Nabors Industries Announces Notice to Warrant Holders

HAMILTON, Bermuda, March 28, 2022 /PRNewswire/ -- On June 11, 2021, Nabors Industries Ltd. ("Nabors") (NYSE: NBR) issued Warrants ("Warrants") to all holders of Nabors' common shares ("Common Shares") to purchase Common Shares pursuant to a Warrant Agreement (the "Warrant Agreement") dated as of June 10, 2021 between Nabors and Computershare Trust Company, N.A.

Nabors, in compliance with Section 3.02 of the Warrant Agreement, hereby notifies Warrant holders that effective as of Monday, April 25, 2022, Warrant holders will no longer be entitled to receive any incentive shares when exercising the Warrants. 

Nabors Industries (NYSE: NBR) is a leading provider of advanced technology for the energy industry. With operations in more than 15 countries, Nabors has established a global network of people, technology and equipment to deploy solutions that deliver safe, efficient and responsible energy production. By leveraging its core competencies, particularly in drilling, engineering, automation, data science and manufacturing, Nabors aims to innovate the future of energy and enable the transition to a lower carbon world. Learn more about Nabors and its energy technology leadership: www.nabors.com.

For further information regarding Nabors, please contact William C. Conroy, CFA, Vice President of Corporate Development & Investor Relations, +1 281-775-2423 or via e-mail william.conroy@nabors.com, or Kara Peak, Director of Corporate Development & Investor Relations, +1 281-775-4954 or via email kara.peak@nabors.com.

View original content:https://www.prnewswire.com/news-releases/nabors-industries-announces-notice-to-warrant-holders-301511456.html

SOURCE Nabors Industries Ltd.