0000876661-20-000340.txt : 20200417
0000876661-20-000340.hdr.sgml : 20200417
20200417082758
ACCESSION NUMBER: 0000876661-20-000340
CONFORMED SUBMISSION TYPE: 25-NSE
PUBLIC DOCUMENT COUNT: 2
FILED AS OF DATE: 20200417
DATE AS OF CHANGE: 20200417
EFFECTIVENESS DATE: 20200417
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: Weatherford International plc
CENTRAL INDEX KEY: 0001603923
STANDARD INDUSTRIAL CLASSIFICATION: OIL & GAS FILED MACHINERY & EQUIPMENT [3533]
IRS NUMBER: 980606750
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 25-NSE
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36504
FILM NUMBER: 20797843
BUSINESS ADDRESS:
STREET 1: 70 SIR JOHN ROGERSON'S QUAY
CITY: DUBLIN
STATE: L2
ZIP: 2
BUSINESS PHONE: 41.22.816.1500
MAIL ADDRESS:
STREET 1: WESTSTRASSE 1
CITY: BAAR
STATE: V8
ZIP: 6340
FORMER COMPANY:
FORMER CONFORMED NAME: Weatherford International Ltd
DATE OF NAME CHANGE: 20140328
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: NEW YORK STOCK EXCHANGE LLC
CENTRAL INDEX KEY: 0000876661
IRS NUMBER: 000000000
STATE OF INCORPORATION: NY
FILING VALUES:
FORM TYPE: 25-NSE
BUSINESS ADDRESS:
STREET 1: 11 WALL STREET
CITY: NEW YORK
STATE: NY
ZIP: 10005
BUSINESS PHONE: 212-656-2060
MAIL ADDRESS:
STREET 1: 11 WALL STREET
CITY: NEW YORK
STATE: NY
ZIP: 10005
FORMER COMPANY:
FORMER CONFORMED NAME: NEW YORK STOCK EXCHANGE INC
DATE OF NAME CHANGE: 19910628
25-NSE
1
primary_doc.xml
X0203
0000876661
NEW YORK STOCK EXCHANGE LLC
001603923
Weatherford International plc
001-36504
2000 St. James Place
Houston
TX
TEXAS
77056
(713) 836-4000
Ordinary Shares
17 CFR 240.12d2-2(b)
Christopher Rances
Senior Analyst
2020-04-17
EX-99.25
2
ruleprovisionnotice.htm
NOTIFICATION OF THE REMOVAL FROM LISTING AND REGISTRATION OF THE STATED SECURITIES
The New York Stock Exchange ("NYSE" or the "Exchange") hereby notifies the Securities and Exchange Commission (the "Commission") of its intention to remove the entire class of Ordinary Shares (the "Ordinary Shares") of Weatherford International plc (the "Company") from listing and registration on the Exchange on April 28, 2020, pursuant to the provisions of Rule 12d2-2(b) because, in the opinion of the Exchange, the Ordinary Shares are no longer suitable for continued listing and trading on the NYSE.
The Exchange has determined that the Company is no longer suitable for listing based on 'abnormally low' price levels, pursuant to Section 802.01D of the Listed Company Manual. In addition, on May 10, 2019, the Company announced that it executed a Restructuring Support Agreement ("RSA") and expects to implement the RSA through a pre-packaged Chapter 11 process. In reaching its delisting determination, the NYSE noted the uncertainty as to the timing and outcome of the restructuring process, as well as the uncertainty as to the ultimate effect of this process on the value of the Company's ordinary shares.
The Exchange, on May 13, 2019, determined that the Ordinary Shares of the Company should be suspended from trading, and directed the preparation and filing with the Commission of this application for the removal of the Ordinary Shares from listing and registration on the NYSE. The Company was notified by phone and letter on May 13, 2019.
Pursuant to the above authorization, a press release regarding the proposed delisting was issued and posted on the Exchange's website on May 13, 2019. Trading in the Ordinary Shares was suspended prior to market open on May 13, 2019.
The Company had a right to appeal to a Committee of the Board of Directors of the Exchange, the determination to delist the Securities, provided that it filed a written request for such a review with the Secretary of the Exchange within ten business days of receiving notice of the delisting determination. The Company filed such request within the specified time period but formally withdrew such request on April 13, 2020. Consequently, all conditions precedent under SEC Rule 12d2-2(b) to the filing of this application have been satisfied.