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- Borr Drilling Limited - Announcing Voluntary Delisting From Oslo Stock Exchange
Borr Drilling Limited - Announcing Voluntary Delisting from Oslo Stock Exchange
01 Nov 2024 22:12 CET
Issuer
Borr Drilling Limited
Borr Drilling Limited (the "Company") (NYSE & OSE: BORR) today announced that
Euronext Oslo Stock Exchange ("OSE") has approved the Company's application for
delisting, following an affirmative shareholder vote at the Company's Special
General Meeting in October 2024.
The Company's shares will be delisted from OSE as of 31 December 2024. The last
day of trading will be 30 December 2024, and the Company will subsequently
maintain a single listing on the New York Stock Exchange ("NYSE").
Shareholders holding shares that are traded at the OSE, held through the
Norwegian central securities depository held with Euronext Securities Oslo
(commonly known as the "VPS") may divest their shares through open market
transactions, or work with their bank or broker to migrate their shares to the
Depository Trust Company (DTC) in the US for trading on the NYSE.
The Company intends to maintain its share registration with the VPS for a period
of at least 12 months from the effective date of the delisting, allowing
shareholders who want to maintain registration of their shares in Euronext
Securities Oslo (VPS) to continue trading their shares via a Norwegian broker
(outside of the Oslo Stock Exchange) with other investors with shares registered
with Euronext Securities Oslo, or migrate their shares to the DTC within such 12
-month period.
Forward looking statements
This press release includes forward looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. These forward looking
statements do not reflect historical facts and may be identified by words such
as "will", "expect", "estimate" and similar expressions and include statements
relating to our plan to delist our shares from trading on the OSE including our
plan to maintain share registration in the VPS for at least 12 months from the
effective date of delisting and other non-historical statements. Such forward
looking statements are subject to risks, uncertainties, contingencies and other
factors could cause actual events to differ materially from the expectations
expressed or implied by the forward-looking statements included herein,
including risks related to the delisting of our shares form the OSE and other
risks and uncertainties described in the section entitled "Risk Factors" in our
most recent annual report on Form 20-F and other filings with the Securities and
Exchange Commission. These forward-looking statements are made only as of the
date of this release. We do not undertake to update or revise the forward
-looking statements, whether as a result of new information, future events or
otherwise.
1 November 2024
Hamilton, Bermuda
Questions should be directed to: Magnus Vaaler, CFO, +44 1224 289208
More information:
Access the news on Oslo Bors NewsWeb site
Source
Borr Drilling Limited
Provider
Oslo Børs Newspoint
Company Name
BORR DRILLING
ISIN
BMG1466R1732
Symbol
BORR
Market
Oslo Børs