Borr Drilling Limited - Dividend declaration and key information relating to the cash distribution for the second quarter 2024
Borr Drilling (NYSE: BORR) (OSE: BORR) has announced a cash distribution of $0.10 per share for Q2 2024.
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Rhea-AI Summary
Borr Drilling (NYSE: BORR) (OSE: BORR) has announced a cash distribution of $0.10 per share for Q2 2024. This distribution of paid-in capital was approved by the company's Board of Directors on August 14, 2024. Due to the implementation of the Central Securities Depository Regulation (CSDR) in Norway and different settlement periods between NYSE (T+1) and OSE (T+2), there will be different ex-dividend dates for the two exchanges. The ex-date for OSE is August 21, 2024, while for NYSE it's August 22, 2024. The record date is August 22, 2024, with payment expected around September 6, 2024. Shareholders registered with Euronext VPS will receive the distribution in NOK, with an expected payment date of September 11, 2024.
Positive
- Approved cash distribution of $0.10 per share for Q2 2024
- Timely dividend payment schedule announced
Negative
- None.
Details
News Market Reaction – BORR
The recorded move for BORR in the trading session of this news was +2.93%.
Data tracked by StockTitan Argus. Session date unavailable.
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Note to shareholders registered in Euronext VPS, the Norwegian Central Security Depository:
Due to implementation of the Central Securities Depository Regulation (CSDR) in
Effective as of May 28, 2024, the New York Stock Exchange ("NYSE") settles its trades on a T+1 basis, while the Oslo Stock Exchange ("OSE") continues to settle its trades on a T+2 basis. As a result, there will be different ex-dividend dates between the two exchanges, as set out below.
Key information:
Distribution amount:
Declared currency: USD.
Dividends payable to shares registered with Euronext VPS will be distributed in NOK with fixing date on 11 September, 2024.
Date of approval: 14 August, 2024
Last day including right OSE: 20 August, 2024
Last day including right NYSE: 21 August, 2024
Ex-date OSE: 21 August, 2024
Ex-date NYSE: 22 August, 2024
Record date: 22 August, 2024
Payment date: On or about 6 September, 2024.
Due to the implementation of CSDR in
This information is published in accordance with the requirements of the Continuing Obligations.
CONTACT:
Questions should be directed to: Magnus Vaaler, CFO, +44 1224 289208
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SOURCE Borr Drilling Limited
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