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Paragon Offshore plc
Ticker Symbol: PGNPF CUSIP: G6S01W108 Exchange: OTOTC
Company's Online Profile
BUSINESS: Paragon Offshore plc is a pure-play global provider of standard specification offshore drilling rigs. Paragon's drilling fleet consists solely of standard specification rigs and includes 34 jackups and eight floaters (five drillships and three semisubmersibles). Paragon's primary business is contracting its rigs, related equipment and work crews to conduct oil and gas drilling and workover operations for its exploration and production customers on a dayrate basis around the world.
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Notes: On July 18, 2017, Paragon Offshore plc (OldCo) emerged from U.S. Bankruptcy reorganization. As part of the restructuring, certain direct and indirect subsidiaries of OldCo and certain other assets of OldCo and/or certain of its direct and indirect subsidiaries (which together constitute the ongoing operational business of the Paragon Offshore group) were transferred directly or indirectly to Paragon Offshore Limited, a newly formed Cayman Islands company (Paragon Offshore). OldCo will continue to exist as a separate entity subsequent to the Effective Date and its shares were not cancelled on the Effective Date; therefore, OldCo’s shares may continue to trade on over-the-counter markets. At this time, shares of Paragon Offshore are not traded on any market. Please note that OldCo and Paragon Offshore are two separate and distinct entities and any shares you may see traded of OldCo DO NOT represent the equity of the reorganized Paragon Offshore nor any right to receive any equity or other interest in (or property of) Paragon Offshore._______________July 11, 2014 -- Noble Corporation plc (NYSE: NE) announced today that its board of directors has approved the spin-off of Paragon Offshore plc, a wholly-owned subsidiary of Noble, through a pro rata distribution of an aggregate of 84,753,393 Paragon ordinary shares to the holders of Noble ordinary shares. Noble shareholders will receive one ordinary share of Paragon for every three ordinary shares of Noble held on the record date of the distribution, July 23, 2014. Subject to the satisfaction of the conditions to the spin-off, the distribution is expected to occur on August 1, 2014. Following the distribution of the Paragon ordinary shares, Paragon will be a separate, publicly traded company, and Noble will not retain any ownership interest in Paragon. Paragon has applied to list its ordinary shares on the New York Stock Exchange (NYSE) under the symbol PGN.
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Previous Ticker Symbol: PGN Changed: 12/18/2015
Mid Cap Stock -
Market Value $731.0 Million
Click for current PGNPF price quote from the PINK SHEETS
Click for current PGNPF price quote from the NASDAQ
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 3151 Briarpark Drive Suite 700, Houston, TX 77042 |
| Main Phone Number |
832-783-4000 |
| Fax Number |
Not Available |
| Investor Relations
Lee Ahlstrom
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832-783-4040
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| CEO - Randall D. Stilley |
CFO - Steven A. Manz |
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