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Weatherford International Ltd.

EANS-Adhoc: Weatherford International Ltd.
Weatherford Ireland Succeeds Weatherford Switzerland as Weatherford Parent Company

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  ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is solely responsible for the content of this
  announcement.
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other
17.06.2014


GENEVA, June 17, 2014 -- Weatherford International plc, formed in Ireland (NYSE:
WFT), announced today that the shareholders of its predecessor company
Weatherford International Ltd., formed in Switzerland, have approved changing
its place of incorporation from Switzerland to Ireland. This action was taken at
an Extraordinary General Meeting of Shareholders held yesterday at which the
proposal was overwhelmingly approved by over 98% of the shareholders voting. 
Earlier today, Weatherford Switzerland merged into Weatherford Ireland, which
has now become the parent of the Weatherford International group of companies.

Logo - http://photos.prnewswire.com/prnh/19990308/WEATHERFORDLOGO

With the completion of the merger mentioned above, the parent company of the
Weatherford International group of companies continues to be subject to U.S.
Securities and Exchange Commission ("SEC") reporting requirements as well as the
rules of the New York Stock Exchange (the "NYSE"), and its ordinary shares will
be exclusively listed on the NYSE under the symbol "WFT."  As previously
announced, Weatherford's shares have been delisted from the NYSE Euronext Paris,
and Weatherford also expects to delist its shares from the SIX Swiss Exchange on
or about June 19, 2014. 

For full details of the change in place of incorporation, please refer to
Weatherford's proxy statement/prospectus regarding the Extraordinary General
Meeting of Shareholders filed with the SEC on April 17, 2014.

About Weatherford 

Weatherford is one of the largest multinational oilfield service companies.
Weatherford's product and service portfolio spans the lifecycle of the well, and
includes formation evaluation, well construction, completion and production.
Weatherford provides innovative solutions, technology and services to the oil
and gas industry, and operates in over 100 countries currently employing more
than 60,000 people worldwide.

Forward-Looking Statements 

This press release includes forward-looking statements within the meaning of the
U.S. Private Securities Litigation Reform Act of 1995. These forward-looking
statements are generally identified by the words "believe," "project," "expect,"
"anticipate," "estimate," "budget," "intend," "strategy," "plan," "may,"
"should," "could," "will," "would," and "will be," and similar expressions,
although not all forward-looking statements contain these identifying words.
Such statements are based upon the current beliefs of Weatherford's management,
and are subject to significant risks, assumptions and uncertainties. These risks
and uncertainties include, but are not limited to: the ability to complete the
merger and related transactions to change the legal domicile of Weatherford;
realizing the expected benefits from such change; the tax effects of the change
of jurisdiction of incorporation (including our maintaining Swiss tax
residency), including as it relates to the merger and other transactions
contemplated thereby; and Weatherford's ability to obtain the necessary
approvals and consents to the merger, including the approval of applicable Swiss
authorities. Should one or more of these risks or uncertainties materialize, or
underlying assumptions prove incorrect, actual results may vary materially from
those indicated in our forward-looking statements. Readers are also cautioned
that forward-looking statements are only predictions and may differ materially
from actual future events or results. Forward-looking statements also are
affected by the risk factors described in Weatherford's Annual Report on Form
10-K (as amended) for the year ended December 31, 2013, and those set forth from
time to time in other filings with the SEC. We undertake no obligation to
correct or update any forward-looking statement, whether as a result of new
information, future events, or otherwise, except to the extent required under
U.S. federal securities laws.


Further inquiry note:
Weatherford Contacts 

Krishna Shivram +1.713.836.4610
Executive Vice President and Chief Financial Officer 

Karen David-Green +1.713.836.7430 
Vice President - Investor Relations

end of announcement                               euro adhoc 
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issuer:      Weatherford International Ltd.
             Rue Jean-Francois Bartholoni 4-6
             CH-1204 Geneva
phone:       +41.22.816.1500
FAX:         +41.22.816.1599
mail:     karen.david-green@weatherford.com
WWW:      http://www.weatherford.com
sector:      Oil & Gas - Upstream activities
ISIN:        CH0038838394
indexes:     
stockmarkets: Main Standard: SIX Swiss Exchange, stock market: New York, Euronext
             Paris 
language:   English
 



Weitere Meldungen: Weatherford International Ltd.

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