Borr Drilling Limited (the “Company”) (NYSE and OSE: “BORR”) advises that a Special General Meeting of the Company was held on February 23, 2023 at 09:00 ADT at 2nd Floor, The S.E. Pearman Building, 9 Par-la-Ville Road, Hamilton HM 11, Bermuda.
The following resolution was passed:
To approve the increase of the Company’s authorized share capital from US$25,500,000.00 divided into 255,000,000 common shares of US$0.10 par value each to US$31,500,000.00 divided into 315,000,000 common shares of US$0.10 par value each by the authorization of an additional 60,000,000 common shares of US$0.10 par value each.
The increase in authorized share capital is a condition for the Company to complete the settlement of the previously announced convertible bond offering.
Hamilton, Bermuda
February 23, 2023