Bermuda, November 18, 2022: The Board of Directors (the “Board”) of Borr Drilling Limited (the “Company”) (OSE and NYSE “BORR”) has resolved to grant 88,584 Restricted Share Units (RSUs) to its Directors, who are discharging managerial responsibilities (“PDMRs”) as defined by the Market Abuse Regulation.
Each RSU represents one share in the Company. The RSUs will vest in full on September 30, 2023 and will be conditional on continuing to serve as a Director at the date of vesting. The RSUs will be settled through issuance of shares in the Company (either listed on NYSE or on OSE).
The following PDMRs have been granted RSUs:
· Tor Olav Trøim – Chairman of the Board – 29,528 RSUs
· Kate Blankenship – Director – 29,528 RSUs
· Neil Glass – Director – 29,528 RSUs
Please see the attached form of notification and public disclosure by the PDMRs.
This information is subject to the disclosure requirements in article 19 of the Regulation EU 596/2014 (the EU Market Abuse Regulation) and section 5-12 of the Norwegian Securities Trading Act.