Borr Drilling Limited - Dividend declaration and key information relating to the cash distribution for the second quarter 2024

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.

News Market Reaction

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+2.93% News Effect

On the day this news was published, BORR gained 2.93%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

HAMILTON, Bermuda, Aug. 14, 2024 /PRNewswire/ -- Borr Drilling Limited (NYSE: BORR) (OSE: BORR) today announces that the Company's Board of Directors has approved a cash distribution of paid-in capital of US$0.10 per share for the second quarter of 2024.

Note to shareholders registered in Euronext VPS, the Norwegian Central Security Depository:

Due to implementation of the Central Securities Depository Regulation (CSDR) in Norway, please note the information regarding the payment date for the shares registered in Euronext VPS below.

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: $0.10 per share

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 Norway, distributions payable on shares registered with Euronext VPS is expected to be distributed to Euronext VPS shareholders on or about 11 September, 2024.

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

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

https://news.cision.com/borr-drilling-limited/r/borr-drilling-limited---dividend-declaration-and-key-information-relating-to-the-cash-distribution-f,c4024429

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SOURCE Borr Drilling Limited

FAQ

What is the dividend amount declared by Borr Drilling (BORR) for Q2 2024?

Borr Drilling (BORR) has declared a cash distribution of $0.10 per share for the second quarter of 2024.

When is the ex-dividend date for Borr Drilling (BORR) shares on NYSE and OSE?

The ex-dividend date for Borr Drilling (BORR) shares on the Oslo Stock Exchange (OSE) is August 21, 2024, while on the New York Stock Exchange (NYSE) it's August 22, 2024.

What is the record date for Borr Drilling's (BORR) Q2 2024 dividend?

The record date for Borr Drilling's (BORR) Q2 2024 dividend is August 22, 2024.

When will Borr Drilling (BORR) pay its Q2 2024 dividend?

Borr Drilling (BORR) is expected to pay its Q2 2024 dividend on or about September 6, 2024, with Euronext VPS shareholders receiving payment around September 11, 2024.