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Stock impact report

Nabors Announces Distribution of Warrants to Purchase Common Shares

Nabors Industries Ltd. (NBR) 
Last nabors industries ltd. earnings: 2/20 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investor.nabors.com
Company Research Source: PR Newswire
HAMILTON, Bermuda, May 27, 2021 /PRNewswire/ -- Nabors Industries Ltd. ("Nabors" or the "Company") (NYSE: NBR) today announced that its Board of Directors has declared a distribution to holders of the Company's common shares ("Common Shares") of warrants to purchase its Common Shares.Holders of Nabors Common Shares will receive two-fifths of a warrant per Common Share held as of the record date (rounded down for any fractional warrant). Each warrant will entitle the holder to purchase Common Shares at an exercise price of $166.66667 per share. Warrants submitted for exercise may be eligible to receive up to an additional 1/3 Common Share if the volume-weighted average price ("VWAP") per Common Share on the trading day prior to the exercise date is higher than the trailing three-day VWAP.The exercise price may be paid with cash, or with certain of the Company's and its subsidiaries' issued and outstanding notes – as designated by the Company – at face value.  The warrants will expire J Show less Read more
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