Borr Drilling Limited (BDRILL) – Share option plan
The Board of Borr Drilling Limited (the “Company”) has today decided to issue 7,470,000 options to the Company’s employees. The award has been granted under the approved share option scheme for employees. The options have a strike price of USD 4.87 per share versus a market price of USD 4.59 by the closing on July 6th. The strike price is equal to the reference price used when the USD 350 million Convertible Bond was raised on May 16th. The options will expire after five years and have a four-year vesting period. In total 31 people are included in the options awards. Total number of options