Borr Drilling Limited (BORR) has issued 1,000,000 new common shares to be held in treasury, and used solely for issuance in connection with the exercise of share options vesting under the Company's existing share option program for certain employees. For further information on the share option program please refer to Note 24 of the Company's Annual Report on Form 20-F for the year ended December 31, 2022, which was filed with the Securities and Exchange Commission on March 30, 2023.
The new shares are validly and legally issued and fully paid. Following such issuance, the Company has an issued share capital of $25,655,755.30 divided into 256,557,553 common shares with a par value of $0.10 per share.
