Borr Drilling Limited - Update on Share Repurchase Program
Borr Drilling Limited Common Shares (BORR)
Company Research
Source: PR Newswire
HAMILTON, Bermuda, Nov. 12, 2024 /PRNewswire/ -- Borr Drilling Limited ("Borr Drilling" or the "Company") (NYSE and OSE: BORR) refers to its announcement on 6 November 2024, where the Company's Board of Directors authorized the commitment to repurchase $20 million worth of shares within year end 2024, under its previously announced $100 million share repurchase authorisation. The intention of the program is to service its shareholders by way of reducing the share capital. As an initial step under the repurchase program, the Board has authorized the Company to purchase up to $10 million of the Company's shares (the "First Tranche") by November 30, 2024, and the Company has entered an agreement with DNB Markets ("DNB") to effect the First Tranche in open market transactions on OSE and NYSE.The First Tranche will commence on November 13, 2024, and will be completed by November 30, 2024; provided, however, that the Company may discontinue or suspend the repurchases under the First Tranche
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News
- Borr Drilling Limited - Update on Share Repurchase Program [Yahoo! Finance]Yahoo! Finance
- Borr Drilling Limited - Notification of PDMR transactionPR Newswire
- Borr Drilling Ltd (BORR) Q3 2024 Earnings Call Highlights: Navigating Market Challenges with ... [Yahoo! Finance]Yahoo! Finance
- Borr Drilling Limited - Q3 2024 Presentation [Yahoo! Finance]Yahoo! Finance
- Borr Drilling Limited - Q3 2024 PresentationPR Newswire
BORR
Sec Filings
- 11/14/24 - Form SC
- 11/13/24 - Form SC
- 11/13/24 - Form SC
- BORR's page on the SEC website