Borr Drilling Ltd. is pleased to announce that its joint venture company in Mexico has entered into new contracts for the Company's five premium jack-up rigs "Galar", "Gersemi", "Grid", "Njord" and "Odin" with OPEX Perforadora S.A. de C.V. and Perforadora Profesional Akal I S.A. de C.V, providers of integrated well services to Pemex. The contracts are effective from October 20, 2022 and will maintain all five rigs [...]
Borr Drilling Ltd. has: allocated and will deliver 34,771 of the Company's shares, held in treasury and listed on Oslo Stock Exchange, to three persons discharging managerial responsibilities , as defined by the Market Abuse Regulation in their capacity as directors, constituting part of their remuneration; and received corresponding trade notifications from the PDMRs: Director and Chairman Tor Olav Trøim: 12,367 shares [...]
Borr Drilling Ltd. is pleased to announce that it has entered into an agreement to sell the jack-up drilling rig "Gyme" for a price of $120 million to an unrelated third party. The "Gyme" is a 2018 PPL Pacific Class 400 located in Singapore and has not been activated or contracted since its delivery. The sale of the rig is an undertaking by the Company under its most recent refinancing with PPL Shipyard which was [...]
Borr Drilling Ltd. advises that the 2022 Annual General Meeting of the Company was held on September 30, 2022 at 09:00 ADT at 2nd Floor, The S.E. Pearman Building, 9 Par-la-Ville Road, Hamilton HM 11, Bermuda. The audited consolidated financial statements for the Company for the year ended December 31, 2021 were presented to the Meeting. The following resolutions were passed: To set the maximum number of Directors of the [...]
HAMILTON, Bermuda , Sept. 6, 2022 /PRNewswire/ -- The Annual General Meeting of Shareholders of Borr Drilling Ltd. will be held on September 30, 2022, in Bermuda. A copy of the Notice of Annual General Meeting and Form of Proxy will be distributed to shareholders by normal distribution methods and is attached to this release. Associated information including the Company's Annual Report can be found on the Company's [...]
Chief Executive Officer, Patrick Schorn, of Borr Drilling Ltd. will present at the Barclays CEO Energy-Power Conference in New York City today, Tuesday, September 6, 2022, at 1:15 pm EDT. A copy of the presentation to be held is available on the Company's website at www.borrdrilling.com and enclosed to this release. 6 September 2022 Hamilton, Bermuda CONTACT: Questions should be directed to: Magnus Vaaler, CFO, +44 1224 [...]
Borr Drilling Ltd. announced today the second and final settlement of its previously announced US public offering of 69,444,444 US common shares of the Company, at a price per share of $3.60 per common share and an additional 6,918,627 common shares for which the underwriters have exercised their option to purchase at the public offering price of $3.60 per share, minus underwriting discounts. The total gross proceeds of [...]
Borr Drilling Ltd. advises that its 2022 Annual General Meeting will be held on September 30, 2022. The record date for voting at the Annual General Meeting is set to September 6, 2022. The notice, agenda and associated material will be distributed prior to the meeting. This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. This information was brought [...]
Borr Drilling Ltd. advises that a Special General Meeting of the Company was held on August 25, 2022 at 2nd Floor, The S.E. Pearman Building, 9 Par-la-Ville Road, Hamilton HM 11, Bermuda The following resolution was passed: To approve the increase of the Company's authorized share capital from US$22,000,000.00 divided into 220,000,000 common shares of US$0.10 par value each to US$25,500,000.00 divided into 255,000,000 [...]
Borr Drilling Ltd. announces today that the underwriters of the Company's previously announced US offering of its US common shares have exercised their option to purchase an additional 6,918,627 common shares at the public offering price of $3.60 per share, minus underwriting discounts. The settlement of the additional shares is expected to occur on August 26, 2022. No securities in the NYSE offering will be offered or [...]
Borr Drilling Ltd. announced today the first settlement of its previously announced US public offering of 69,444,444 US common shares of the Company, at a price per share of $3.60 per common share for total gross proceeds of $250 million. The Company has also granted the underwriters a 30-day option to purchase up to an additional 6,944,444 common shares at the offering price minus underwriting discounts. The first [...]
Borr Drilling Ltd. advises that a Special General Meeting of the Company was held on August 16, 2022 at 09:00 ADT at 2nd Floor, The S.E. Pearman Building, 9 Par-la-Ville Road, Hamilton HM 11, Bermuda The following resolution was passed: To approve the increase of the Company's authorized share capital from US$18,000,000.00 divided into 180,000,000 common shares of US$0.10 par value each to US$22,000,000.00 divided into [...]