To approve the Scheme of Arrangement by, and on behalf of Weatherford International plc (Weatherford-Ireland), and to authorize the directors of Weatherford-Ireland to take all actions as they consider necessary or appropriate to carry the Scheme of Arrangement into effect.
To approve a capital reduction under sections 84 to 86 of the Companies Act 2014, as amended to effect the cancellation of Weatherford-Ireland ordinary shares contemplated by the Scheme of Arrangement.
To approve the terms of an initial subscription, allotment and issue of one, or more, Weatherford-Ireland ordinary shares to Weatherford International Corp (Weatherford-US) in connection with the Scheme of Arrangement.
To authorize the directors of Weatherford-Ireland to allot and issue further new Weatherford-Ireland ordinary shares to Weatherford-US in connection with the Scheme of Arrangement to be paid up by the application of certain reserves as described in the Scheme of Arrangement.
To approve an amendment to the Weatherford-Ireland Articles so that any Weatherford-Ireland ordinary shares that are issued on or after the Voting Record Time to persons other than Weatherford-US or its nominee(s) will either be subject to the terms of the Scheme of Arrangement or will be immediately and automatically acquired by Weatherford-US and/or its nominee(s) for the Scheme Consideration (as defined in the Scheme of Arrangement).
To approve any motion to adjourn the Extraordinary General Meeting, or any adjournments thereof, to another time and place if necessary or appropriate to solicit additional proxies if there are insufficient votes at the time of the Extraordinary General Meeting to approve the resolutions proposed at the Extraordinary General Meeting.