AGÕæÈ˹ٷ½

STOCK TITAN

[8-K] Schlumberger Limited Reports Material Event

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

Global Blue Group Holding AG ("Global Blue") has completed the cash tender offer launched by Shift4 Payments, Inc. and its subsidiary GT Holding 1 GmbH. As of one minute after 11:59 p.m. (NYC time) on 2 July 2025, approximately 233,862,778 shares, or 97.37 % of the company’s outstanding equity, had been validly tendered and not withdrawn. This satisfied the Transaction Agreement’s minimum condition, allowing Merger Sub to accept the shares for payment and create an immediate change of control.

Cash consideration will be paid promptly at the following rates: $7.50 per ordinary share, $10.00 per Series A preferred share, and $11.81 per Series B preferred share. Stock options with strike prices below the offer price were cancelled in exchange for cash equal to their intrinsic value; underwater options were cancelled without payment. Vested restricted share awards converted to cash at $7.50 per share, while unvested awards were replaced with cash-settled rights that vest on the original schedule.

Governance shifted materially: seven directors resigned (including Jacques Stern) upon completion of the offer, while Jordan Frankel and Jeremy Henderson-Ross joined the board, leaving a four-member board comprising Eric Strutz, Eric Meurice, Frankel and Henderson-Ross. Several legacy shareholder, registration-rights and investment agreements were simultaneously terminated.

A joint press release dated 3 July 2025 announcing these results is incorporated by reference as Exhibit 99.1.

Global Blue Group Holding AG (“Global Blue�) ha completato l'offerta pubblica di acquisto in contanti lanciata da Shift4 Payments, Inc. e dalla sua controllata GT Holding 1 GmbH. Alle 00:00:01 (ora di New York) del 2 luglio 2025, circa 233.862.778 azioni, pari al 97,37% del capitale sociale in circolazione, erano state validamente offerte e non ritirate. Questo ha soddisfatto la condizione minima prevista dall'Accordo di Transazione, permettendo a Merger Sub di accettare le azioni per il pagamento e di realizzare un immediato cambio di controllo.

Il corrispettivo in contanti sarà pagato prontamente alle seguenti tariffe: 7,50 $ per azione ordinaria, 10,00 $ per azione preferenziale Serie A e 11,81 $ per azione preferenziale Serie B. Le opzioni su azioni con prezzo di esercizio inferiore al prezzo dell'offerta sono state cancellate in cambio di un pagamento in contanti pari al loro valore intrinseco; le opzioni senza valore sono state cancellate senza alcun pagamento. Le azioni vincolate maturate sono state convertite in contanti a 7,50 $ per azione, mentre quelle non maturate sono state sostituite con diritti regolati in contanti che maturano secondo il calendario originario.

La governance ha subito cambiamenti significativi: sette amministratori si sono dimessi (incluso Jacques Stern) al completamento dell'offerta, mentre Jordan Frankel e Jeremy Henderson-Ross sono entrati nel consiglio, che ora è composto da quattro membri: Eric Strutz, Eric Meurice, Frankel e Henderson-Ross. Contestualmente sono stati terminati diversi accordi legacy con azionisti, diritti di registrazione e investimenti.

Un comunicato stampa congiunto datato 3 luglio 2025 che annuncia questi risultati è incorporato per riferimento come Allegato 99.1.

Global Blue Group Holding AG (“Global Blue�) ha completado la oferta pública de adquisición en efectivo lanzada por Shift4 Payments, Inc. y su subsidiaria GT Holding 1 GmbH. A partir de un minuto después de las 11:59 p.m. (hora de Nueva York) del 2 de julio de 2025, aproximadamente 233,862,778 acciones, o el 97.37 % del capital social en circulación, habían sido válidamente presentadas y no retiradas. Esto cumplió con la condición mínima del Acuerdo de Transacción, permitiendo que Merger Sub acepte las acciones para el pago y se produzca un cambio inmediato de control.

La contraprestación en efectivo se pagará rápidamente a las siguientes tarifas: $7.50 por acción ordinaria, $10.00 por acción preferente Serie A y $11.81 por acción preferente Serie B. Las opciones sobre acciones con precios de ejercicio por debajo del precio de la oferta fueron canceladas a cambio de efectivo igual a su valor intrínseco; las opciones sin valor fueron canceladas sin pago. Las acciones restringidas adquiridas se convirtieron en efectivo a $7.50 por acción, mientras que las no adquiridas se reemplazaron por derechos liquidados en efectivo que se consolidan según el calendario original.

La gobernanza cambió significativamente: siete directores renunciaron (incluido Jacques Stern) tras la finalización de la oferta, mientras que Jordan Frankel y Jeremy Henderson-Ross se unieron a la junta, dejando un consejo de cuatro miembros compuesto por Eric Strutz, Eric Meurice, Frankel y Henderson-Ross. Simultáneamente, se terminaron varios acuerdos heredados de accionistas, derechos de registro e inversión.

Un comunicado de prensa conjunto fechado el 3 de julio de 2025 que anuncia estos resultados se incorpora por referencia como Anexo 99.1.

Global Blue Group Holding AG(“Global Blueâ€�)ëŠ� Shift4 Payments, Inc.와 ê·� ìžíšŒì‚� GT Holding 1 GmbHê°€ 제안í•� 현금 공개 매수 제안ì� 완료했습니다. 2025ë…� 7ì›� 2ì� 뉴욕 시간 오후 11ì‹� 59ë¶� 1ë¶� í›� 기준으로 ì•� 233,862,778ì£�, ì¦� 회사 발행 주ì‹ì� 97.37%ê°€ 유효하게 제출ë˜ê³  철회ë˜ì§€ 않았습니ë‹�. ì´ëŠ” 거래 계약ì� 최소 ì¡°ê±´ì� 충족하여 Merger Subê°€ 주ì‹ì� 수ë½í•˜ê³  즉시 지배권 ë³€ê²½ì„ í•� ìˆ� 있게 했습니다.

현금 ëŒ€ê¸ˆì€ ë‹¤ìŒ ë¹„ìœ¨ë¡� 즉시 지급ë©ë‹ˆë‹¤: 보통ì£� 주당 $7.50, 시리ì¦� A ìš°ì„ ì£� 주당 $10.00, 시리ì¦� B ìš°ì„ ì£� 주당 $11.81. 행사 ê°€ê²©ì´ ì œì•ˆ 가격보ë‹� ë‚®ì€ ì£¼ì‹ ë§¤ìˆ˜ ì˜µì…˜ì€ ë‚´ìž¬ ê°€ì¹˜ì— í•´ë‹¹í•˜ëŠ” 현금으로 취소ë˜ì—ˆìœ¼ë©°, 가치가 없는 ì˜µì…˜ì€ ëŒ€ê¸� ì—†ì´ ì·¨ì†Œë˜ì—ˆìŠµë‹ˆë‹�. ì·¨ë“ë� 제한 ì£¼ì‹ ë³´ìƒì€ 주당 $7.50ë¡� 현금 전환ë˜ì—ˆê³�, 미취ë“� ë³´ìƒì€ ì›ëž˜ ì¼ì •ì—� ë”°ë¼ ì·¨ë“ë˜ëŠ” 현금 ê²°ì œ 권리ë¡� 대체ë˜ì—ˆìŠµë‹ˆë‹¤.

ì§€ë°°êµ¬ì¡°ì— ì¤‘ëŒ€í•� 변화가 있었습니ë‹�: 7ëª…ì˜ ì´ì‚¬(ìží¬ 스턴 í¬í•¨)ê°€ 제안 완료 í›� 사임했으ë©�, ì¡°ë˜ í”„ëž­ì¼ˆê³¼ 제레ë¯� í—¨ë”ìŠ�-로스가 ì´ì‚¬íšŒì— 합류하여 ì—릭 스트루츠, ì—릭 뮤리ìŠ�, 프랭ì¼�, í—¨ë”ìŠ�-로스ë¡� 구성ë� 4ì� ì´ì‚¬íšŒê°€ 구성ë˜ì—ˆìŠµë‹ˆë‹�. 여러 기존 주주, ë“±ë¡ ê¶Œë¦¬ ë°� íˆ¬ìž ê³„ì•½ë� ë™ì‹œì—� 종료ë˜ì—ˆìŠµë‹ˆë‹�.

ì� ê²°ê³¼ë¥� 발표하는 2025ë…� 7ì›� 3ì¼ìž ê³µë™ ë³´ë„ìžë£Œê°€ ë¶€ë¡� 99.1ë¡� 참조ë˜ì–´ í¬í•¨ë˜ì–´ 있습니다.

Global Blue Group Holding AG (« Global Blue ») a finalisé l'offre publique d'achat en numéraire lancée par Shift4 Payments, Inc. et sa filiale GT Holding 1 GmbH. À une minute après 23h59 (heure de New York) le 2 juillet 2025, environ 233 862 778 actions, soit 97,37 % du capital social en circulation, avaient été valablement proposées et non retirées. Cette condition minimale de l'accord de transaction a été satisfaite, permettant à Merger Sub d'accepter les actions pour paiement et de provoquer un changement immédiat de contrôle.

La contrepartie en numéraire sera versée rapidement aux taux suivants : 7,50 $ par action ordinaire, 10,00 $ par action privilégiée de série A et 11,81 $ par action privilégiée de série B. Les options d'achat d'actions avec un prix d'exercice inférieur au prix de l'offre ont été annulées contre un paiement en espèces égal à leur valeur intrinsèque ; les options sans valeur ont été annulées sans paiement. Les attributions d'actions restreintes acquises ont été converties en espèces à 7,50 $ par action, tandis que les attributions non acquises ont été remplacées par des droits réglés en espèces qui acquièrent selon le calendrier initial.

La gouvernance a subi un changement majeur : sept administrateurs ont démissionné (dont Jacques Stern) à l'issue de l'offre, tandis que Jordan Frankel et Jeremy Henderson-Ross ont rejoint le conseil d'administration, qui compte désormais quatre membres : Eric Strutz, Eric Meurice, Frankel et Henderson-Ross. Plusieurs accords historiques d'actionnaires, droits d'enregistrement et d'investissement ont été simultanément résiliés.

Un communiqué de presse conjoint daté du 3 juillet 2025 annonçant ces résultats est incorporé par référence en tant qu'Exhibit 99.1.

Global Blue Group Holding AG („Global Blue�) hat das von Shift4 Payments, Inc. und seiner Tochtergesellschaft GT Holding 1 GmbH initiierte Barübernahmeangebot abgeschlossen. Ab eine Minute nach 23:59 Uhr (NYC-Zeit) am 2. Juli 2025 wurden etwa 233.862.778 Aktien, bzw. 97,37 % des ausstehenden Aktienkapitals gültig angeboten und nicht zurückgezogen. Dies erfüllte die Mindestbedingung des Transaktionsvertrags, wodurch Merger Sub die Aktien annehmen und eine sofortige Kontrolleänderung herbeiführen konnte.

Die Barvergütung wird umgehend zu folgenden Sätzen gezahlt: 7,50 $ pro Stammaktie, 10,00 $ pro Vorzugsaktie Serie A und 11,81 $ pro Vorzugsaktie Serie B. Aktienoptionen mit Ausübungspreisen unter dem Angebotspreis wurden gegen Barzahlung ihres inneren Werts storniert; wertlose Optionen wurden ohne Zahlung storniert. Unmittelbar fällige Restricted Share Awards wurden zu 7,50 $ pro Aktie in bar umgewandelt, während nicht fällige Awards durch barabgewickelte Rechte ersetzt wurden, die nach dem ursprünglichen Zeitplan unverändert vesten.

Die Unternehmensführung änderte sich wesentlich: sieben Direktoren traten (darunter Jacques Stern) nach Abschluss des Angebots zurück, während Jordan Frankel und Jeremy Henderson-Ross dem Vorstand beitraten, der nun aus vier Mitgliedern besteht: Eric Strutz, Eric Meurice, Frankel und Henderson-Ross. Gleichzeitig wurden mehrere Altaktionärs-, Registrierungsrechte- und Investitionsvereinbarungen beendet.

Eine gemeinsame Pressemitteilung vom 3. Juli 2025, die diese Ergebnisse bekannt gibt, ist als Anlage 99.1 durch Verweis aufgenommen.

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Insights

TL;DR: Shift4 acquires 97.37 % of Global Blue via $7.50 cash tender, delivering liquidity and triggering board overhaul.

Impact: Material. Cash exit at fixed prices gives certainty to nearly all shareholders and positions Global Blue as a controlled subsidiary of Shift4. The acceptance level well above 90 % indicates broad support and paves the way for potential downstream merger or squeeze-out (not stated in filing). Option and RSU cashouts simplify the capital structure and remove future dilution.

Valuation considerations: The filing does not disclose premium metrics, but the conversion to cash crystallises value and eliminates market-price volatility for tendering holders. Remaining minority holders, representing roughly 2.63 % of shares, may see reduced liquidity.

TL;DR: Board turnover and termination of multiple shareholder agreements mark a sweeping governance reset.

The resignation of seven long-standing directors and the appointment of two Shift4-aligned nominees consolidate control under the new majority owner. Terminated agreements include conversion, relationship and registration-rights pacts with prior investors such as Silver Lake, Antfin and Tencent, effectively dissolving legacy influence frameworks. While no disagreements are reported, minority investor protections may now rely purely on Swiss corporate law and any remaining listing standards.

Global Blue Group Holding AG (“Global Blue�) ha completato l'offerta pubblica di acquisto in contanti lanciata da Shift4 Payments, Inc. e dalla sua controllata GT Holding 1 GmbH. Alle 00:00:01 (ora di New York) del 2 luglio 2025, circa 233.862.778 azioni, pari al 97,37% del capitale sociale in circolazione, erano state validamente offerte e non ritirate. Questo ha soddisfatto la condizione minima prevista dall'Accordo di Transazione, permettendo a Merger Sub di accettare le azioni per il pagamento e di realizzare un immediato cambio di controllo.

Il corrispettivo in contanti sarà pagato prontamente alle seguenti tariffe: 7,50 $ per azione ordinaria, 10,00 $ per azione preferenziale Serie A e 11,81 $ per azione preferenziale Serie B. Le opzioni su azioni con prezzo di esercizio inferiore al prezzo dell'offerta sono state cancellate in cambio di un pagamento in contanti pari al loro valore intrinseco; le opzioni senza valore sono state cancellate senza alcun pagamento. Le azioni vincolate maturate sono state convertite in contanti a 7,50 $ per azione, mentre quelle non maturate sono state sostituite con diritti regolati in contanti che maturano secondo il calendario originario.

La governance ha subito cambiamenti significativi: sette amministratori si sono dimessi (incluso Jacques Stern) al completamento dell'offerta, mentre Jordan Frankel e Jeremy Henderson-Ross sono entrati nel consiglio, che ora è composto da quattro membri: Eric Strutz, Eric Meurice, Frankel e Henderson-Ross. Contestualmente sono stati terminati diversi accordi legacy con azionisti, diritti di registrazione e investimenti.

Un comunicato stampa congiunto datato 3 luglio 2025 che annuncia questi risultati è incorporato per riferimento come Allegato 99.1.

Global Blue Group Holding AG (“Global Blue�) ha completado la oferta pública de adquisición en efectivo lanzada por Shift4 Payments, Inc. y su subsidiaria GT Holding 1 GmbH. A partir de un minuto después de las 11:59 p.m. (hora de Nueva York) del 2 de julio de 2025, aproximadamente 233,862,778 acciones, o el 97.37 % del capital social en circulación, habían sido válidamente presentadas y no retiradas. Esto cumplió con la condición mínima del Acuerdo de Transacción, permitiendo que Merger Sub acepte las acciones para el pago y se produzca un cambio inmediato de control.

La contraprestación en efectivo se pagará rápidamente a las siguientes tarifas: $7.50 por acción ordinaria, $10.00 por acción preferente Serie A y $11.81 por acción preferente Serie B. Las opciones sobre acciones con precios de ejercicio por debajo del precio de la oferta fueron canceladas a cambio de efectivo igual a su valor intrínseco; las opciones sin valor fueron canceladas sin pago. Las acciones restringidas adquiridas se convirtieron en efectivo a $7.50 por acción, mientras que las no adquiridas se reemplazaron por derechos liquidados en efectivo que se consolidan según el calendario original.

La gobernanza cambió significativamente: siete directores renunciaron (incluido Jacques Stern) tras la finalización de la oferta, mientras que Jordan Frankel y Jeremy Henderson-Ross se unieron a la junta, dejando un consejo de cuatro miembros compuesto por Eric Strutz, Eric Meurice, Frankel y Henderson-Ross. Simultáneamente, se terminaron varios acuerdos heredados de accionistas, derechos de registro e inversión.

Un comunicado de prensa conjunto fechado el 3 de julio de 2025 que anuncia estos resultados se incorpora por referencia como Anexo 99.1.

Global Blue Group Holding AG(“Global Blueâ€�)ëŠ� Shift4 Payments, Inc.와 ê·� ìžíšŒì‚� GT Holding 1 GmbHê°€ 제안í•� 현금 공개 매수 제안ì� 완료했습니다. 2025ë…� 7ì›� 2ì� 뉴욕 시간 오후 11ì‹� 59ë¶� 1ë¶� í›� 기준으로 ì•� 233,862,778ì£�, ì¦� 회사 발행 주ì‹ì� 97.37%ê°€ 유효하게 제출ë˜ê³  철회ë˜ì§€ 않았습니ë‹�. ì´ëŠ” 거래 계약ì� 최소 ì¡°ê±´ì� 충족하여 Merger Subê°€ 주ì‹ì� 수ë½í•˜ê³  즉시 지배권 ë³€ê²½ì„ í•� ìˆ� 있게 했습니다.

현금 ëŒ€ê¸ˆì€ ë‹¤ìŒ ë¹„ìœ¨ë¡� 즉시 지급ë©ë‹ˆë‹¤: 보통ì£� 주당 $7.50, 시리ì¦� A ìš°ì„ ì£� 주당 $10.00, 시리ì¦� B ìš°ì„ ì£� 주당 $11.81. 행사 ê°€ê²©ì´ ì œì•ˆ 가격보ë‹� ë‚®ì€ ì£¼ì‹ ë§¤ìˆ˜ ì˜µì…˜ì€ ë‚´ìž¬ ê°€ì¹˜ì— í•´ë‹¹í•˜ëŠ” 현금으로 취소ë˜ì—ˆìœ¼ë©°, 가치가 없는 ì˜µì…˜ì€ ëŒ€ê¸� ì—†ì´ ì·¨ì†Œë˜ì—ˆìŠµë‹ˆë‹�. ì·¨ë“ë� 제한 ì£¼ì‹ ë³´ìƒì€ 주당 $7.50ë¡� 현금 전환ë˜ì—ˆê³�, 미취ë“� ë³´ìƒì€ ì›ëž˜ ì¼ì •ì—� ë”°ë¼ ì·¨ë“ë˜ëŠ” 현금 ê²°ì œ 권리ë¡� 대체ë˜ì—ˆìŠµë‹ˆë‹¤.

ì§€ë°°êµ¬ì¡°ì— ì¤‘ëŒ€í•� 변화가 있었습니ë‹�: 7ëª…ì˜ ì´ì‚¬(ìží¬ 스턴 í¬í•¨)ê°€ 제안 완료 í›� 사임했으ë©�, ì¡°ë˜ í”„ëž­ì¼ˆê³¼ 제레ë¯� í—¨ë”ìŠ�-로스가 ì´ì‚¬íšŒì— 합류하여 ì—릭 스트루츠, ì—릭 뮤리ìŠ�, 프랭ì¼�, í—¨ë”ìŠ�-로스ë¡� 구성ë� 4ì� ì´ì‚¬íšŒê°€ 구성ë˜ì—ˆìŠµë‹ˆë‹�. 여러 기존 주주, ë“±ë¡ ê¶Œë¦¬ ë°� íˆ¬ìž ê³„ì•½ë� ë™ì‹œì—� 종료ë˜ì—ˆìŠµë‹ˆë‹�.

ì� ê²°ê³¼ë¥� 발표하는 2025ë…� 7ì›� 3ì¼ìž ê³µë™ ë³´ë„ìžë£Œê°€ ë¶€ë¡� 99.1ë¡� 참조ë˜ì–´ í¬í•¨ë˜ì–´ 있습니다.

Global Blue Group Holding AG (« Global Blue ») a finalisé l'offre publique d'achat en numéraire lancée par Shift4 Payments, Inc. et sa filiale GT Holding 1 GmbH. À une minute après 23h59 (heure de New York) le 2 juillet 2025, environ 233 862 778 actions, soit 97,37 % du capital social en circulation, avaient été valablement proposées et non retirées. Cette condition minimale de l'accord de transaction a été satisfaite, permettant à Merger Sub d'accepter les actions pour paiement et de provoquer un changement immédiat de contrôle.

La contrepartie en numéraire sera versée rapidement aux taux suivants : 7,50 $ par action ordinaire, 10,00 $ par action privilégiée de série A et 11,81 $ par action privilégiée de série B. Les options d'achat d'actions avec un prix d'exercice inférieur au prix de l'offre ont été annulées contre un paiement en espèces égal à leur valeur intrinsèque ; les options sans valeur ont été annulées sans paiement. Les attributions d'actions restreintes acquises ont été converties en espèces à 7,50 $ par action, tandis que les attributions non acquises ont été remplacées par des droits réglés en espèces qui acquièrent selon le calendrier initial.

La gouvernance a subi un changement majeur : sept administrateurs ont démissionné (dont Jacques Stern) à l'issue de l'offre, tandis que Jordan Frankel et Jeremy Henderson-Ross ont rejoint le conseil d'administration, qui compte désormais quatre membres : Eric Strutz, Eric Meurice, Frankel et Henderson-Ross. Plusieurs accords historiques d'actionnaires, droits d'enregistrement et d'investissement ont été simultanément résiliés.

Un communiqué de presse conjoint daté du 3 juillet 2025 annonçant ces résultats est incorporé par référence en tant qu'Exhibit 99.1.

Global Blue Group Holding AG („Global Blue�) hat das von Shift4 Payments, Inc. und seiner Tochtergesellschaft GT Holding 1 GmbH initiierte Barübernahmeangebot abgeschlossen. Ab eine Minute nach 23:59 Uhr (NYC-Zeit) am 2. Juli 2025 wurden etwa 233.862.778 Aktien, bzw. 97,37 % des ausstehenden Aktienkapitals gültig angeboten und nicht zurückgezogen. Dies erfüllte die Mindestbedingung des Transaktionsvertrags, wodurch Merger Sub die Aktien annehmen und eine sofortige Kontrolleänderung herbeiführen konnte.

Die Barvergütung wird umgehend zu folgenden Sätzen gezahlt: 7,50 $ pro Stammaktie, 10,00 $ pro Vorzugsaktie Serie A und 11,81 $ pro Vorzugsaktie Serie B. Aktienoptionen mit Ausübungspreisen unter dem Angebotspreis wurden gegen Barzahlung ihres inneren Werts storniert; wertlose Optionen wurden ohne Zahlung storniert. Unmittelbar fällige Restricted Share Awards wurden zu 7,50 $ pro Aktie in bar umgewandelt, während nicht fällige Awards durch barabgewickelte Rechte ersetzt wurden, die nach dem ursprünglichen Zeitplan unverändert vesten.

Die Unternehmensführung änderte sich wesentlich: sieben Direktoren traten (darunter Jacques Stern) nach Abschluss des Angebots zurück, während Jordan Frankel und Jeremy Henderson-Ross dem Vorstand beitraten, der nun aus vier Mitgliedern besteht: Eric Strutz, Eric Meurice, Frankel und Henderson-Ross. Gleichzeitig wurden mehrere Altaktionärs-, Registrierungsrechte- und Investitionsvereinbarungen beendet.

Eine gemeinsame Pressemitteilung vom 3. Juli 2025, die diese Ergebnisse bekannt gibt, ist als Anlage 99.1 durch Verweis aufgenommen.

SCHLUMBERGER LIMITED/NV P8 US false 0000087347 0000087347 2025-06-24 2025-06-24
 
 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 24, 2025

 

 

SCHLUMBERGER N.V. (SCHLUMBERGER LIMITED)

(Exact name of registrant as specified in its charter)

 

 

 

Curaçao   1-4601   52-0684746

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

42 rue Saint-Dominique, Paris, France 75007

5599 San Felipe, Houston, Texas, U.S.A . 77056

(address)

62 Buckingham Gate, London, United Kingdom SW1E 6AJ

Parkstraat 83, The Hague, The Netherlands 2514 JG

(Addresses of principal executive offices and zip or postal codes)

Registrant’s telephone number in the United States, including area code: (713) 513-2000

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

 

Trading
Symbol(s)

 

Name of each exchange
on which registered

common stock, par value $0.01 per share   SLB   New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 
 


Item 7.01

Regulation FD Disclosure.

On June 24, 2025, Olivier Le Peuch, CEO of SLB, addressed the J.P. Morgan Energy, Power & Renewables Conference in New York, New York, where he discussed in a fireside chat, among other things, SLB’s operational update for the second quarter 2025. Mr. Le Peuch’s discussion included the following statement:

“Looking broadly across the energy markets, there has been a lot of uncertainty this quarter, including OPEC+ announcements, tariff negotiations, and geopolitical escalations.

“In this environment, the actual activity mix has diverged slightly from the assumptions we used to plan the quarter. This was most notable in Saudi Arabia, where activity has declined ahead of our expectations with several additional rigs being demobilized and Jafurah unconventional activity taking a slight pause ahead of new tender results. Additionally, we continue to see lower short-cycle activity in Latin America. These declines are offset by pockets of growth across Middle East and North Africa.

“Barring any impact to activity in the Persian Gulf from the conflict, we still expect second-quarter revenue to be flattish sequentially. However, the unfavorable geographical activity mix is impacting margins, and we now expect company-wide EBITDA, in dollar terms, to also be flat sequentially, slightly down from the expectation shared during the first-quarter earnings call. This impact is most notable in our Well Construction division, while margins in Production Systems, Reservoir Performance, and Digital and Integration remain resilient.

“Our commitment to returning a minimum of $4 billion to shareholders in 2025 is unchanged.

“Looking ahead, we will provide updated guidance for the second half of the year during our second quarter earnings call in a few weeks.”

The second-quarter operational update is further summarized in the attached slides furnished as Exhibit 99 hereto and incorporated into this Item 7.01 by reference. In accordance with General Instruction B.2. of Form 8-K, the information in this Item 7.01 will not be deemed “filed” for purposes of Section 18 of the Exchange Act, nor will it be deemed incorporated by reference in any filing under the Securities Act, except as expressly set forth by specific reference in such a filing.

Cautionary Statement Regarding Forward-looking Statements

This Form 8-K and the presentation furnished as Exhibit 99 hereto, as well as other statements we make, contain “forward-looking statements” within the meaning of the federal securities laws, which include any statements that are not historical facts. Such statements often contain words such as “expect,” “may,” “can,” “believe,” “predict,” “plan,” “potential,” “projected,” “projections,” “precursor,” “forecast,” “outlook,” “expectations,” “estimate,” “intend,” “anticipate,” “ambition,” “goal,” “target,” “scheduled,” “think,” “should,” “could,” “would,” “will,” “see,” “likely,” and other similar words. Forward-looking statements address matters that are, to varying degrees, uncertain, such as statements about our financial and performance targets and other forecasts or expectations regarding, or dependent on, our business outlook; growth for SLB as a whole and for each of its Divisions (and for specified business lines, geographic areas, or technologies within each Division); oil and natural gas demand and production growth; oil and natural gas prices; forecasts or expectations regarding energy transition and global climate change; improvements in operating procedures and technology; capital expenditures by SLB and the oil and gas industry; our business strategies, including digital and “fit for basin,” as well as the strategies of our customers; our capital allocation plans, including dividend plans and share repurchase programs; our APS projects, joint ventures, and other alliances; the impact of ongoing or escalating conflicts on global energy supply; access to raw materials; future global economic and geopolitical conditions; future liquidity, including free cash flow; and future results of operations, such as margin levels. These statements are subject to risks and uncertainties, including, but not limited to, changing global economic and geopolitical conditions; changes in exploration and production spending by our customers, and changes in the level of oil and natural gas exploration and development; the results of operations and financial condition of our customers and suppliers; the inability to achieve our financial and performance targets and other forecasts and expectations; the inability to achieve our net-zero carbon emissions goals or interim emissions reduction goals; general economic, geopolitical, and business conditions in key regions of the world; foreign currency risk; inflation; changes in monetary policy by governments; tariffs; pricing pressure; weather and seasonal factors;


unfavorable effects of health pandemics; availability and cost of raw materials; operational modifications, delays, or cancellations; challenges in our supply chain; production declines; the extent of future charges; the inability to recognize efficiencies and other intended benefits from our business strategies and initiatives, such as digital or new energy, as well as our cost reduction strategies; changes in government regulations and regulatory requirements, including those related to offshore oil and gas exploration, radioactive sources, explosives, chemicals, and climate-related initiatives; the inability of technology to meet new challenges in exploration; the competitiveness of alternative energy sources or product substitutes; and other risks and uncertainties detailed in this Form 8-K and the presentation furnished hereto and our most recent Forms 10-K, 10-Q, and 8-K filed with or furnished to the SEC.

If one or more of these or other risks or uncertainties materialize (or the consequences of any such development changes), or should our underlying assumptions prove incorrect, actual results or outcomes may vary materially from those reflected in our forward-looking statements. Statements in this Form 8-K and the presentation furnished hereto are made as of the date hereof, and SLB disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events, or otherwise.

Non-GAAP Financial Measures

This Form 8-K and the presentation furnished hereto include non-GAAP financial measures, including adjusted EBITDA, referred to in Item 7.01 as “EBITDA”. SLB is not able to provide reconciliations of forward-looking presentations of non-GAAP financial measures to GAAP measures because these measures are not determinable without unreasonable efforts due to the inherent difficulty and unpredictability in forecasting and quantifying certain amounts that would be necessary for such reconciliations, which amounts could be significant. Adjusted EBITDA represents income (loss) before taxes excluding charges and credits, depreciation and amortization, interest expense, and interest income. Management believes that the exclusion of charges and credits from adjusted EBITDA enables it to evaluate more effectively SLB’s operations period over period and to identify operating trends that could otherwise be masked by the excluded items.

 

Item 9.01

Financial Statements and Exhibits.

 

(d)

Exhibits

The exhibit listed below is furnished pursuant to Item 9.01 of this Form 8-K.

 

99    Second-Quarter 2025 Operational Update.
104    Cover Page Interactive Data File (embedded within the Inline XBRL document).


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

SCHLUMBERGER LIMITED

/s/ Dianne B. Ralston

Dianne B. Ralston
Chief Legal Officer and Secretary
Date: June 24, 2025

FAQ

What percentage of Global Blue (GB) shares were tendered to Shift4?

Approximately 97.37 % of outstanding shares were validly tendered and accepted for payment.

What cash consideration will Global Blue common shareholders receive?

Each ordinary share will be paid $7.50 in cash, without interest.

Which board members resigned after the tender offer completion?

Thomas W. Farley, Pietro Candela, Tom Klein, Christian Lucas, Joseph Osnoss, Ulf Pagenkopf and Jacques Stern all resigned.

Who joined Global Blue’s board following the transaction?

Jordan Frankel and Jeremy Henderson-Ross became directors as of the offer’s completion.

Were any shareholder or investment agreements terminated?

Yes. Multiple conversion, relationship, registration-rights and investment agreements dating from 2020-2024 were terminated at the Acceptance Time.
Schlumberger

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Oil & Gas Equipment & Services
Oil & Gas Field Services, Nec
United States
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