Borr Drilling Ltd. initiated a share repurchase program on December 13, 2024 to repurchase USD 10 million of the Company's common shares in open market transactions on the OSE and NYSE until no later than December 31, 2024 pursuant to an agreement with DNB Markets, a part of DNB Bank ASA . This was the second step under the Board of Directors authorized commitment to repurchase $20 million worth of shares before the end [...]
Borr Drilling Ltd. refers to i) its announcement on 6 November 2024, where the Company announced the authorization by its Board of Directors of a commitment to repurchase $20 million worth of shares within year end 2024, under its previously announced $100 million share repurchase authorization, and ii) the announcement on November 20, 2024, where the Company announced the completion of the first $10 million repurchases [...]
Borr Drilling Ltd. is pleased to announce a new contract commitment for its premium jack-up rig "Norve" with a repeat customer in West Africa. This work is in direct continuation of the Marathon Oil contract and is estimated to commence in Q3 2025. The contract is for five wells firm, with an anticipated duration of 320 days, plus up to five optional wells at mutually agreed prices. This commitment adds an additional $58 [...]
Borr Drilling Ltd. initiated a share repurchase program on November 12, 2024 to repurchase USD 10 million of the Company's common shares in open market transactions on the OSE and NYSE until no later than November 30, 2024 pursuant to an agreement with DNB Markets, a part of DNB Bank ASA . This was the initial step under the Board of Directors authorized commitment to repurchase $20 million worth of shares before the end [...]
Borr Drilling Ltd. has received a notice of temporary suspension of operation for its rig "Arabia II", operating in Saudi Arabia. The temporary suspension will be for a period of up to 12 months. The commencement date of the suspension is still to be confirmed by the customer. Forward looking statements This press release includes forward looking statements, which do not reflect historical facts and may be identified by [...]
Borr Drilling Ltd. refers to its announcement on 6 November 2024, where the Company's Board of Directors authorized the commitment to repurchase $20 million worth of shares within year end 2024, under its previously announced $100 million share repurchase authorisation. The intention of the program is to service its shareholders by way of reducing the share capital. As an initial step under the repurchase program, the [...]
Drew Holdings Ltd., a close associate of Mr. Tor Olav Trøim, has on 8 November, 2024, bought 1,500,000 common shares in Borr Drilling Ltd. at an average price of $3.9335 per share. Mr. Trøim is the chairman of Borr's board and thus, as per the Market Abuse Directive, a person discharging managerial responsibilities in Borr . Mr. Trøim and his close associates will, following the completion of this transaction, own [...]
HAMILTON, Bermuda, Nov. 7, 2024 /PRNewswire/ -- Please find enclosed the presentation of Borr Drilling Ltd.'s third quarter 2024 results to be held on the webcast/conference call at 15:00 CET on November 7, 2024. In order to listen to the presentation, you may do one of the following: Webcast To access the webcast, please go to the following link: https://edge.media-server.com/mmc/p/fcm3dyij Conference Call Please use [...]
HAMILTON, The Board of Directors of Borr Drilling Ltd. informs that it has resolved to grant 136,612 Restricted Stock Units to its Directors. Each RSU represents one share in the Company. The RSUs will vest in full on September 30, 2025, and will be conditional on continuing to serve as a Director of the Company at the date of vesting. The RSUs will be settled through issuance of shares in the Company. Persons discharging [...]
Borr Drilling Ltd. announces unaudited results for the three and nine months ended September 30, 2024. Highlights Total operating revenues of $241.6 million, a decrease of $30.3 million or 11% compared to the second quarter of 2024 Net income of $9.7 million, a decrease of $22.0 million or 69% compared to the second quarter of 2024 Adjusted EBITDA of $115.5 million, a decrease of $20.9 million or 15% compared to the [...]
Borr Drilling Ltd. today announced that Euronext Oslo Stock Exchange has approved the Company's application for delisting, following an affirmative shareholder vote at the Company's Special General Meeting in October 2024. The Company's shares will be delisted from OSE as of 31 December 2024. The last day of trading will be 30 December 2024, and the Company will subsequently maintain a single listing on the New York Stock [...]
Borr Drilling Ltd. announced today that its wholly-owned subsidiary Borr IHC Limited has priced an offering of additional 10.375% senior secured notes due 2030 for gross proceeds of approximately $175 million. The Additional Notes will have the same terms and conditions as the existing $515 million aggregate principal amount of senior secured notes due 2030. The proceeds from the offering are intended to be used for the [...]
+1400,00 %
-22,09 %