Borr Drilling Limited - PDMR notification
- Borr Drilling Limited has completed a private placement of 7,522,838 new shares at a subscription price of NOK 74/USD 6.65. Drew Holdings Ltd, a close associate of Mr. Tor Olav Trøim, has subscribed to and received 752,284 of the new shares. Mr. Trøim and his close associates will own 15,822,385 shares in Borr following the completion of these transactions.
- None.
HAMILTON,
Drew Holdings Ltd. («Drew»), a close associate of Mr. Tor Olav Trøim, has subscribed to and received 752,284 of the New Shares at the Subscription Price. Mr. Trøim is the chair of Borr's board and thus, as per the Market Abuse Directive, a person discharging managerial responsibilities in Borr (a «PDMR»).
Drew has, on receipt of the New Shares, sold these and concluded a Total Return Swap-agreement with DNB Bank ASA for the same number of shares in Borr for a period expiring on 5 January 2024 at
Mr. Trøim and his close associates will, following the completion of these transactions, own 15,822,385 shares in Borr and be financially exposed to a further 752,284 shares as per the above.
A completed PDMR form reflecting the above is attached hereto.
27 October 2023
This information is subject to the disclosure requirements in Article 19 of the Market Abuse Regulation and section 5-12 of the Norwegian Securities Trading Act.
CONTACT:
Questions should be directed to: Magnus Vaaler, CFO, +44 1224 289208
The following files are available for download:
https://mb.cision.com/Public/16983/3863780/b0a4563627a9936c.pdf | 231027 PDMR Form |
View original content:https://www.prnewswire.com/news-releases/borr-drilling-limited--pdmr-notification-301969982.html
SOURCE Borr Drilling Limited
FAQ
What is the private placement of new shares in Borr Drilling Limited?
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