Borr Drilling Limited - Notice of Special General Meeting of Shareholders

Rhea-AI Summary

Borr Drilling (NYSE: BORR) (OSE: BORR) has announced a Special General Meeting on October 1st, 2024 to approve the delisting of its common shares from the Oslo Stock Exchange. The meeting will also authorize the Board of Directors to implement the delisting process. The record date for shareholder participation is set for September 10th, 2024 at 5:00 p.m. Bermuda time. Shareholders will receive the Notice of Special General Meeting and Form of Proxy through normal distribution methods, and these documents will also be available on the company's website. This announcement complies with the disclosure requirements of the Norwegian Securities Trading Act.

Positive

• None.

Negative

• Potential delisting from Oslo Stock Exchange may reduce stock liquidity
• Delisting could limit access to Norwegian capital markets
• Shareholders may face reduced trading options after delisting

News Market Reaction – BORR

-0.53%

1 alert

-0.53% News Effect

On the day this news was published, BORR declined 0.53%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

HAMILTON, Bermuda, Sept. 3, 2024 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE: BORR) (OSE: BORR) advises that the Company will hold a Special General Meeting on Tuesday, October 1st, 2024 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.

The Board of Directors has fixed 5:00 p.m. Bermuda time on Tuesday, September 10th, 2024 as the record date for determination of the shareholders entitled to attend and vote at the Special General Meeting or any adjournment thereof.

A copy of the Notice of Special General Meeting and Form of Proxy (the "Notice") and associated information will be distributed to shareholders by normal distribution methods prior to the meeting and available on the Company's website at http://www.borrdrilling.com.

This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.

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---notice-of-special-general-meeting-of-shareholders,c4032829

The following files are available for download:

https://mb.cision.com/Public/16983/4032829/8b0b0ff9bebf06c3.pdf

BDL SGM Notice Delisting

 

View original content:https://www.prnewswire.com/news-releases/borr-drilling-limited--notice-of-special-general-meeting-of-shareholders-302237254.html

SOURCE Borr Drilling Limited

FAQ

When is Borr Drilling (BORR) holding its Special General Meeting?

Borr Drilling (BORR) is holding its Special General Meeting on Tuesday, October 1st, 2024.

What is the main purpose of Borr Drilling's (BORR) upcoming Special General Meeting?

The main purpose is to approve the delisting of Borr Drilling's common shares from the Oslo Stock Exchange and authorize the Board to implement the delisting process.

What is the record date for Borr Drilling's (BORR) Special General Meeting?

The record date for determining shareholders eligible to attend and vote at the Special General Meeting is Tuesday, September 10th, 2024, at 5:00 p.m. Bermuda time.

How can shareholders access information about Borr Drilling's (BORR) Special General Meeting?

Shareholders will receive the Notice of Special General Meeting and Form of Proxy through normal distribution methods. The information will also be available on Borr Drilling's website at http://www.borrdrilling.com.