Company: NE-WTA
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001628280-25-015025
Chunk: 87

Company: Noble Corp plc
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 87
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 rights to subscribe for, or to convert securities into, shares to be granted, after its expiry and the directors of the Company may allot shares or grant rights to subscribe for, or convert securities into, shares pursuant to any such offer or agreement as if this authority had not expired.” |

#### Noble Corporation plc| 2025 Proxy Statement69
| Resolution 14                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
 Authorization of the Board to Allot Shares Without Rights of Pre-Emption                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
 This special resolution, like Resolution 13, is required because the Company is incorporated in England and Wales. Under the UK Companies Act, when an allotment of shares is for cash, subject to certain exceptions, the Company must first offer those shares on the same terms to existing shareholders of the Company on a pro-rata basis (commonly referred to as statutory pre-emption rights) unless disapplied by authorization of the shareholders in the form of a special resolution approved in a general meeting or by the company’s articles of association. In either case, any such disapplication may only last for a maximum period of 5 years. The Company’s existing disapplication was approved  as part of the Business Combination and applied to 27,1000,000 shares expiring in May 2027, however95% of this allotment and associated disapplication was utilized in the Diamond Transaction. 
 The requirement to first offer shares to existing shareholders is an additional step not generally required when companies domiciled in the United States are issuing securities. The Board believes that it is important for the Company to retain the flexibility to issue shares for cash should the directors determine it is necessary or advisable and in the best interests of shareholders, without incurring the costs or delays associated with calling a special meeting and preparing and circulating proxy materials to disapply pre-emption rights in connection with specific allotments of shares.                                                                                                                                                                                                                                                                                                     
 Other than in the circumstances outlined in Resolution 13 above, the Board has no present intention to exercise the authority sought under this special resolution, but the Board believes it is in the interests of shareholders for the Board to have this flexibility to allot shares for cash, should circumstances change.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
 In this proposal, the Company is requesting that when the Board allots shares pursuant to the authorization referenced in Resolution 13 above, it not be required to offer pre-emption rights to existing shareholders.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
 If granted, this authorization will replace the existing authorization and will expire at the end of