HOUSTON, June 1, 2021 /PRNewswire/ -- Weatherford
International plc (OTC Pink: WFTLF) ("Weatherford" or the "Company") today announced
that The Nasdaq Stock Market LLC ("NASDAQ") has approved its
application for the relisting of Weatherford's ordinary shares on NASDAQ under
the ticker symbol "WFRD", effective with the opening of trading on
Wednesday, June 2, 2021.
Girish Saligram, President and
Chief Executive Officer, commented, "We are excited to fully return
to the public markets on the Nasdaq stock exchange as WFRD. We have
great confidence in our operating posture and commercial profile to
create sustainable profitability and believe our relisting will
allow a broader base of investors the opportunity to participate in
that value creation. We are incredibly proud of our heritage, which
is built on a legacy of innovation and believe our best days are
ahead as we forge our path as the new Weatherford."
About Weatherford
Weatherford is a leading
wellbore and production solutions company. Operating in more than
75 countries, the Company answers the challenges of the energy
industry with its global talent network of approximately 17,000
team members and approximately 380 operating locations, including
manufacturing, research and development, service, and training
facilities. Visit weatherford.com for more information or
connect on LinkedIn, Facebook, Twitter, Instagram, or YouTube.
Contacts
For Investors:
Mohammed
Topiwala
Weatherford Investor Relations
+1 713-836-7777
investor.relations@weatherford.com
For Media:
Kelley
Hughes
Director, Global Communications
+1 713-836-4193
kelley.hughes@weatherford.com
Forward-Looking Statements
This news release contains forward-looking statements, which are
generally identified by the words "believe," "project," "expect,"
"anticipate," "estimate," "outlook," "budget," "intend,"
"strategy," "plan," "guidance," "may," "should," "could," "will,"
"would," "will be," "will continue," "will likely result," 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. 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 cautioned that
forward-looking statements are only predictions and may differ
materially from actual future events or results, including
Weatherford's ability to satisfy
continued listing standards of NASDAQ; the price and price
volatility of oil and natural gas; the extent or duration of
business interruptions, demand for oil and gas and depressed
commodity prices associated with COVID-19 pandemic; general global
economic repercussions related to COVID-19 pandemic; the
macroeconomic outlook for the oil and gas industry; and operational
challenges relating to the COVID-19 pandemic and efforts to
mitigate the spread of the virus, including logistical challenges,
protecting the health and well-being of our employees, remote work
arrangements, performance of contracts and supply chain
disruptions; our ability to generate cash flow from operations to
fund our operations; and the realization of additional cost savings
and operational efficiencies. Forward-looking statements are also
affected by the risk factors described in the Company's Annual
Report on Form 10-K, as amended, for the year ended December 31, 2020, and those set forth from
time-to-time in the Company's 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 federal
securities laws.
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SOURCE Weatherford International plc