BORR DRILLING LIMITED RESOLVES TO APPLY FOR LISTING ON OSLO BØRS IN AUGUST 2017
Hamilton, Bermuda, AUGUST 4, 2017. Borr Drilling Limited (“Borr Drilling” or the “Company”) today announces that the Board of Directors of the Company has resolved to apply for a listing of its shares on Oslo Børs in the second half of August 2017. The target for the listing is to increase public awareness of the company, improve the liquidity in the trading of the shares, and prepare the Company for further growth through asset acquisitions and M&A transactions. The first day of trading of the shares on Oslo Børs will be following the receipt of relevant approvals from Oslo Børs and approval of a prospectus by the Norwegian Financial Supervisory Authority. Further announcements relating to the process, including the first day of trading will be made in due course. It is however expected that such a process can be completed well within Q3 2017. In connection with the listing process there will be a call for an extraordinary AGM in order to get approval for updating the Byelaws. DNB Markets, a part of DNB Bank ASA, is acting as financial advisor to Borr Drilling in relation to the listing.