0001140361-22-029002.txt : 20220810 0001140361-22-029002.hdr.sgml : 20220810 20220810110051 ACCESSION NUMBER: 0001140361-22-029002 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20220810 FILED AS OF DATE: 20220810 DATE AS OF CHANGE: 20220810 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Borr Drilling Ltd CENTRAL INDEX KEY: 0001715497 STANDARD INDUSTRIAL CLASSIFICATION: DRILLING OIL & GAS WELLS [1381] IRS NUMBER: 000000000 STATE OF INCORPORATION: D0 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-39007 FILM NUMBER: 221150822 BUSINESS ADDRESS: STREET 1: THISTLE HOUSE STREET 2: 4 BURNABY STREET CITY: HAMILTON HM 11 STATE: D0 ZIP: 0000 BUSINESS PHONE: 4722483000 MAIL ADDRESS: STREET 1: THISTLE HOUSE STREET 2: 4 BURNABY STREET CITY: HAMILTON HM 11 STATE: D0 ZIP: 0000 6-K 1 brhc10040659_6k.htm 6-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 


FORM 6-K
 


REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
OF THE SECURITIES EXCHANGE ACT OF 1934
 
August 10, 2022
 
Commission File Number 001-39007
 


Borr Drilling Limited
 

S. E. Pearman Building
2nd Floor 9 Par-la-Ville Road
Hamilton HM11
Bermuda
(Address of principal executive office)



Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
 
Form 20-F ☒ Form 40-F ☐
 
Indicate by check mark if the registrant is submitting the Form 6-K on paper as permitted by Regulation S-T Rule 101(b)(1): ☐
 
Indicate by check mark if the registrant is submitting the Form 6-K on paper as permitted by Regulation S-T Rule 101(b)(7): ☐



Exhibits
 
Press Release
PDMR Form
 

 SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
 
BORR DRILLING LIMITED
     
Date: August 10, 2022
By:
/s/ Mi Hong Yoon
 
Name:
Mi Hong Yoon
 
Title:
Director



EX-99.1 2 brhc10040659_ex99-1.htm EXHIBIT 99.1

Exhibit 99.1

Borr Drilling Limited - Mandatory notification of trades

Reference is made to Borr Drilling Limited’s (“Borr Drilling”) (NYSE, OSE: “BORR”) stock exchange announcements of August 10, 2022, relating to the pricing of the equity offering through the subscription and allocation of a total of 69,444,444 new common shares (the “Offer Shares”), each at a subscription price of USD 3.60 per Offer Share (equivalent to NOK 35.00 per Offer Share), raising gross proceeds of USD 250 million. The Offer Shares will be listed on the New York Stock Exchange.

The following persons discharging managerial responsibilities (“PDMRs”) in Borr Drilling have subscribed for and been conditionally allocated the following Offer Shares at the Subscription Price:

Companies affiliated with Director and Chairman Tor Olav Trøim: 5,555,555 Offer Shares. After delivery, Trøim and his affiliated parties will represent an ownership in Borr Drilling of 15,780,490 shares in the Company.

Neil Glass, Director of Borr Drilling: 12,500 Offer Shares. After delivery, Mr. Glass will own 128,652 shares in the Company

Patrick Schorn, Chief Executive Officer of Borr Drilling: 100,000 Offer Shares. After delivery, Mr. Schorn will own 1,100,000 shares in the Company.

Magnus Vaaler, Chief Financial Officer of Borr Drilling: 10,000 Offer Shares. After delivery, Mr. Vaaler will own 75,000 shares in the Company.

August 10, 2022
Hamilton, Bermuda

This information is subject to disclosure requirements pursuant to Sections 4-2 and 5-12 of the Norwegian Securities Trading Act and article 19 of the Regulation EU 596/2014 (Market Abuse Regulation).



EX-99.2 3 brhc10040659_ex99-2.htm EXHIBIT 99.2

Exhibit 99.2

1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Patrick Schorn
2
Reason for the notification
a)
Position/status
Chief Executive Officer
b)
Initial notification/Amendment
Initial notification
3
Details of issuer
a)
Name
Borr Drilling Limited
b)
LEI
213800J2JPCTXLHQ5R78
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
 
Identification code
Common shares in Borr Drilling Limited (ISIN: BMG1466R1732)
b)
Nature of the transaction
Subscription in public offering
c)
Price(s) and volume(s)
Price(s)
Volume(s)
3.60
100,000
d)
Aggregated information
—          Aggregated volume
—          Price
100,000 shares at a price of USD 3,60 per share for a total of USD 360,000
e)
Date of the transaction
10/08/2022
f)
Place of the transaction
New York Stock Exchange (MIC:XNYS)


1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Magnus Vaaler
2
Reason for the notification
a)
Position/status
Chief Financial Officer
b)
Initial notification/Amendment
Initial notification
3
Details of issuer
a)
Name
Borr Drilling Limited
b)
LEI
213800J2JPCTXLHQ5R78
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
 
Identification code
Common shares in Borr Drilling Limited (ISIN: BMG1466R1732)
b)
Nature of the transaction
Subscription in public offering
c)
Price(s) and volume(s)
Price(s)
Volume(s)
3.60
10,000
d)
Aggregated information
—          Aggregated volume
—          Price
10,000 shares at a price of USD 3,60 per share for a total of USD 36,000
e)
Date of the transaction
10/08/2022
f)
Place of the transaction
New York Stock Exchange (MIC:XNYS)


1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Neil Glass
2
Reason for the notification
a)
Position/status
Director
b)
Initial notification/Amendment
Initial notification
3
Details of issuer
a)
Name
Borr Drilling Limited
b)
LEI
213800J2JPCTXLHQ5R78
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
 
Identification code
Common shares in Borr Drilling Limited (ISIN: BMG1466R1732)
b)
Nature of the transaction
Subscription in public offering
c)
Price(s) and volume(s)
Price(s)
Volume(s)
3.60
12,500
d)
Aggregated information
—          Aggregated volume
—          Price
12,500 shares at a price of USD 3,60 per share for a total of USD 45,000
e)
Date of the transaction
10/08/2022
f)
Place of the transaction
New York Stock Exchange (MIC:XNYS)


1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Drew Holdings Limited
2
Reason for the notification
a)
Position/status
Company affiliated with Director and Chairman Tor Olav Trøim
b)
Initial notification/Amendment
Initial notification
3
Details of issuer
a)
Name
Borr Drilling Limited
b)
LEI
213800J2JPCTXLHQ5R78
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
 
Identification code
Common shares in Borr Drilling Limited (ISIN: BMG1466R1732)
b)
Nature of the transaction
Subscription in public offering
c)
Price(s) and volume(s)
Price(s)
Volume(s)
3.60
5,555,555
d)
Aggregated information
—          Aggregated volume
—          Price
5,555,555 shares at a price of USD 3.60 per share for a total of USD 19,999,998
e)
Date of the transaction
10/08/2022
f)
Place of the transaction
New York Stock Exchange (MIC:XNYS)