ZUG, SWITZERLAND, Apr 12 (MARKET WIRE) —
Transocean Ltd., the world’s largest offshore drilling contractor,
announced today that SIX Swiss Exchange (“SIX”) has approved the listing
and trading of Transocean’s shares on SIX, starting April 20, 2010. The
shares will be traded under the symbol “RIGN.”
Transocean is incorporated in Switzerland and is listing its shares on
SIX to widen and diversify its shareholder base. Based on the company’s
current market capitalization, its shares are expected to be included in
the Swiss Market Index (SMI(R)) (and the SLI Swiss Leader Index) after
stock market close on September 17, 2010. If Transocean meets certain
conditions upon listing of its shares on SIX, its shares may qualify for
early inclusion in the SMI(R). The shares of Transocean will be included
in the Swiss Performance Index (SPI(R)) on the second day of trading,
April 21, 2010.
Also, Transocean’s shares will continue to be listed on the New York
Stock Exchange under the symbol “RIG.”
With more than 50 years of offshore drilling experience and more than
18,000 personnel worldwide, Transocean leases offshore drilling rigs and
provides related drilling services to customers, including national,
major and independent energy companies.
For the year 2009, Transocean Ltd. reported:
– Operating revenues of approximately $11.6 billion,
– Net income attributable to controlling interest of approximately $3.2
billion, or $9.84 per diluted share,
– Net cash provided by operating activities of approximately $5.6
– Total assets of approximately $36.4 billion, and
– Total debt of approximately $11.7 billion.
Statements regarding the timing of inclusion on the SMI, SLI and SPI
and the diversification of Transocean’s shareholder base, as well as any
other statements that are not historical facts, are forward-looking
statements that involve certain risks, uncertainties and assumptions.
These include but are not limited to actions by SIX, the indices, third
parties and other factors detailed in Transocean’s most recent Form 10-K
and other filings with the Securities and Exchange Commission (SEC),
which are available free of charge on the SEC’s website at www.sec.gov.
Should one or more of these risks or uncertainties materialize, or should
underlying assumptions prove incorrect, actual results may vary
materially from those indicated.
Transocean is the world’s largest offshore drilling contractor and the
leading provider of drilling management services worldwide. With a fleet
of 140 mobile offshore drilling units plus three ultra-deepwater units
under construction, the company’s fleet is considered one of the most
modern and versatile in the world due to its emphasis on technically
demanding segments of the offshore drilling business. Its worldwide fleet
is more than twice the size of the next-largest competitor. The company
owns or operates a contract drilling fleet of 46 High-Specification
Floaters (Ultra-Deepwater, Deepwater and Harsh-Environment
semisubmersibles and drillships), 26 Midwater Floaters, 10
High-Specification Jackups, 55 Standard Jackups and other assets utilized
in the support of offshore drilling activities worldwide.
For more information about Transocean, please visit our website at
www.deepwater.com. Among the documents posted on our web site is the
Transocean Ltd. Proxy Statement and 2009 Annual Report.
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