Borr Drilling Ltd 6-K, filed Oct 17, 2022
Borr Drilling Ltd (BORR)
6-K
2022-10-17
For: 2022-10-14
View Original
Added on
April 10, 2026
About this 6-K
Borr Drilling Ltd filed this 6-K on October 17, 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
October 14, 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: October 14, 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 – Notification of PDMR Trades
Borr Drilling Limited (NYSE and OSE: BORR) (the “Company”) has: (i) allocated and will deliver 34,771 of the Company’s shares, held in treasury and listed on
Oslo Stock Exchange, to three persons discharging managerial responsibilities (“PDMRs”), as defined by the Market Abuse Regulation in their capacity as directors, constituting part of their remuneration; and (ii) received corresponding trade
notifications from the PDMRs:
Director and Chairman Tor Olav Trøim: 12,367 shares, constituting part of his remuneration for Q2 and Q3 2022. After delivery Mr. Trøim, with close associates,
will own 15,792,857 shares in the Company.
Kate Blankenship, Director: 15,460 shares, constituting part of her remuneration for Q2 and Q3 2022. After delivery Mrs. Blankenship, with close associates,
will own 195,469 shares in the Company.
Neil Glass, Director of Borr Drilling: 6,944 shares constituting part of his remuneration for Q3 2022. After delivery Mr. Glass, with close associates, will
own 135,596 shares in the Company.
The transfer value of the transferred shares for Q2 2022 has been set to the closing trading price of the Company’s share on New York Stock Exchange at 30 June
2022 which was $4.61 per share. The transfer value of the transferred shares for Q3 2022 has been set to the subscription price of the Company’s $275 million equity raise completed on August 26, 2022, which was $3.60 per share.
Hamilton, Bermuda
14 October 2022
This information is subject to disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.
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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Tor Olav Trøim
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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 and Chairman
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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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Director share remuneration
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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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4.61
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5,423
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3.60
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6,944
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d)
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Aggregated information
— Aggregated volume
— Price
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12,367 shares for a total of USD 50,000 at an average price of 4.04
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e)
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Date of the transaction
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14/10/2022
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f)
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Place of the transaction
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Oslo Stock Exchange
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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 James 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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Director share remuneration
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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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6,944
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d)
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Aggregated information
— Aggregated volume
— Price
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6,944 shares for a total of USD 25,000
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e)
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Date of the transaction
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14/10/2022
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f)
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Place of the transaction
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Oslo Stock Exchange
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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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Alexandra Kate Blankenship
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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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Director share remuneration
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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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4.61
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6,779
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3.60
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8,681
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d)
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Aggregated information
— Aggregated volume
— Price
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15,460 shares for a total of USD 62,500 at an average price of 4.04
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e)
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Date of the transaction
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14/10/2022
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f)
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Place of the transaction
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Oslo Stock Exchange
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