BORR 6-K
Borr Drilling Ltd (BORR)
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
November 11, 2024
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
| 99.1 | Press Release |
|---|---|
| 99.2 | PDMR Form |
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.
| BORR DRILLING LIMITED | ||
|---|---|---|
| Date: November<br><br><br><br><br> 11, 2024 | By: | /s/ Mi Hong Yoon |
| Name: | Mi Hong Yoon | |
| Title: | Director |
Exhibit 99.1
Borr Drilling Limited – Notification of PDMR transaction
Drew Holdings Ltd., a close associate of Mr. Tor Olav Trøim, has on 8 November, 2024, bought 1,500,000 common shares in Borr Drilling Limited at an average price of $3.9335 per share. Mr. Trøim is the chairman of Borr's board and thus, as per the Market Abuse Directive, a person discharging managerial responsibilities in Borr (a «PDMR»).
Mr. Trøim and his close associates will, following the completion of this transaction, own 17,722,385 shares in Borr Drilling.
A completed PDMR form reflecting the above is attached hereto.
Hamilton, Bermuda
11 November 2024
This information is subject to the disclosure requirements in Article 19 of the Market Abuse Regulation and section 5-12 of the Norwegian Securities Trading Act.
Exhibit 99.2
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
|---|---|---|---|
| a) | Name | Drew Holdings Limited | |
| 2 | Reason for the notification | ||
| --- | --- | ||
| a) | Position/status | Company affiliated with Chairman and Director Tor Olav Trøim | |
| --- | --- | --- | |
| b) | Initial notification/Amendment | Initial notification | |
| 3 | Details of issuer | ||
| --- | --- | ||
| a) | Name | Borr Drilling Limited | |
| --- | --- | --- | |
| b) | LEI | 213800J2JPCTXLHQ5R78 | |
| 4 | 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 | ||
| --- | --- | ||
| a) | Description of the financial instrument, type of instrument<br><br> <br><br><br> <br>Identification code | Common shares in Borr Drilling Limited (ISIN: BMG1466R1732) | |
| --- | --- | --- | |
| b) | Nature of the transaction | Purchase | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| --- | --- | --- | --- |
| 3.9335 | 1,500,000 | ||
| d) | Aggregated information<br><br> <br>— Aggregated volume<br><br> <br>— Price | 1,500,000 shares at $3.9335 per share for a total of $5,900,250 | |
| --- | --- | --- | |
| e) | Date of the transaction | 08/11/2024 | |
| f) | Place of the transaction | XNYS – New York Stock Exchange |