Valaris Ltd
For the period ended Sep 30, 2024. Filed Oct 31, 2024.
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Sep 30, 2024 · Filed Oct 31, 2024
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ITEM 5. OTHER INFORMATION
On August 30, 2024, Gilles Luca, Senior Vice President and Chief Operating Officer, adopted a trading agreement intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act. Mr. Luca's trading plan provides for the sale, beginning December 2, 2024 through November 10, 2025, of up to 50,000 of our common shares. This represents the maximum number of shares that may be sold pursuant to the 10b5-1 arrangement. The actual number of shares sold will be dependent on the satisfaction of certain conditions set forth in the written plan.
No other director or officer of the Company adopted orterminated a "Rule 10b5-1 trading arrangement" or "non-Rule 10b5-1 trading arrangement," as each term is defined in Item 408(a) of Regulation S-K during the three months ended September 30, 2024.
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