Borr Drilling Limited - SGM Results Notification

Rhea-AI Summary

Borr Drilling (NYSE: BORR) (OSE: BORR) held a Special General Meeting on October 1, 2024, in Hamilton, Bermuda. The company's shareholders approved the delisting of Borr Drilling's common shares from the Oslo Stock Exchange. The Board of Directors has been authorized to take necessary steps to implement the delisting, including filing an application with the Oslo Stock Exchange on behalf of the company. This decision marks a significant change in Borr Drilling's listing status, potentially impacting its market presence and investor accessibility in the Norwegian market.

Positive

• Shareholders approved the delisting from Oslo Stock Exchange, potentially streamlining the company's listing structure

Negative

• Delisting from Oslo Stock Exchange may reduce liquidity and accessibility for some investors
• Potential decrease in market visibility in the Norwegian market

HAMILTON, Bermuda, Oct. 1, 2024 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE: BORR) (OSE: BORR) advises that a Special General Meeting of the Company was held on October 1, 2024 at 10:00 local time at 2nd Floor, S.E. Pearman Building, 9 Par-la-Ville Road, Hamilton HM 11, Bermuda.

The following resolutions were passed: 

1. To approve the delisting of the Company's common shares from the Oslo Stock Exchange and to authorise the Board of Directors to take steps to implement the delisting including filing an application to the Oslo Stock Exchange on behalf of the Company.

Hamilton, Bermuda, 
October 1, 2024 

CONTACT: 
Questions should be directed to: Magnus Vaaler, CFO, +44 1224 289208

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https://news.cision.com/borr-drilling-limited/r/borr-drilling-limited---sgm-results-notification,c4045495

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SOURCE Borr Drilling Limited

FAQ

What was the main resolution passed at Borr Drilling's Special General Meeting on October 1, 2024?

The main resolution passed was to approve the delisting of Borr Drilling's common shares from the Oslo Stock Exchange and authorize the Board of Directors to implement the delisting process.

How will the delisting from Oslo Stock Exchange affect Borr Drilling (BORR) shareholders?

The delisting may affect shareholders by potentially reducing liquidity and accessibility for investors trading on the Oslo Stock Exchange. However, the company will maintain its listing on the New York Stock Exchange (NYSE).

When and where was Borr Drilling's Special General Meeting held?

Borr Drilling's Special General Meeting was held on October 1, 2024, at 10:00 local time at 2nd Floor, S.E. Pearman Building, 9 Par-la-Ville Road, Hamilton HM 11, Bermuda.

What is the next step for Borr Drilling (BORR) following the approval to delist from Oslo Stock Exchange?

The next step is for the Board of Directors to file an application with the Oslo Stock Exchange to implement the delisting process for Borr Drilling's common shares.