Press Release
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PDMR form
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BORR DRILLING LIMITED
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Date: August 11, 2022
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By:
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/s/ Mi Hong Yoon
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Name:
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Mi Hong Yoon
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Title:
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Director
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• |
One third will vest 1 March 2024 and will have a strike price of $4.00
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One third will vest 1 March 2025 and will have a strike price of $4.75
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One third will vest 1 March2026 and will have a strike price of $5.50
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Patrick Schorn – Chief Executive Officer –1,000,000 options
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Magnus Vaaler – Chief Financial Officer – 400,000 options
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1
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Details of the person discharging managerial responsibilities/person closely associated
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a)
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Name
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Patrick Schorn
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2
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Reason for the notification
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a)
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Position/status
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Chief Executive Officer
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b)
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Initial notification/Amendment
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Initial notification
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3
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Details of issuer
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a)
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Name
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Borr Drilling Limited
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b)
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LEI
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213800J2JPCTXLHQ5R78
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4
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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
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a)
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Description of the financial instrument, type of instrument
Identification code
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Derivative, options for shares in Borr Drilling Limited (ISIN: BMG1466R1732)
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b)
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Nature of the transaction
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Granting/acceptance of share options
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c)
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Price(s) and volume(s)
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Price(s)
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Volume(s)
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0.00
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1,000,000
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d)
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Aggregated information
— Aggregated volume
— Price
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1,000,000 options awarded for a price of $0.00, 1/3 with strike price $4.00, 1/3 with a strike price of $4.75 and 1/3 with a strike price of $5.50.
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e)
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Date of the transaction
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11/8/2022
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f)
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Place of the transaction
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Outside a trading venue
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1
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Details of the person discharging managerial responsibilities/person closely associated
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a)
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Name
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Patrick Schorn
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2
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Reason for the notification
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a)
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Position/status
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Chief Executive Officer
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b)
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Initial notification/Amendment
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Initial notification
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3
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Details of issuer
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a)
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Name
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Borr Drilling Limited
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b)
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LEI
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213800J2JPCTXLHQ5R78
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4
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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
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a)
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Description of the financial instrument, type of instrument
Identification code
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Derivative, Performance Stock Units linked to the shares in Borr Drilling Limited (ISIN: BMG1466R1732)
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b)
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Nature of the transaction
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Granting/acceptance of Performance Stock Units
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c)
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Price(s) and volume(s)
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Price(s)
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Volume(s)
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0.00
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500,000
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d)
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Aggregated information
— Aggregated volume
— Price
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500,000 Performance Stock Units for a total of $0
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e)
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Date of the transaction
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11/8/2022
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f)
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Place of the transaction
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Outside a trading venue
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1
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Details of the person discharging managerial responsibilities/person closely associated
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a)
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Name
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Magnus Vaaler
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2
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Reason for the notification
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a)
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Position/status
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Chief Financial Officer
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b)
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Initial notification/Amendment
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Initial notification
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3
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Details of issuer
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a)
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Name
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Borr Drilling Limited
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b)
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LEI
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213800J2JPCTXLHQ5R78
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4
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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
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||
a)
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Description of the financial instrument, type of instrument
Identification code
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Derivative, options for shares in Borr Drilling Limited (ISIN: BMG1466R1732)
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b)
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Nature of the transaction
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Granting/acceptance of share options
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c)
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Price(s) and volume(s)
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Price(s)
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Volume(s)
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0.00
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400,000
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d)
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Aggregated information
— Aggregated volume
— Price
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400,000 options awarded for a price of $0.00, 1/3 with strike price $4.00, 1/3 with a strike price of $4.75 and 1/3 with a strike price of $5.50.
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e)
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Date of the transaction
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11/08/2022
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f)
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Place of the transaction
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Outside a trading venue
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