Borr Drilling Ltd. advises that the 2024 Annual General Meeting will be held on August 14, 2024. The record date for voting at the Annual General Meeting is set to June 7, 2024. The notice, agenda and associated material will be distributed prior to the meeting. Hamilton, Bermuda June 3, 2024 This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act [...]
Please find enclosed the presentation of Borr Drilling Ltd.'s first quarter 2024 results to be held on the webcast/conference call at 15:00 CEST on May 23, 2024. In order to listen to the presentation, you may do one of the following: a) Webcast To access the webcast, please go to the following link: https://edge.media-server.com/mmc/p/hwxxiqsa b) Conference Call Please use this link to register for the conference call [...]
Borr Drilling Ltd. announces unaudited results for the three months ended March 31, 2024. Highlights Total operating revenues of $234.0 million, an increase of $13.4 million or 6% compared to the fourth quarter of 2023. Net income of $14.4 million, a decrease of $14.0 million compared to the fourth quarter of 2023. Adjusted EBITDA of $116.8 million, an increase of $5.3 million or 5% compared to the fourth quarter of 2023 [...]
Borr Drilling Ltd. and today announces that the Company's Board of Directors has approved a cash distribution of paid-in capital of US$0.10 per share for the first quarter of 2024. Note to shareholders registered in Euronext VPS, the Norwegian Central Security Depository: Due to implementation of the Central Securities Depository Regulation in Norway, please note the information regarding the payment date for the shares [...]
Borr Drilling Ltd. plans to release its financial results for the first quarter 2024 on Thursday, May 23, 2024. A conference call and webcast is scheduled for 15:00 CEST and participants are encouraged to dial in 10 minutes before the start of the call. The earnings report and presentation will be available from the Investor Relations section on www.borrdrilling.com. In order to listen to the presentation, you may do one [...]
Borr Drilling Ltd. is pleased to announce new contract commitments for three of its premium jack-up rigs, the "Prospector 1", the "Gunnlod", and a rig to be determined. The commitments total 820 days and $158.6 million in contract revenue, inclusive of mobilization and demobilization compensation. In the North Sea, multiple contracts have been secured totaling 250 days of backlog that commenced in March 2024. In Southeast [...]
Borr Drilling Ltd. has today received a notice of temporary suspension of operations for its rig "Arabia I", operating in Saudi Arabia. The temporary suspension will be for a period of up to 12 months, and is expected to commence in the second quarter. The Company intends to seek alternative engagement for the rig while on suspension. Forward looking statements This press release includes forward looking statements, which [...]
Drew Holdings Ltd., a close associate of Mr. Tor Olav Trøim, has on 11 March, 2024, bought 200,000 common shares in Borr Drilling Ltd. at an average price of NOK 66.60 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 [...]
Drew Holdings Ltd., a close associate of Mr. Tor Olav Trøim, has on 5 March, 2024, bought 200,000 common shares in Borr Drilling Ltd. at an average price of $5.9962 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 16,022,385 [...]
Borr Drilling Ltd. announced today that its wholly-owned subsidiary Borr IHC Limited has priced an offering of an additional $200 million in aggregate principal amount of 10.000% senior secured notes due 2028 . The Additional Notes will have the same terms and conditions as the $1,025,000,000 aggregate principal amount of senior secured notes due 2028, which were issued on November 7, 2023 . The Additional Notes mature on [...]
Please find enclosed the presentation of Borr Drilling Ltd.'s fourth quarter 2023 results to be held on the webcast/conference call at 15:00 CET on February 22, 2024. In order to listen to the presentation, you may do one of the following: a) Webcast To access the webcast, please go to the following link: https://edge.media-server.com/mmc/p/3eaywjys b) Conference Call Please use this link to register for the conference [...]
Borr Drilling Ltd. announces unaudited results for the three and twelve months ended December 31, 2023. Highlights Fourth Quarter of 2023 Total operating revenues of $220.6 million, an increase of $29.1 million or 15% compared to the third quarter of 2023 Net income of $28.4 million, an increase of $28.1 million compared to the third quarter of 2023 Adjusted EBITDA of $105.9 million, an increase of $17.7 million or 20 [...]
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