Borr Drilling Limited - 2026 AGM Results Notification

Rhea-AI Summary

Borr Drilling (NYSE: BORR) held its 2026 Annual General Meeting on May 20, 2026, in Hamilton, Bermuda. Audited consolidated financial statements for the year ended December 31, 2025 were presented.

Shareholders approved a maximum of eight directors, re-elected nine directors, re-appointed PricewaterhouseCoopers as auditor, and set 2026 board fees up to US$1,600,000.

News Market Reaction – BORR

+0.32%

44 alerts

+0.32% Session close to close

-22.9% Trough in 17 hr 42 min

$1.90B Market Cap

0.9x Rel. Volume

In the May 20 session, BORR gained 0.32%, reflecting a mild positive market reaction. Argus tracked a trough of -22.9% from its starting point during tracking. Our momentum scanner triggered 44 alerts that day, indicating elevated trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement reports the formal results of BORR’s 2026 AGM, confirming board re-elections, the ...

Analysis

This announcement reports the formal results of BORR’s 2026 AGM, confirming board re-elections, the cap of eight directors, auditor re-appointment, and total director fees up to US$1,600,000 for 2026. These outcomes match the agenda described in earlier regulatory filings, indicating continuity in governance and oversight. Investors may contextualize this alongside recent operational updates, contract coverage metrics, and convertible note financing activity when assessing the company’s broader risk–reward profile.

Key Figures

AGM date: May 20, 2026 AGM time: 09:30 ADT Max board size: 8 directors +2 more

5 metrics

AGM date May 20, 2026 Date of 2026 Annual General Meeting

AGM time 09:30 ADT Local time AGM was held in Bermuda

Max board size 8 directors Maximum number of directors approved at AGM

Board fee cap US$1,600,000 Maximum total board fees for year ended Dec 31, 2026

Financial year-end December 31, 2025 Year-end for audited consolidated financial statements presented

Historical Context

5 past events · Latest: Apr 20 (Neutral)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Apr 20	Earnings call notice	Neutral	-0.5%	Scheduled Q1 2026 results release and webcast timing.
Apr 17	Debt financing	Positive	+2.4%	Completed $300M 2033 convertible notes to refinance 2028 bonds.
Apr 15	Financing pricing	Negative	-3.5%	Priced $260M 2033 convertibles with premium conversion terms.
Apr 14	Financing proposal	Negative	-3.5%	Proposed $250M 2033 convertible notes and potential over-allotment.
Apr 13	Operational update	Positive	+1.0%	Fleet reactivations and 2026 contract coverage/dayrate disclosure.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent news has focused on fleet activity and sizeable convertible note financing; share reactions have generally aligned with the perceived positivity or dilution risk of each announcement.

Recent Company History

Over the last few months, BORR has combined operational progress with balance sheet actions. An April 13 operational update highlighted improving jack‑up utilization and 70% 2026 contract coverage at about $134,000 dayrates, which saw a modestly positive price reaction. Subsequent announcements from April 14–17 detailed a proposed, then priced, then completed 2033 convertible note offering and partial repurchase of 2028 bonds, with mixed but directionally logical price moves. The current AGM outcome largely formalizes governance and fee items already flagged in the April 8 AGM 6‑K.

Key Terms

audited consolidated financial statements, independent auditors

2 terms

audited consolidated financial statements financial

"The audited consolidated financial statements for the Company for the year ended December 31, 2025 were presented"

A set of financial reports that combine a parent company and all its subsidiaries into one overall picture, examined and verified by an independent auditor. Think of it as a household budget that merges every family member’s accounts and is then checked by a neutral accountant; it gives investors a single, trustworthy view of the group’s assets, debts, income and cash flow. That independent check matters because it reduces the chance of hidden problems and helps investors compare companies on a level playing field.

independent auditors financial

"To re-appoint PricewaterhouseCoopers LLP as the Company's independent auditors"

Independent auditors are outside, licensed accountants who examine a company’s books, records and internal controls and issue an objective opinion on whether the financial statements accurately reflect the business’s financial position. Investors treat their report like a neutral inspector’s stamp — it increases trust, makes financial results easier to compare, and alerts readers if there are errors, omissions or other problems that could affect investment decisions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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HAMILTON, Bermuda, May 20, 2026 /PRNewswire/ -- Borr Drilling Limited (NYSE and Euronext Growth Oslo: BORR) (the "Company") advises that the 2026 Annual General Meeting of the Company was held on May 20, 2026 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, 2025 were presented to the Meeting.

The following resolutions were passed:

1. To set the maximum number of Directors of the Company to be not more than eight.
2. To re-elect Patrick Schorn as a Director of the Company.
3. To re-elect Daniel W. Rabun as a Director of the Company.
4. To re-elect Tor Olav Trøim as a Director of the Company.
5. To re-elect Alexandra Kate Blankenship as a Director of the Company.
6. To re-elect Neil J. Glass as a Director of the Company.
7. To re-elect Mi Hong Yoon as a Director of the Company.
8. To re-elect Jeffrey R. Currie as a Director of the Company.
9. To re-elect Thiago Mordehachvili as a Director of the Company.
10. To re-appoint PricewaterhouseCoopers LLP as the Company's independent auditors and to authorize the Directors to determine their remuneration.
11. To approve remuneration of the Company's Board of Directors of a total amount of fees not to exceed US$1,600,000 for the year ended December 31, 2026.

Hamilton, Bermuda
May 20, 2026

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

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/borr-drilling-limited/r/borr-drilling-limited---2026-agm-results-notification,c4351136

 

View original content:https://www.prnewswire.com/news-releases/borr-drilling-limited--2026-agm-results-notification-302777902.html

SOURCE Borr Drilling Limited

FAQ

What were the key outcomes of the Borr Drilling (NYSE: BORR) 2026 AGM?

The 2026 AGM approved director limits, re-elected nine directors, re-appointed the auditor, and set board fees. According to Borr Drilling, shareholders also received the audited consolidated financial statements for the year ended December 31, 2025 during the meeting.

When and where was the Borr Drilling 2026 Annual General Meeting held?

The Borr Drilling 2026 AGM was held on May 20, 2026, at 09:30 ADT in Hamilton, Bermuda. According to Borr Drilling, the venue was the 2nd Floor, The S.E. Pearman Building, 9 Par-la-Ville Road, Hamilton HM 11.

Which directors were re-elected at Borr Drilling's 2026 AGM for BORR shareholders?

Shareholders re-elected Patrick Schorn, Daniel W. Rabun, Tor Olav Trøim, Alexandra Kate Blankenship, Neil J. Glass, Mi Hong Yoon, Jeffrey R. Currie, and Thiago Mordehachvili. According to Borr Drilling, the maximum number of directors was also set to not more than eight.

What auditor was appointed at Borr Drilling's 2026 AGM and what is their role?

PricewaterhouseCoopers LLP was re-appointed as Borr Drilling’s independent auditor. According to Borr Drilling, shareholders authorized the directors to determine the auditor’s remuneration for the upcoming period following the 2026 Annual General Meeting.

How much board remuneration did Borr Drilling shareholders approve for 2026?

Shareholders approved total board fees not to exceed US$1,600,000 for the year ending December 31, 2026. According to Borr Drilling, this amount covers remuneration for the company’s Board of Directors during the 2026 financial year.

Were Borr Drilling's 2025 financial statements approved at the 2026 AGM?

The audited consolidated financial statements for the year ended December 31, 2025 were presented to shareholders at the 2026 AGM. According to Borr Drilling, the meeting formally received these audited accounts during the session in Hamilton, Bermuda.