BORR - Borr Drilling Limited - capital increase in the Registry of Members

PR Newswire

HAMILTON, Bermuda , Oct. 26, 2023 /PRNewswire/ -- Borr Drilling Limited (NYSE: BORR) and (OSE: BORR) refers to the stock exchange releases on 23 ^rd and 24 ^th 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

SOURCE Borr Drilling Limited