Borr Drilling - Update on Share Repurchase Program
Hamilton, Bermuda, November 20, 2024 – Borr Drilling Limited (“Borr Drilling” or the “Company”) (NYSE & OSE: BORR) initiated a share repurchase program on November 12, 2024 to repurchase USD 10 million of the Company’s common shares in open market transactions (“the First Tranche”) on the OSE and NYSE until no later than November 30, 2024 pursuant to an agreement with DNB Markets, a part of DNB Bank ASA (“DNB Markets”). This was the initial step under the Board of Directors authorized commitment to repurchase $20 million worth of shares before the end of 2024. For the period from and