Borr Drilling Ltd 6-K, filed Aug 13, 2021
Borr Drilling Ltd (BORR)
6-K
2021-08-13
For: 2021-08-12
View Original
Added on
April 10, 2026
About this 6-K
Borr Drilling Ltd filed this 6-K on August 13, 2021.
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 12, 2021
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)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
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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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 12, 2021
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By:
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/s/ Georgina Sousa
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Name:
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Georgina Sousa
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Title:
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Director
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Exhibit 99.1
Borr Drilling Limited – Grant of share options
Bermuda, 12 August 2021: The board of directors of Borr Drilling Limited (the "Company") (OSE and NYSE "BORR") has resolved to grant 10,300,000 share
options under the Company’s approved share option scheme to 23 of its employees, including two persons discharging managerial responsibilities (“PDMRs”) as defined by the Market Abuse Regulation.
Each share option gives the right to subscribe for one share in the Company. The options will have a strike price of $1.00 which compares to a current
market price of $0.70. The options will vest equally over a three-year period commencing two years from the date of grant and will expire after five years.
The following PDMRs have been granted options:
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Patrick Schorn – Chief Executive Officer –2,400,000 options
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Magnus Vaaler – Chief Financial Officer – 1,100,000 options
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The board of directors, through this multi-year option grant, aims to establish an incentive reward that creates the optimum long-term alignment between the
Company’s shareholders and management.
Please see the attached form of notification and public disclosure by primary insiders.
This information is subject to the disclosure requirements in article 19 of the Regulation EU 596/2014 (the EU Market Abuse Regulation) and section 5-12 of
the Norwegian Securities Trading Act.