-year period expiring on May 30, 2030; and (ii) changes in the Company’s total issued share capital resulting from the issuances of 188,165,780 Shares and 16,000,000 Shares into treasury pursuant to the capital authorizations approved at the AGM. The

Company’s Articles of Association now reflect a share capital of U. S. $120,400,968.10 divided into 1,204,009,681 fully paid registered Shares.

The issuances of Shares into treasury described above are intended to allow the Company to timely deliver Shares from time to time pursuant to the capital authorizations approved by the Company’s shareholders and are exempt pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended, which exempts transactions by an issuer not involving a public offering.

Effective May 30, 2025, the Organizational Regulations of the Company (as amended, the “ Organizational Regulations”) were amended by the Company’s Board of Directors to update Article 5 therein to reflect the power and duties of the Board