Borr Drilling Limited - Increase in Share Capital

Source: www.gulfoilandgas.com 1/27/2021, Location: South America

Reference is made to Borr Drilling Limited's stock exchange releases related to the equity offering of 54,117,647 new depository receipts to be listed on the Oslo Stock Exchange (the "Offer Shares"), representing the beneficial interests in the same number of the Company's underlying common shares, each at a subscription price at USD 0.85 per Offer Share. The equity offering has been settled and the Company's issued share capital has increased by USD 2,705,882.35 to USD 13,721,817.55, divided into 274,436,351 common shares, each with a nominal value of USD 0.05 per share. The common shares referred to herein have not been registered under the United States Securities Act of 1933 and may not be offered or sold in the United States, except pursuant to an applicable exemption from registration.


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