HAMILTON, Bermuda, Nov. 1, 2024
/PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE &
OSE: BORR) today announced that Euronext Oslo Stock Exchange
("OSE") 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 Exchange ("NYSE").
Shareholders holding shares that are traded at the OSE, held
through the Norwegian central securities depository held with
Euronext Securities Oslo (commonly known as the "VPS") may divest
their shares through open market transactions, or work with their
bank or broker to migrate their shares to the Depository Trust
Company (DTC) in the US for trading on the NYSE.
The Company intends to maintain its share registration with the
VPS for a period of at least 12 months from the effective date of
the delisting, allowing shareholders who want to maintain
registration of their shares in Euronext Securities Oslo (VPS) to
continue trading their shares via a Norwegian broker (outside of
the Oslo Stock Exchange) with other investors with shares
registered with Euronext Securities Oslo, or migrate their shares
to the DTC within such 12-month period.
Forward looking statements
This press release includes forward looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. These forward looking statements do not reflect
historical facts and may be identified by words such as "will",
"expect", "estimate" and similar expressions and include statements
relating to our plan to delist our shares from trading on the OSE
including our plan to maintain share registration in the VPS for at
least 12 months from the effective date of delisting and other
non-historical statements. Such forward looking statements are
subject to risks, uncertainties, contingencies and other factors
could cause actual events to differ materially from the
expectations expressed or implied by the forward-looking statements
included herein, including risks related to the delisting of our
shares form the OSE and other risks and uncertainties described in
the section entitled "Risk Factors" in our most recent annual
report on Form 20-F and other filings with the Securities and
Exchange Commission. These forward-looking statements are made only
as of the date of this release. We do not undertake to update or
revise the forward-looking statements, whether as a result of new
information, future events or otherwise.
CONTACT:
Questions should be directed to: Magnus
Vaaler, CFO, +44 1224 289208
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SOURCE Borr Drilling Limited