LUXEMBOURG--(BUSINESS WIRE)--Pacific Drilling S.A. (NYSE: PACD) (the “Company”) announced today that it has provided Notice of its Annual General Meeting and Notice of an Extraordinary General Meeting to shareholders, both meetings to be held on May 24, 2016.
The Notice of Annual General Meeting is being distributed to the Company’s common shareholders of record as of April 8, 2016 in advance of the Annual General Meeting, which will be held on May 24, 2016, at 10:00 a.m. (Central European Time) at the Company’s registered office, located at 8-10 Avenue de la Gare, L-1610 Luxembourg.
The Notice of Extraordinary General Meeting is being distributed to Pacific Drilling common shareholders of record as of April 22, 2016 in advance of the Extraordinary General Meeting, which will be held on May 24, 2016, at 3:00 p.m. (Central European Time) at the Company’s registered office.
The purpose of the Extraordinary General Meeting is to submit to shareholders for approval a 10-for-1 reverse stock split of the Company’s shares with the intent to increase the per share trading price of the Company’s shares in order to satisfy the continued listing requirements of the New York Stock Exchange.
The notices are available on the Company website at www.pacificdrilling.com in the “Events & Presentations” subsection of the “Investor Relations” section.
About Pacific Drilling
With its best-in-class drillships and highly experienced team, Pacific Drilling is committed to becoming the industry’s preferred ultra-deepwater drilling contractor. Pacific Drilling’s fleet of seven drillships represents one of the youngest and most technologically advanced fleets in the world. For more information about Pacific Drilling, including its current Fleet Status, please visit www.pacificdrilling.com.