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HAMILTON, Bermuda, Jan. 11, 2021 /PRNewswire/ --Borr Drilling Limited (the "Company") (NYSE: BORR) (OSE: BDRILL) advises that a Special General Meeting of the Company was held on January 8, 2021 at 09:30 ADT at 2nd Floor, The S.E. Pearman Building, 9 Par-la-Ville Road, Hamilton HM 11, Bermuda
The following resolution was passed:To approve the increase of the Company's authorized share capital from US$11,932,692.30 divided into 238,653,846 common shares of US$0.05 par value each to US$14,500,000.00 divided into 290,000,000 common shares of US$0.05 par value each by the authorization of an additional 51,346,154 common shares of US$0.05 par value each.
borr drilling limited is an international drilling contractor to the oil and gas industry, with the ambition of acquiring and operating modern drilling assets. the industry is currently under significant stress, and we wish to establish a platform upon which we can capitalise on identified opportunities. by uniting record low asset prices with a capable operating organisation, we will take advantage of opportunities in a rapidly changing oil and gas industry. with our fleet of rigs we will deliver safe and high quality drilling operations to our customers.
View original content:http://www.prnewswire.com/news-releases/borr-drilling-limited--sgm-results-notification-301204927.html