• Valaris’ scheme of arrangement for its acquisition by Transocean faces a Bermuda court sanction hearing on November 26, 2026, at 11 a.m. Bermuda time.
• Shareholder votes at both companies are scheduled for November 24, 2026; the court application depends on their approval.
• The acquisition would exchange each outstanding common share for 15.235 Transocean shares.
• Completion is expected around December 1, 2026, subject to court sanction and satisfaction of all closing conditions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Valaris Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001140361-26-040674), on October 23, 2026, and is solely responsible for the information contained therein.