Borr Drilling - Update on Share Repurchase Program
Hamilton, Bermuda, December 23, 2024 – Borr Drilling Limited (“Borr Drilling” or the “Company”) (NYSE & OSE: BORR) initiated a share repurchase program on December 13, 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 December 31, 2024 pursuant to an agreement with DNB Markets, a part of DNB Bank ASA (“DNB Markets”). This was the second 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