Borr Drilling Limited (BDRILL) – Share option awards
The Board of Borr Drilling Limited (the “Company”) has granted 2,300,000 options to acquire shares in the Company to certain employees and directors of the Company. The award has been granted under the existing approved share option scheme. The options have a strike price of USD 3.50 per share, which compares to the Company’s share’s closing price of USD 2.84 on 8 March 2019. The options will expire after five years and have a four-year vesting period. In total 20 people are included in these new options awards. Total number of options authorised by the Board is 17.47 million, and 15.375