Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
Weatherford International PLC
(Name of Issuer)
Ordinary Shares, par value $0.001 per share
(Title of Class of Securities)
G48833118
(CUSIP Number)
December 31, 2022
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
☐ | Rule 13d-1(b) |
☒ | Rule 13d-1(c) |
☐ | Rule 13d-1(d) |
* | The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. |
The information required in the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
CUSIP No. G48833118
1. |
Names of Reporting Persons.
Giovanni Agnelli B.V. | |||||
2. | Check the Appropriate Box if a Member of a Group (See Instructions)
(a) ☐ (b) ☐ | |||||
3. | SEC Use Only
| |||||
4. | Citizenship or Place of Organization
The Netherlands |
Number of Shares Beneficially Owned by Each Reporting Person With: |
5. | Sole Voting Power:
4,669,231 | ||||
6. | Shared Voting Power:
0 | |||||
7. | Sole Dispositive Power:
4,669,231 | |||||
8. | Shared Dispositive Power:
0 |
9. |
Aggregate Amount Beneficially Owned by Each Reporting Person
4,669,231 | |||||
10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
☐ | |||||
11. | Percent of Class Represented by Amount in Row (9)
6.61%* | |||||
12. | Type of Reporting Person (See Instructions)
HC, CO |
* | Based on 70,608,639 ordinary shares outstanding at October 21, 2022 as reported in the Issuers quarterly report on Form 10-Q for the period ended September 30, 2022, filed with the Securities and Exchange Commission (SEC) on October 26, 2022. |
Page 2 of 9 pages
CUSIP No. G48833118
1. |
Names of Reporting Persons.
Exor N.V. | |||||
2. | Check the Appropriate Box if a Member of a Group (See Instructions)
(a) ☐ (b) ☐ | |||||
3. | SEC Use Only
| |||||
4. | Citizenship or Place of Organization
The Netherlands |
Number of Shares Beneficially Owned by Each Reporting Person With: |
5. | Sole Voting Power:
4,669,231 | ||||
6. | Shared Voting Power:
0 | |||||
7. | Sole Dispositive Power:
4,669,231 | |||||
8. | Shared Dispositive Power:
0 |
9. |
Aggregate Amount Beneficially Owned by Each Reporting Person
4,669,231 | |||||
10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
☐ | |||||
11. | Percent of Class Represented by Amount in Row (9)
6.61%* | |||||
12. | Type of Reporting Person (See Instructions)
HC, CO |
* | Based on 70,608,639 ordinary shares outstanding at October 21, 2022 as reported in the Issuers quarterly report on Form 10-Q for the period ended September 30, 2022, filed with the SEC on October 26, 2022. |
Page 3 of 9 pages
CUSIP No. G48833118
1. |
Names of Reporting Persons.
Exor Investments Limited | |||||
2. | Check the Appropriate Box if a Member of a Group (See Instructions)
(a) ☐ (b) ☐ | |||||
3. | SEC Use Only
| |||||
4. | Citizenship or Place of Organization
United Kingdom |
Number of Shares Beneficially Owned by Each Reporting Person With: |
5. | Sole Voting Power:
4,669,231 | ||||
6. | Shared Voting Power:
0 | |||||
7. | Sole Dispositive Power:
4,669,231 | |||||
8. | Shared Dispositive Power:
0 |
9. |
Aggregate Amount Beneficially Owned by Each Reporting Person
4,669,231 | |||||
10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
☐ | |||||
11. | Percent of Class Represented by Amount in Row (9)
6.61%* | |||||
12. | Type of Reporting Person (See Instructions)
CO, FI |
* | Based on 70,608,639 ordinary shares outstanding at October 21, 2022 as reported in the Issuers quarterly report on Form 10-Q for the period ended September 30, 2022, filed with the SEC on October 26, 2022. |
Page 4 of 9 pages
CUSIP No. G48833118 |
1. |
Names of Reporting Persons.
Exor Capital LLP | |||||
2. | Check the Appropriate Box if a Member of a Group (See Instructions)
(a) ☐ (b) ☐ | |||||
3. | SEC Use Only
| |||||
4. | 0; Citizenship or Place of Organization
United Kingdom |
Number of Shares Beneficially Owned by Each Reporting Person With: |
5. | Sole Voting Power:
4,669,231 | ||||
6. | Shared Voting Power:
0 | |||||
7. | Sole Dispositive Power:
4,669,231 | |||||
8. | Shared Dispositive Power:
0 |
9. |
Aggregate Amount Beneficially Owned by Each Reporting Person
4,669,231 | |||||
10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
☐ | |||||
11. | Percent of Class Represented by Amount in Row (9)
6.61%* | |||||
12. | Type of Reporting Person (See Instructions)
PN, FI |
* | Based on 70,608,639 ordinary shares outstanding at October 21, 2022 as reported in the Issuers quarterly report on Form 10-Q for the period ended September 30, 2022, filed with the SEC on October 26, 2022. |
Page 5 of 9 pages
Item 1. | |
|
(a) |
Name of Issuer: Weatherford International PLC | ||
(b) |
Address of Issuers Principal Executive Offices 2000 St. James Place Houston, Texas 77056 United States |
Item 2. | |
|
(a) |
Name of Person Filing
Giovanni Agnelli B.V. Exor N.V. Exor Investments Limited Exor Capital LLP
Exor Capital LLP, which acquired the securities being reported on, is 99.7% owned by Exor Investments Limited. Exor Investments Limited is a wholly owned subsidiary of Exor N.V., which in turn is controlled by Giovanni Agnelli B.V. | ||
(b) |
Address of Principal Business Office or, if none, Residence Giovanni Agnelli B.V.
Gustav Mahlerplein 25 Amsterdam, 1082 MS The Netherlands
Exor N.V.
Gustav Mahlerplein 25 Amsterdam, 1082 MS The Netherlands
Exor Investments Limited
28 Headfort Place London, SW1X 7DH United Kingdom
Exor Capital LLP
28 Headfort Place London, SW1X 7DH United Kingdom | |||
(c) |
Citizenship
Giovanni Agnelli B.V. the Netherlands Exor N.V. the Netherlands Exor Investments Limited United Kingdom Exor Capital LLP United Kingdom |
Page 6 of 9 pages
|
(d) |
Title of Class of Securities Ordinary Shares, par value $0.001 per share | ||
(e) |
CUSIP Number G48833118 |
Item 3. | If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: |
Not applicable.
Item 4. | Ownership. |
(a) | Amount beneficially owned: See the responses to Item 9 on the attached cover pages. | |||||
|
(b) |
Percent of class: See the responses to Item 11 on the attached cover pages. | ||||
(c) |
Number of shares as to which the person has: | |||||
(i) |
Sole power to vote or to direct the vote See the responses to Item 5 on the attached cover pages. | |||||
(ii) |
Shared power to vote or to direct the vote See the responses to Item 6 on the attached cover pages. | |||||
(iii) |
Sole power to dispose or to direct the disposition of See the responses to Item 7 on the attached cover pages. | |||||
(iv) |
Shared power to dispose or to direct the disposition of See the responses to Item 8 on the attached cover pages. |
Item 5. | Ownership of Five Percent or Less of a Class. |
Not Applicable
Item 6. | Ownership of More than Five Percent on Behalf of Another Person. |
Not Applicable
Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. |
See Item 2.
Item 8. | Identification and Classification of Members of the Group. |
Not Applicable
Item 9. | Notice of Dissolution of Group. |
Not Applicable
Page 7 of 9 pages
Item 10. | Certification. |
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
Page 8 of 9 pages
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Date: February 14, 2023
Giovanni Agnelli B.V. | ||
By |
/s/ Guido de Boer | |
Name: |
Guido de Boer | |
Title: |
Authorised Signatory | |
Exor N.V. | ||
By |
/s/ Guido de Boer | |
Name: |
Guido de Boer | |
Title: |
Chief Financial Officer | |
Exor Investments Limited | ||
By |
/s/ Guido de Boer | |
Name: |
Guido de Boer | |
Title: |
Director | |
Exor Capital LLP | ||
By |
/s/ Enrico Vellano | |
Name: |
Enrico Vellano | |
Title: |
Co-CEO |
Page 9 of 9 pages
INDEX TO EXHIBITS
99.1 | Joint Filing Agreement |