HAMILTON, Bermuda, Oct. 26,
2023 /PRNewswire/ -- Borr Drilling Limited (NYSE:
BORR) and (OSE: BORR) refers to the stock exchange releases on
23rd and 24th October
2023 related to the private placement with gross proceeds of
USD 50 million (the "Private
Placement").
To arrange for a DVP settlement to the investors who were
allocated any of the 7,522,838 offer shares in the Private
Placement, estimated on 26 October
2023, of immediately tradeable shares, the Company has
today, arranged the shares to be legally and validly issued and
fully paid-up in the Company's Registry of Members, pursuant to a
prefunding agreement with the managers in the Private
Placement.
Following the preparatory issue, the Company's issued share
capital is increased by $752,283.80
to $26,408,039.10, divided into
264,080,391 shares, each with a nominal value of $0.10 per share.
October 26, 2023
Hamilton, Bermuda
The Board of Directors
This information is subject to the disclosure requirements
pursuant to section 5-12 of the Norwegian Securities Trading
Act.
CONTACT:
Questions should be directed to: Magnus
Vaaler, CFO, +44 1224 289208
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SOURCE Borr Drilling Limited