Borr Drilling Limited - 2020 AGM Results Notification
Borr Drilling Limited held its Annual General Meeting on August 10, 2020, in Hamilton, Bermuda.
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Rhea-AI Summary
Borr Drilling Limited held its Annual General Meeting on August 10, 2020, in Hamilton, Bermuda. Key resolutions included the re-election of directors Pål Kibsgaard, Tor Olav Trøim, Alexandra Kate Blankenship, Patrick Arnold Henk Schorn, Georgina E. Sousa, and Neil J. Glass. Additionally, the company approved an increase in authorized share capital from US$9.18 million to US$11.18 million by issuing an additional 40 million shares. PricewaterhouseCoopers LLP was appointed as auditors, and the Board of Directors' remuneration was capped at US$950,000 for the year ending December 31, 2020.
Positive
- Re-election of experienced board members enhances corporate governance.
- Increase in authorized share capital could provide flexibility for future financing.
Negative
- None.
Details
News Market Reaction – BORR
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OSLO, Aug. 10, 2020 /PRNewswire/ -- Borr Drilling Limited (the "Company") advises that the 2020 Annual General Meeting of the Company was held on August 10, 2020 at 09:30 ADT at 2nd Floor, The S.E. Pearman Building, 9 Par-la-Ville Road, Hamilton HM 11, Bermuda. The audited consolidated financial statements for the Company for the year ended December 31, 2019 were presented to the Meeting.
The following resolutions were passed:
1) To re-elect Pål Kibsgaard as a Director of the Company.
2) To re-elect Tor Olav Trøim as a Director of the Company.
3) To re-elect Alexandra Kate Blankenship as a Director of the Company.
4) To re-elect Patrick Arnold Henk Schorn as a Director of the Company.
5) To re-elect Georgina E. Sousa as a Director of the Company.
6) To re-elect Neil J. Glass as a Director of the Company.
7) To approve the increase of the Company's authorized share capital from US
8) To appoint PricewaterhouseCoopers LLP as auditors and to authorize the Directors to determine their remuneration.
9) To approve remuneration of the Company's Board of Directors of a total amount of fees not to exceed US
Hamilton, Bermuda
August 10, 2020
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SOURCE Borr Drilling Limited
View original content:http://www.prnewswire.com/news-releases/borr-drilling-limited---2020-agm-results-notification-301109501.html
SOURCE Borr Drilling Limited
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