Company: RIG
Filing Date: 2025-03-21
Form Type: PRE 14A
Source: 0001451505-25-000024
Chunk: 12

Company: Transocean Ltd.
Filing Date: 2025-03-21
Form: PRE 14A
Chunk 12
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 record on May 12, 2025, are entitled to notice of and to grant proxies to vote at, the 2025 Annual General Meeting. No shareholder will be entered in Transocean Ltd.’s share register with voting rights between the close of business on May 12, 2025, and the opening of business on the day following the 2025 Annual General Meeting. While no shareholder will be entered in Transocean Ltd.’s share register as a shareholder with voting rights between the close of business on May 12, 2025, and the opening of business on the day following the 2025 Annual General Meeting, share blocking and re-registration are not requirements for any shares of Transocean Ltd. to be voted at the meeting, and all shares may be traded after the record date. Computershare, which maintains Transocean Ltd.’s share register, will continue to register transfers of Transocean Ltd. shares in the share register in its capacity as transfer agent during this period. QUORUM Our Articles of Association provide that the presence of shareholders, in person or by proxy, holding at least a majority of all the shares entitled to vote at the time the meeting proceeds to business constitutes a quorum for purposes of convening the 2025 Annual General Meeting and voting on all of the matters described in the notice of meeting, except for the matter in Agenda Item 5, for which our Articles of Association require the presence of shareholders, in person or by proxy, holding at least two-thirds of the share capital recorded in the Commercial Register to constitute a quorum for purposes of action upon that matter. Abstentions and “broker non-votes” will be counted as present for purposes of determining whether the relevant quorums at the meeting are satisfied, so long as the broker has discretion to vote the shares on at least one matter before the 2025 Annual General Meeting.

Transocean 2025 P-19 Proxy Statement

| ​                                                          | ​ |
| PROXY STATEMENT | INFORMATION ABOUT THE MEETING AND VOTING | ​ |

VOTES REQUIRED The following table sets forth the applicable vote standard required to pass each enumerated agenda item:

| AGENDA 
 ITEM   |   | DESCRIPTION                                                                                                                                                                                                                                                                                                                                                     |   | RELATIVE    
 MAJORITY(1) |      | TWO-THIRDS MAJORITY |   |   | PLURALITY OF 
 VOTES        |         |
| 1      | ​ | Approval of (A) the