Borr Drilling Ltd 6-K, filed Aug 10, 2022
Borr Drilling Ltd (BORR)
6-K
2022-08-10
For: 2022-08-10
View Original
Added on
April 10, 2026
About this 6-K
Borr Drilling Ltd filed this 6-K on August 10, 2022.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
OF THE SECURITIES EXCHANGE ACT OF 1934
August 10, 2022
Commission File Number 001-39007
Borr Drilling Limited
S. E. Pearman Building
2nd Floor 9 Par-la-Ville Road
Hamilton HM11
Bermuda
(Address of principal executive office)
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K on paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K on paper as permitted by Regulation S-T Rule 101(b)(7): ☐
Exhibits
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Press Release
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PDMR Form
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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BORR DRILLING LIMITED
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Date: August 10, 2022
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By:
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/s/ Mi Hong Yoon
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Name:
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Mi Hong Yoon
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Title:
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Director
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Exhibit 99.1
Borr Drilling Limited - Mandatory notification of trades
Reference is made to Borr Drilling Limited’s (“Borr Drilling”) (NYSE, OSE: “BORR”) stock exchange announcements of August 10, 2022, relating to the pricing of the equity offering through the subscription and
allocation of a total of 69,444,444 new common shares (the “Offer Shares”), each at a subscription price of USD 3.60 per Offer Share (equivalent to NOK 35.00 per Offer Share), raising gross proceeds of USD 250 million. The Offer Shares will be
listed on the New York Stock Exchange.
The following persons discharging managerial responsibilities (“PDMRs”) in Borr Drilling have subscribed for and been conditionally allocated the following Offer Shares at the Subscription Price:
Companies affiliated with Director and Chairman Tor Olav Trøim: 5,555,555 Offer Shares. After delivery, Trøim and his affiliated parties will represent an ownership in Borr Drilling of 15,780,490 shares in the
Company.
Neil Glass, Director of Borr Drilling: 12,500 Offer Shares. After delivery, Mr. Glass will own 128,652 shares in the Company
Patrick Schorn, Chief Executive Officer of Borr Drilling: 100,000 Offer Shares. After delivery, Mr. Schorn will own 1,100,000 shares in the Company.
Magnus Vaaler, Chief Financial Officer of Borr Drilling: 10,000 Offer Shares. After delivery, Mr. Vaaler will own 75,000 shares in the Company.
August 10, 2022
Hamilton, Bermuda
This information is subject to disclosure requirements pursuant to Sections 4-2 and 5-12 of the Norwegian Securities Trading Act and article 19 of the Regulation EU 596/2014 (Market Abuse Regulation).
Exhibit 99.2
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1
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Details of the person discharging managerial responsibilities/person closely associated
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a)
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Name
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Patrick Schorn
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2
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Reason for the notification
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a)
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Position/status
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Chief Executive Officer
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b)
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Initial notification/Amendment
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Initial notification
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3
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Details of issuer
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a)
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Name
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Borr Drilling Limited
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b)
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LEI
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213800J2JPCTXLHQ5R78
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4
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Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where
transactions have been conducted
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a)
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Description of the financial instrument, type of instrument
Identification code
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Common shares in Borr Drilling Limited (ISIN: BMG1466R1732)
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b)
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Nature of the transaction
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Subscription in public offering
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c)
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Price(s) and volume(s)
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Price(s)
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Volume(s)
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3.60
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100,000
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d)
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Aggregated information
— Aggregated volume
— Price
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100,000 shares at a price of USD 3,60 per share for a total of USD 360,000
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e)
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Date of the transaction
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10/08/2022
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f)
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Place of the transaction
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New York Stock Exchange (MIC:XNYS)
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1
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Details of the person discharging managerial responsibilities/person closely associated
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a)
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Name
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Magnus Vaaler
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2
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Reason for the notification
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a)
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Position/status
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Chief Financial Officer
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b)
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Initial notification/Amendment
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Initial notification
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3
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Details of issuer
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a)
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Name
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Borr Drilling Limited
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b)
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LEI
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213800J2JPCTXLHQ5R78
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4
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Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where
transactions have been conducted
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a)
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Description of the financial instrument, type of instrument
Identification code
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Common shares in Borr Drilling Limited (ISIN: BMG1466R1732)
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b)
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Nature of the transaction
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Subscription in public offering
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c)
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Price(s) and volume(s)
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Price(s)
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Volume(s)
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3.60
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10,000
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d)
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Aggregated information
— Aggregated volume
— Price
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10,000 shares at a price of USD 3,60 per share for a total of USD 36,000
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e)
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Date of the transaction
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10/08/2022
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f)
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Place of the transaction
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New York Stock Exchange (MIC:XNYS)
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1
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Details of the person discharging managerial responsibilities/person closely associated
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a)
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Name
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Neil Glass
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2
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Reason for the notification
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a)
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Position/status
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Director
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b)
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Initial notification/Amendment
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Initial notification
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3
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Details of issuer
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a)
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Name
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Borr Drilling Limited
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b)
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LEI
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213800J2JPCTXLHQ5R78
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4
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Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where
transactions have been conducted
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a)
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Description of the financial instrument, type of instrument
Identification code
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Common shares in Borr Drilling Limited (ISIN: BMG1466R1732)
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b)
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Nature of the transaction
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Subscription in public offering
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c)
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Price(s) and volume(s)
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Price(s)
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Volume(s)
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3.60
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12,500
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d)
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Aggregated information
— Aggregated volume
— Price
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12,500 shares at a price of USD 3,60 per share for a total of USD 45,000
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e)
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Date of the transaction
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10/08/2022
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f)
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Place of the transaction
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New York Stock Exchange (MIC:XNYS)
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1
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Details of the person discharging managerial responsibilities/person closely associated
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a)
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Name
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Drew Holdings Limited
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2
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Reason for the notification
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a)
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Position/status
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Company affiliated with Director and Chairman Tor Olav Trøim
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b)
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Initial notification/Amendment
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Initial notification
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3
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Details of issuer
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a)
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Name
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Borr Drilling Limited
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b)
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LEI
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213800J2JPCTXLHQ5R78
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4
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Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where
transactions have been conducted
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a)
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Description of the financial instrument, type of instrument
Identification code
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Common shares in Borr Drilling Limited (ISIN: BMG1466R1732)
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b)
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Nature of the transaction
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Subscription in public offering
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c)
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Price(s) and volume(s)
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Price(s)
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Volume(s)
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3.60
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5,555,555
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d)
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Aggregated information
— Aggregated volume
— Price
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5,555,555 shares at a price of USD 3.60 per share for a total of USD 19,999,998
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e)
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Date of the transaction
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10/08/2022
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f)
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Place of the transaction
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New York Stock Exchange (MIC:XNYS)
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