Weatherford and NCS Multistage Announce Anticipated Election Deadline and Closing Date

HOUSTON, Aug. 24, 2026 (GLOBE NEWSWIRE) — Weatherford International plc (NASDAQ: WFRD) (“Weatherford”) and NCS Multistage Holdings, Inc. (NASDAQ: NCSM) (“NCS Multistage”) today announced that 5:00 P.M., Eastern Time on August 31, 2026 is the anticipated deadline for NCS Multistage stockholders to elect the form of merger consideration that they would be entitled to receive at the closing of the transaction (the “Election Deadline”).

Under the terms of the merger agreement, NCS Multistage stockholders can elect to receive either (i) 0.554 Weatherford ordinary shares at closing (the “Share Consideration”), or (ii) a combination of 0.239 Weatherford ordinary shares and a cash amount equal to 0.137 Weatherford ordinary shares, subject to proration and certain limitations and adjustments.

Holders of NCS Multistage common stock who elect to receive Share Consideration or who do not timely make a valid election before the Election Deadline will be deemed to have elected to receive the Share Consideration, which is not subject to proration or limitations and adjustments.

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In connection with NCS Multistage’s mailing of the information statement / prospectus regarding the transaction, record holders of NCS Multistage common stock received an election form and instructions to complete the election form.

The transaction has been approved by the Board of Directors of Weatherford, the Board of Directors of NCS Multistage and the controlling stockholder of NCS Multistage that owns more than 50% of NCS Multistage’s outstanding common stock. The transaction is subject to certain customary closing conditions and is expected to close on or about September 1, 2026 (the “Anticipated Closing Date”). If the transaction does not close by the Anticipated Closing Date, the Election Deadline may be extended. If such an extension occurs, Weatherford and NCS Multistage expect to make an announcement to that effect.

Until the transaction closes, Weatherford and NCS Multistage will continue to operate as separate, independent companies.

About Weatherford Weatherford is a global energy services company that helps customers drill smarter, complete wells more effectively, and maximize production across the entire well lifecycle. With a differentiated portfolio of market-leading solutions, integrated technologies, and a broad global customer footprint across six continents, we blend advanced engineering, digital intelligence, and world-class field expertise to reduce risk, improve performance, and maximize the value of customer assets. Together, we elevate every operation, delivering stronger wells, sharper decisions, and better energy for the world. Visit weatherford.com for more information and connect with us on social media.

About NCS Multistage NCS Multistage is a leading provider of highly engineered products and support services that facilitate the optimization of oil and natural gas well construction, well completion and field development strategies.