Borr Drilling Limited - Notice of Special General Meeting of Shareholders

BY PR Newswire | CORPORATE | 02/03/23 06:08 AM EST

HAMILTON, Bermuda, Feb. 3, 2023 /PRNewswire/ --?Borr Drilling Limited (the "Company") advises that the Company will hold a Special General Meeting on February 23, 2023 to approve an increase in the Company's authorized share capital required in connection with the successful placement of USD 250 million senior unsecured convertible bonds announced 25 January 2023. The Board of Directors has fixed the close of business on February 6, 2023 as the record date for determination of the shareholders entitled to attend and vote at the Special General Meeting or any adjournment thereof.

A copy of the Notice of Special General Meeting and Form of Proxy (the "Notice") and associated information can be found on the Company's website at and attached to this press release. The Notice and associated information will also be distributed to shareholders by normal distribution methods.

This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.

Questions should be directed to: Magnus Vaaler, CFO,?+44 1224 289208

The following files are available for download:

Borr Drilling SGM Notice


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SOURCE Borr Drilling Limited (BORR)

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.