Company: RIG
Filing Date: 2025-09-24
Form Type: 424B5
Source: 0001451505-25-000097
Chunk: 87

Company: Transocean Ltd.
Filing Date: 2025-09-24
Form: 424B5
Chunk 87
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 in the event that (1) such nominee fails to receive a sufficient number of votes from shareholders in an uncontested election and (2) the board accepts the resignation following such failure. If a nominee who has submitted such a letter of resignation does not receive more votes cast “for” than “against” the nominee’s election, the corporate governance committee must promptly review the letter of resignation and recommend to the board of directors whether to accept the tendered resignation or reject it. The board of directors must then act on the corporate governance committee’s recommendation within 90 days following the shareholder vote. The board of directors must promptly disclose its decision regarding whether or not to accept the nominee’s resignation letter.

The acting chair may direct that resolutions and elections be held by use of an electronic voting system. Electronic resolutions and elections are considered equal to resolutions and elections taken by way of a written ballot. The board of directors can determine that shareholders, who are not present at the venue of the general meeting of shareholders may exercise their rights by electronic means. Virtual only meetings may only be held if the articles of association expressly authorize such a form of the general meeting. Our current articles of association do not include such an authorization.

The Swiss Code and/or our articles of association require the affirmative vote of at least two-thirds of the voting rights and the absolute majority of the par value of the shares, each as represented at 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, Demerg