Offshore driller Transocean Ltd. has informed that it has been given the approval to delist from SIX Swiss Exchange (“SIX”).
The approval, granted by the SIX Swiss Exchange, follows the company’s delisting application announced last month.
According to Transocean’s statement issued on Friday, the SIX delisting will be effective March 31, 2016, with the last trading day scheduled for March 30, 2016. Transocean shares started trading on SIX in 2010.
“Transocean remains incorporated in Switzerland and the company’s shares will continue to be listed and traded on the New York Stock Exchange,” said the company on Friday.
In a separate statement on Friday, Transocean said it lost a contract for a drilling rig with Norway’s Statoil. The rig’s contract was scheduled to end in May 2016. More on that here: https://bit.ly/1YlK4c7