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Weatherford shareholders approve equity plan increasing shares by 565,000; redomestication vote fails
WFRDWeatherford International plc
Weatherford International plc shareholders voted to approve the Fifth Amended and Restated 2019 Equity Incentive Plan, which increases the number of ordinary shares issuable under the plan by 565,000 shares. However, the proposed redomestication from Ireland to the United States failed to receive the required 75% support threshold at the Special Court-Convened Meeting of Shareholders. The company intends to present an updated redomestication proposal to Delaware at a future meeting. Weatherford International plc is an oilfield services company.