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Borr Drilling Ltd (BDRILL.OL)

BDRILL.OL on Oslo Stock Exchange

18.87NOK
3:25pm BST
Change (% chg)

kr-0.62 (-3.18%)
Prev Close
kr19.49
Open
kr19.75
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kr19.90
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kr18.70
Volume
891,716
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1,243,018
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kr43.20
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kr18.70

Latest Key Developments (Source: Significant Developments)

Borr Drilling's accounting chief buys 20,000 shares
Thursday, 6 Dec 2018 

Dec 6 (Reuters) - Borr Drilling Ltd ::CHIEF ACCOUNTING OFFICER OF BORR DRILLING LIMITED HAS ON 6 DECEMBER 2018 ACQUIRED 20,000 SHARES.AVERAGE PRICE NOK 25.014 PER SHARE.  Full Article

Borr Drilling Limited announces purchase of own shares
Monday, 3 Dec 2018 

Dec 3 (Reuters) - Borr Drilling Ltd ::BORR DRILLING LIMITED (BDRILL) - PURCHASE OF OWN SHARES.BORR DRILLING LIMITED ( "COMPANY") HAS TODAY PURCHASED 200,000 OF ITS OWN SHARES AT AN AVERAGE PRICE OF NOK 28.7281 PER SHARE.AFTER THIS TRANSACTION COMPANY HOLDS 5,898,572 OF ITS OWN SHARES IN TREASURY.  Full Article

Borr insiders buy 2.4 mln shares, company itself buys 1.5 mln
Thursday, 20 Sep 2018 

Sept 20 (Reuters) - Borr Drilling Ltd ::BORR DRILLING LTD: COMPANIES AFFILIATED WITH CHAIRMAN TOR OLAV TRØIM ACQUIRED 750,000 SHARES.BORR DRILLING LTD: COMPANIES AFFILIATED WITH BOARD MEMBER OF COMPANY FREDRIK HALVORSEN ACQUIRED 1,000,000 SHARES.SVEND ANTON MAIER, CEO IN BORR DRILLING LIMITED, ACQUIRED 250,000 SHARES.MIDELFART CAPITAL, A COMPANY CONTROLLED BY CELINA MIDELFART, A CLOSE RELATION TO CHAIRMAN TOR OLAV TRØIM, ACQUIRED 150,000 SHARES.RUNE MAGNUS LUNDETRAE, DEPUTY CEO AND CFO IN BORR DRILLING LIMITED, PURCHASED 250,000 SHARES.BORR DRILLING LIMITED ALSO PURCHASED 1,500,000 OWN SHARES.RELATED STORY: BORR DRILLING SHAREHOLDER SOLD 3.2 PCT STAKE AT NOK 35.50/SHARE FWN1W50R8.  Full Article

Borr Drilling shareholder sold 3.2 pct stake at NOK 35.50/share
Thursday, 20 Sep 2018 

Sept 20 (Reuters) - Borr Drilling Ltd ::BORR DRILLING LIMITED: BLOCK SALE OF EXISTING SHARES COMPLETED..SELLER HAS SOLD 17,071,440 SHARES IN COMPANY, REPRESENTING APPROXIMATELY 3.2 PCT OF COMPANY'S OUTSTANDING SHARES, AT NOK 35.50 PER SHARE.FOLLOWING PLACING, SELLER HOLDS NO SHARES IN COMPANY.THE NAME OF THE SELLER WAS NOT RELEASED, BUT THE SIZE OF THE SOLD PORTFOLIO CORRESPONDED TO RASMUSSENGRUPPEN'S STAKE OF 17.07 MLN SHARES IN BORR DRILLING.PARETO SECURITIES AS ACTED AS MANAGER AND BOOKRUNNER IN PLACING.BORR SHARES CLOSED AT NOK 37.0 ON WEDNESDAY.  Full Article

Borr Drilling stake of 17 mln shares put up for sale by investor
Wednesday, 19 Sep 2018 

Sept 19 (Reuters) - Borr Drilling Ltd ::POTENTIAL BLOCK SALE OF EXISTING SHARES.SELLER IS CONTEMPLATING SELLING UP TO ITS ENTIRE SHAREHOLDING OF APPROXIMATELY 17 MILLION SHARES IN COMPANY, REPRESENTING APPROXIMATELY 3.2% OF COMPANY'S OUTSTANDING SHARES.UNNAMED FINANCIAL INVESTOR HAS RETAINED PARETO SECURITIES AS TO EXPLORE A POTENTIAL BLOCK SALE.BOOK BUILDING PROCESS WILL COMMENCE IMMEDIATELY FOLLOWING PUBLICATION OF THIS ANNOUNCEMENT AND MAY BE CLOSED AT SHORT NOTICE AT FULL DISCRETION OF SELLER AND/OR MANAGER.FURTHER ANNOUNCEMENT WILL BE MADE FOLLOWING PRICING OF SHARES IN PLACING.SELLER RESERVES RIGHT, AT ITS OWN DISCRETION, TO SELL FEWER SHARES OR NO SHARES AT ALL.COMPANY'S MANAGEMENT AND PRIMARY INSIDERS WILL SUBSCRIBE FOR IN TOTAL 2,400,000 SHARES IN PLACING, AT NOK 35.50 PER SHARE, GIVEN THAT SELLER SELLS ITS ENTIRE SHAREHOLDING.IN ADDITION, BORR DRILLING LIMITED HAS RECENTLY ANNOUNCED ITS INTENTION TO BUY BACK USD20M OF SHARES IN A BUYBACK PROGRAM.COMPANY INTENDS TO UTILIZE A SIGNIFICANT PART OF BUYBACK PROGRAM IN THIS TRANSACTION.  Full Article

Borr Drilling to rise up to $250 mln via new shares issue
Thursday, 22 Mar 2018 

March 22 (Reuters) - Borr Drilling Ltd ::‍IS CONTEMPLATING TO OFFER UP TO 54,347,827 NEW SHARES ( "OFFER SHARES"), REPRESENTING 11.4 PER CENT OF OUTSTANDING SHARES OF COMPANY​.‍SUBSCRIPTION PRICE WILL BE USD 4.60 PER SHARE, RAISING GROSS PROCEEDS OF UP TO USD 250 MILLION​.‍NET PROCEEDS FROM EQUITY OFFERING WILL BE USED TO SECURE FINANCING FOR ACQUISITION OF PARAGON AND FOR GENERAL CORPORATE PURPOSES​.‍COMPANIES THAT ARE CLOSE ASSOCIATES OF MR. TOR OLAV TRØIM HAVE AGREED TO SUBSCRIBE FOR SHARES EQUIVALENT TO USD 20 MILLION​.‍UBON PARTNERS AS, PARTLY OWNED BY MEMBER OF BOARD OF DIRECTORS FREDRIK HALVORSEN, HAS AGREED TO SUBSCRIBE FOR SHARES EQUIVALENT TO USD 10 MILLION​.‍MINIMUM APPLICATION AND ALLOCATION AMOUNT IN EQUITY OFFERING HAS BEEN SET TO USD EQUIVALENT OF EUR 100,000​.‍EQUITY OFFERING WILL BE DIVIDED INTO TWO TRANCHES CONSISTING OF UP TO 46.7 MILLION AND OF UP TO 7.6 MILLION NEW SHARES​.‍DATE FOR SETTLEMENT OF TRANCHE 1 OF EQUITY OFFERING IS EXPECTED TO BE ON OR ABOUT 27 MARCH 2018​.‍SETTLEMENT OF TRANCHE 2 IS EXPECTED SHORTLY AFTER APPROVAL OF INCREASE IN AUTHORISED SHARE CAPITAL OF COMPANY BY EXTRAORDINARY GENERAL MEETING TO BE HELD ON OR ABOUT 5 APRIL 2018​.‍SHARE ISSUANCE WILL BE CARRIED OUT AS A PRIVATE PLACEMENT AND BOARD OF DIRECTORS OF COMPANY IS OF OPINION THAT THIS IS IN BEST INTEREST OF COMPANY AND ITS SHAREHOLDERS​.  Full Article

Borr Drilling Limited with Paragon Transaction
Thursday, 22 Mar 2018 

March 22 (Reuters) - Borr Drilling Ltd ::BORR DRILLING LIMITED (BDRILL) - PARAGON TRANSACTION.BOARD AND CEO SIMON JOHNSON HAVE AGREED THAT HIS CONTRACT AS CEO WILL BE TERMINATED.WILL ASSIST IN INTEGRATION OF PARAGON AND WILL SUBSEQUENTLY LEAVE COMPANY.  Full Article

Borr chairman's company bought 1 mln shares on forward contract
Tuesday, 27 Feb 2018 

Feb 27 (Reuters) - Borr Drilling Ltd ::‍DREW HOLDINGS LIMITED HAS ON 27 FEBRUARY 2018 ENTERED INTO A FORWARD CONTRACT OF 1,000,000 SHARES IN BORR DRILLING​.‍FORWARD CONTRACT WILL EXPIRE 26 FEBRUARY 2019 AT A PRICE OF NOK 33.6625/SHARE​.‍TOR OLAV TRØIM, CHAIRMAN OF BOARD IN BORR DRILLING LTD, HAS BENEFICIARY INTEREST IN DREW HOLDINGS​.‍TRØIM AND HIS AFFILIATED PARTIES WILL INCLUDING FORWARD CONTRACTS, REPRESENT AN OWNERSHIP OF 38,410,588 SHARES OR 8.03%​.  Full Article

Borr Drilling offers $232.5 mln for Paragon Offshore
Thursday, 22 Feb 2018 

Feb 22 (Reuters) - Borr Drilling Ltd ::SAYS IT HAS RECEIVED COMMITMENTS FROM HOLDERS OF 67.9% OF PARAGON'S SHARES FOR ITS TENDER OFFER WHICH WILL BE MADE TO ALL SHAREHOLDERS IN PARAGON.‍TOTAL ACQUISITION PRICE FOR ALL OUTSTANDING SHARES IS ESTIMATED AT USD232.5 MILLION​.PARAGON IS AN INTERNATIONAL DRILLER WITH A FLEET OF 32 DRILLING UNITS AS PER JANUARY 2018​.‍ACQUISITION WILL BE FINANCED THROUGH CASH ON BALANCE SHEET AND ISSUANCE OF EQUITY AND/OR DEBT INSTRUMENTS​.‍ACQUISITION IS EXPECTED TO CLOSE IN MARCH 2018​.TOTAL OPERATING EXPENSES WERE US$62.4 MILLION FOR THE THREE MONTHS ENDED DECEMBER 31‍​.OPERATING REVENUES WERE US$0.1 MILLION FOR THE THREE MONTHS ENDED DECEMBER 31.THE CURRENT DAYRATE LEVELS AND UTILISATION IN THE JACK-UP RIG MARKET REMAINS CHALLENGING.THE COMPANY IS STILL IN THE MARKET FOR ATTRACTIVE ASSETS THAT COMPLEMENT THE CURRENT FLEET PROFILE, BOTH THROUGH ACQUISITIONS OF RIGS ON A STANDALONE BASIS AND/OR FROM POTENTIAL CORPORATE TRANSACTIONS.SAYS IT ‍IS LIKELY THAT MOST OF PARAGON'S 21 UNCONTRACTED JACK-UP RIGS WILL NOT BE MARKETED FOR NEW DRILLING CONTRACTS​.THERE ARE CLEAR SIGNS THAT WE HAVE PASSED THE BOTTOM OF THE OFFSHORE DRILLING CYCLE AND THE ACTIVITY LEVEL IS PICKING UP.SAYS THE COMPANY WILL FOCUS ON OPERATING MODERN, HIGH-SPEC ASSETS​.CHAIRMAN SAYS RIG OWNERS SHOULD TAKE STEPS TO RATIONALISE THEIR FLEETS AND CONSOLIDATE FRAGMENTED MARKET​ ‍AS ALMOST 50% OF GLOBAL RIG FLEET IS MORE THAN 30 YEARS OLD.  Full Article

Borr Drilling ‍appoints Schlumberger executive to board
Thursday, 11 Jan 2018 

Jan 11 (Reuters) - Borr Drilling Ltd ::‍TODAY ANNOUNCED APPOINTMENT OF MR. PATRICK SCHORN AS A NEW MEMBER OF BOARD OF DIRECTORS​.‍MR. SCHORN IS EXECUTIVE VICE PRESIDENT OF NEW VENTURES FOR SCHLUMBERGER LIMITED​.  Full Article