<SEC-DOCUMENT>0001140361-23-002092.txt : 20230119
<SEC-HEADER>0001140361-23-002092.hdr.sgml : 20230119
<ACCEPTANCE-DATETIME>20230119134100
ACCESSION NUMBER:		0001140361-23-002092
CONFORMED SUBMISSION TYPE:	SC 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20230119
DATE AS OF CHANGE:		20230119

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Valaris Ltd
		CENTRAL INDEX KEY:			0000314808
		STANDARD INDUSTRIAL CLASSIFICATION:	DRILLING OIL & GAS WELLS [1381]
		IRS NUMBER:				980635229
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-33427
		FILM NUMBER:		23536920

	BUSINESS ADDRESS:	
		STREET 1:		CLARENDON HOUSE
		STREET 2:		2 CHURCH STREET
		CITY:			HAMILTON
		STATE:			D0
		ZIP:			HM 11
		BUSINESS PHONE:		4402076594660

	MAIL ADDRESS:	
		STREET 1:		CLARENDON HOUSE
		STREET 2:		2 CHURCH STREET
		CITY:			HAMILTON
		STATE:			D0
		ZIP:			HM 11

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Valaris plc
		DATE OF NAME CHANGE:	20190801

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Ensco Rowan plc
		DATE OF NAME CHANGE:	20190410

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Ensco plc
		DATE OF NAME CHANGE:	20100331

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Lodbrok Capital LLP
		CENTRAL INDEX KEY:			0001778719
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			X0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G/A

	BUSINESS ADDRESS:	
		STREET 1:		55 ST JAMESS STREET
		CITY:			LONDON
		STATE:			X0
		ZIP:			SW1A 1LA
		BUSINESS PHONE:		44-207-509-6610

	MAIL ADDRESS:	
		STREET 1:		55 ST JAMESS STREET
		CITY:			LONDON
		STATE:			X0
		ZIP:			SW1A 1LA
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G/A
<SEQUENCE>1
<FILENAME>brhc10046802_sc13ga.htm
<DESCRIPTION>SC 13G/A
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: Broadridge
         Document created using Broadridge PROfile 22.12.1.5105
         Copyright 1995 - 2023 Broadridge -->
  </head>
<body bgcolor="#ffffff" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000;">
  <hr align="center" style="border: none; border-bottom: 1px solid black; border-top: 4px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;">
  <div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-size: 14pt; font-weight: bold;">UNITED STATES</div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-size: 14pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div><font style="color: #000000;"> </font><br>
    </div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-size: 12pt; font-weight: bold;">Washington, D.C. 20549</div>
    <div><font style="color: #000000;"> </font><br>
    </div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-size: 18pt; font-weight: bold;">SCHEDULE 13G</div>
    <div><font style="color: #000000;"> </font><br>
    </div>
    <div style="text-align: center; color: #000000; font-weight: bold;">Under the Securities Exchange Act of 1934</div>
    <div style="text-align: center; color: #000000; font-weight: bold;">(Amendment No. 1)*</div>
    <div><font style="color: #000000;"> </font><br>
    </div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-size: 24pt;">Valaris Limited</div>
    <div>
      <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
    <div style="text-align: center; color: #000000;">(Name of Issuer)</div>
    <div><font style="color: #000000;"> </font><br>
    </div>
    <div style="text-align: center; color: #000000;">Common Shares, $0.01 par value per share</div>
    <div>
      <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
    <div style="text-align: center; color: #000000;">(Title of Class of Securities)</div>
    <div><font style="color: #000000;"> </font><br>
    </div>
    <div style="text-align: center; color: #000000;">G9460G101</div>
    <div>
      <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
    <div style="text-align: center; color: #000000;">(CUSIP Number)</div>
    <div><font style="color: #000000;"> </font><br>
    </div>
    <div style="text-align: center; color: #000000;">December 31, 2022</div>
    <div>
      <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
    <div style="text-align: center; color: #000000;">(Date of Event Which Requires Filing of this Statement)</div>
    <div><font style="color: #000000;"> </font><br>
    </div>
    <div style="color: #000000;">Check the appropriate box to designate the rule pursuant to which this Schedule is filed:</div>
    <div><font style="color: #000000;"> </font><br>
    </div>
    <div style="text-indent: 18pt; color: #000000;">&#9746; Rule 13d-1(b)</div>
    <div><font style="color: #000000;"> </font><br>
    </div>
    <div style="text-indent: 18pt; color: #000000;">&#9744; Rule 13d-1(c)</div>
    <div><font style="color: #000000;"> </font><br>
    </div>
    <div style="text-indent: 18pt; color: #000000;">&#9744; Rule 13d-1(d)</div>
    <div><font style="color: #000000;"> </font><br>
    </div>
    <div style="color: #000000;">* The remainder of this cover page shall be filled out for a reporting person&#8217;s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which
      would alter the disclosures provided in a prior cover page.</div>
    <div><font style="color: #000000;"> </font><br>
    </div>
    <div style="color: #000000;">The information required in the remainder of this cover page shall not be deemed to be &#8220;filed&#8221; for the purpose of Section 18 of the Securities Exchange Act of 1934 (&#8220;Act&#8221;) or otherwise subject to the liabilities of that
      section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).</div>
    <div><br>
    </div>
    <div style="text-align: center; color: #000000;">Continued on following pages</div>
    <div style="text-align: center; color: #000000;">Page 1 of 5 Pages</div>
    <div><br>
    </div>
    <div>
      <hr align="center" style="border: none; border-bottom: 4px solid black; border-top: 1px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;"></div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      <div class="BRPFPageHeader" style="width: 100%;">
        <div>
          <div>
            <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; width: 100%;">

                <tr>
                  <td style="width: 33.33%;">
                    <div style="text-align: left; color: #000000;">CUSIP No. G9460G101</div>
                  </td>
                  <td style="width: 33.33%;">
                    <div style="text-align: center; color: rgb(0, 0, 0);">SCHEDULE 13G</div>
                  </td>
                  <td style="width: 33.33%; text-align: right;">Page <font class="BRPFPageNumber"><font style="font-weight: bold;">2</font> of <font style="font-weight: bold;">5</font> Pages<br>
                    </font></td>
                </tr>

            </table>
          </div>
        </div>
      </div>
    </div>
    <div> </div>
    <table cellspacing="0" cellpadding="2" border="0" style="border-collapse: collapse; width: 100%; font-family: 'Times New Roman'; font-size: 10pt;">

        <tr>
          <td style="BORDER-TOP: #000000 1pt solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="3">
            <div style="font-weight: bold; text-align: center;">1</div>
          </td>
          <td style="BORDER-TOP: #000000 1pt solid; VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 89.86%" colspan="3">
            <div style="font-weight: bold; text-align: left;">NAMES OF REPORTING PERSONS</div>
          </td>
          <td style="BORDER-TOP: #000000 1pt solid; VERTICAL-ALIGN: middle; WIDTH: 2.05%">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="BORDER-TOP: #000000 1pt solid; BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 1.74%">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 89.86%" rowspan="2" colspan="3">
            <div style="text-align: left; color: #000000;">Lodbrok Capital LLP</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.05%">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 1.74%">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.05%">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 1.74%">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="3">
            <div style="font-weight: bold; text-align: center;">2</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 89.86%" colspan="3">
            <div style="font-weight: bold; text-align: left;">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP</div>
          </td>
          <td style="vertical-align: middle; width: 2.05%;">&#160;</td>
          <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: middle; width: 1.74%;">&#160;</td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 89.86%" colspan="3">
            <div style="text-align: left;">(a)&#9744;</div>
          </td>
          <td style="vertical-align: middle; width: 2.05%;">&#160;</td>
          <td style="border-right: 1pt solid rgb(0, 0, 0); vertical-align: middle; width: 1.74%;">&#160;</td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 89.86%" colspan="3">
            <div style="text-align: left;">(b)&#9744;</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.05%">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 1.74%">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="3">
            <div style="font-weight: bold; text-align: center;">3</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 89.86%; BACKGROUND-COLOR: #bfbfbf" colspan="3">
            <div style="font-weight: bold; text-align: left;">SEC USE ONLY</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.05%; BACKGROUND-COLOR: #bfbfbf">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 1.74%; BACKGROUND-COLOR: #bfbfbf">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>
        <tr style="BACKGROUND-COLOR: #bfbfbf">
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 89.86%" rowspan="2" colspan="3">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.05%">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 1.74%">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>
        <tr style="BACKGROUND-COLOR: #bfbfbf">
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.05%">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 1.74%">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="3">
            <div style="font-weight: bold; text-align: center;">4</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; FONT-WEIGHT: bold; BORDER-LEFT: #000000 1pt solid; WIDTH: 89.86%" colspan="3">
            <div style="text-align: left;">CITIZENSHIP OR PLACE OF ORGANIZATION</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.05%">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 1.74%">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 89.86%" rowspan="2" colspan="3">
            <div style="text-align: left; color: #000000;">United Kingdom</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.05%">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 1.74%">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.05%">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 1.74%">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; FONT-WEIGHT: bold; BORDER-LEFT: #000000 1pt solid; WIDTH: 12.71%" rowspan="12" colspan="2">
            <div style="text-align: center;">NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="3">
            <div style="font-weight: bold; text-align: center;">5</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 80.18%">
            <div style="font-weight: bold; text-align: left;">SOLE VOTING POWER</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.05%">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 1.74%">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 80.18%" rowspan="2">
            <div style="text-align: left; color: #000000;">3,000,003</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.05%">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 1.74%">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.05%">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 1.74%">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="3">
            <div style="font-weight: bold; text-align: center;">6</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 80.18%">
            <div style="font-weight: bold; text-align: left;">SHARED VOTING POWER</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.05%">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 1.74%">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 80.18%" rowspan="2">
            <div style="text-align: left; color: #000000;">0</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.05%">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 1.74%">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.05%">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 1.74%">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="3">
            <div style="font-weight: bold; text-align: center;">7</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 80.18%">
            <div style="font-weight: bold; text-align: left;">SOLE DISPOSITIVE POWER</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.05%">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 1.74%">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 80.18%" rowspan="2">
            <div style="text-align: left; color: #000000;">3,000,003</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.05%">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 1.74%">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.05%">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 1.74%">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="3">
            <div style="font-weight: bold; text-align: center;">8</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 80.18%">
            <div style="font-weight: bold; text-align: left;">SHARED DISPOSITIVE POWER</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.05%">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 1.74%">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 80.18%" rowspan="2">
            <div style="text-align: left; color: #000000;">0</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.05%">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 1.74%">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.05%">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 1.74%">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="3">
            <div style="font-weight: bold; text-align: center;">9</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 89.86%" colspan="3">
            <div style="font-weight: bold; text-align: left;">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.05%">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 1.74%">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 89.86%" rowspan="2" colspan="3">
            <div style="text-align: left; color: #000000;">3,000,003</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.05%">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 1.74%">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.05%">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 1.74%">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="3">
            <div style="font-weight: bold; text-align: center;">10</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 89.86%" colspan="3">
            <div style="font-weight: bold; text-align: left;">CHECK IF THE AGGREGATE AMOUNT IN ROW (9)&#160;EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.05%">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: middle; WIDTH: 1.74%">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 89.86%" rowspan="2" colspan="3">
            <div style="text-align: left;">&#9744;</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.05%">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 1.74%">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.05%">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 1.74%">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="3">
            <div style="font-weight: bold; text-align: center;">11</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 89.86%" colspan="3">
            <div style="font-weight: bold; text-align: left;">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.05%">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 1.74%">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 89.86%" rowspan="2" colspan="3">
            <div style="text-align: left; color: #000000;">3.99%</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.05%">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 1.74%">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.05%">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 1.74%">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="3">
            <div style="font-weight: bold; text-align: center;">12</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 89.86%" colspan="3">
            <div style="font-weight: bold; text-align: left;">TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.05%">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 1.74%">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 89.86%" rowspan="2" colspan="3">
            <div style="text-align: left; color: #000000;">OO</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.05%">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 1.74%">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.05%">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 1.74%">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>

    </table>
    <div><font style="color: #000000;"> </font><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      <div class="BRPFPageHeader" style="width: 100%;">
        <div>
          <div>
            <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; width: 100%;">

                <tr>
                  <td style="width: 33.33%;">
                    <div style="text-align: left; color: #000000;">CUSIP No. G9460G101</div>
                  </td>
                  <td style="width: 33.33%;">
                    <div style="text-align: center; color: rgb(0, 0, 0);">SCHEDULE 13G</div>
                  </td>
                  <td style="width: 33.33%; text-align: right;">Page <font class="BRPFPageNumber"><font style="font-weight: bold;">3</font> of <font style="font-weight: bold;">5</font> Pages<br>
                    </font></td>
                </tr>

            </table>
          </div>
        </div>
      </div>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z1c4d53feae9d4630b3aaed18f67b0ba3">

        <tr>
          <td style="width: 72pt; vertical-align: top; color: #000000; font-weight: bold;">Item 1(a)</td>
          <td style="width: auto; vertical-align: top;">
            <div style="color: rgb(0, 0, 0); font-weight: bold;">Name of Issuer.</div>
          </td>
        </tr>

    </table>
    <div><font style="color: #000000;"> </font><br>
    </div>
    <div style="color: #000000;">Valaris Limited (the &#8220;Issuer&#8221;)</div>
    <div><font style="color: #000000;"> </font><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z6dd22fcc1a7e45b0afd8e69e977438c8">

        <tr>
          <td style="width: 72pt; vertical-align: top; color: #000000; font-weight: bold;">Item 1(b)</td>
          <td style="width: auto; vertical-align: top;">
            <div style="color: rgb(0, 0, 0); font-weight: bold;">Address of Issuer&#8217;s Principal Executive Offices.</div>
          </td>
        </tr>

    </table>
    <div><font style="color: #000000;"> </font><br>
    </div>
    <div style="color: #000000;">Clarendon House,</div>
    <div style="color: #000000;">2 Church Street, Hamilton, Bermuda, HM 11</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z5e6d45ce00e0474e9da9fa81d5151f6c">

        <tr>
          <td style="width: 72pt; vertical-align: top; color: #000000; font-weight: bold;">Item 2(a)</td>
          <td style="width: auto; vertical-align: top;">
            <div style="color: rgb(0, 0, 0); font-weight: bold;">Name of Person Filing.</div>
          </td>
        </tr>

    </table>
    <div><font style="color: #000000;"> </font><br>
    </div>
    <div style="text-align: justify; color: #000000;">Lodbrok Capital LLP (the &#8220;Reporting Person&#8221;)</div>
    <div><font style="color: #000000;"> </font><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z0cf00064f79a45b4ad382597026050a5">

        <tr>
          <td style="width: 72pt; vertical-align: top; color: #000000; font-weight: bold;">Item 2(b)</td>
          <td style="width: auto; vertical-align: top;">
            <div style="color: rgb(0, 0, 0); font-weight: bold;">Address of Principal Business Office.</div>
          </td>
        </tr>

    </table>
    <div style="text-indent: 72pt;"><font style="color: #000000;"> </font><br>
    </div>
    <div style="color: #000000;">55 St James's Street, London, United Kingdom, SW1A 1LA.</div>
    <div><font style="color: #000000;"> </font><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z8e10cac5a5c84979b9bbd4205d245ee6">

        <tr>
          <td style="width: 72pt; vertical-align: top; color: #000000; font-weight: bold;">Item 2(c)</td>
          <td style="width: auto; vertical-align: top;">
            <div style="color: rgb(0, 0, 0); font-weight: bold;">Place of Organization.</div>
          </td>
        </tr>

    </table>
    <div><font style="color: rgb(0, 0, 0);"> </font><br>
    </div>
    <div style="color: #000000;">United Kingdom</div>
    <div><font style="color: #000000;"> </font><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z71690552d0424b9aa0c2a540a059da81">

        <tr>
          <td style="width: 72pt; vertical-align: top; color: #000000; font-weight: bold;">Item 2(d)</td>
          <td style="width: auto; vertical-align: top;">
            <div style="color: rgb(0, 0, 0); font-weight: bold;">Title of Class of Securities.</div>
          </td>
        </tr>

    </table>
    <div style="text-align: justify; text-indent: 72pt;"><font style="color: #000000;"> </font><br>
    </div>
    <div style="text-align: justify; color: #000000;">Common Shares, $0.01 par value share (&#8220;Shares&#8221;)</div>
    <div><font style="color: #000000;"> </font><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z31fb366b05804623ae6fcd57f89d18c3">

        <tr>
          <td style="width: 72pt; vertical-align: top; color: #000000; font-weight: bold;">Item 2(e)</td>
          <td style="width: auto; vertical-align: top;">
            <div style="color: rgb(0, 0, 0); font-weight: bold;">CUSIP Number.</div>
          </td>
        </tr>

    </table>
    <div style="text-indent: 72pt;"><font style="color: #000000;"> </font><br>
    </div>
    <div style="color: #000000;">G9460G101</div>
    <div><font style="color: #000000;"> </font><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z1aaace876018495ab7396885e1a483ce">

        <tr>
          <td style="width: 72pt; vertical-align: top; color: #000000; font-weight: bold;">Item 3</td>
          <td style="width: auto; vertical-align: top;">
            <div style="color: rgb(0, 0, 0); font-weight: bold;">Reporting Person.</div>
          </td>
        </tr>

    </table>
    <div style="text-indent: 72pt;"><font style="color: #000000;"> </font><br>
    </div>
    <div style="color: #000000;">(j) &#9746; A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J)</div>
    <div><br>
    </div>
    <div style="color: #000000;">If filing in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution: <u>investment advisor</u></div>
    <div><font style="color: #000000;"> </font><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z2ea7f035553f41f18795f1ba16c0ae92">

        <tr>
          <td style="width: 72pt; vertical-align: top; color: #000000; font-weight: bold;">Item 4</td>
          <td style="width: auto; vertical-align: top;">
            <div style="color: rgb(0, 0, 0); font-weight: bold;">Ownership.</div>
          </td>
        </tr>

    </table>
    <div><font style="color: #000000;"> </font><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="za4b98d1654964af993ca349f3061ce2c">

        <tr>
          <td style="width: 72pt; vertical-align: top; color: #000000; font-weight: bold;">Item 4(a)</td>
          <td style="width: auto; vertical-align: top;">
            <div style="color: rgb(0, 0, 0); font-weight: bold;">Amount Beneficially Owned:</div>
          </td>
        </tr>

    </table>
    <div style="text-indent: 72pt;"><font style="color: #000000;"> </font><br>
    </div>
    <div style="color: #000000;">As of December 31, 2022, the Reporting Person may be deemed to beneficially own 3,000,003 Shares.</div>
    <div><font style="color: #000000;"> </font><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z5ba35bb0a2db489a9a157c72ae0ac9bc">

        <tr>
          <td style="width: 72pt; vertical-align: top; color: #000000; font-weight: bold;">Item 4(b)</td>
          <td style="width: auto; vertical-align: top;">
            <div style="color: rgb(0, 0, 0); font-weight: bold;">Percent of Class:</div>
          </td>
        </tr>

    </table>
    <div style="text-indent: 72pt;"><font style="color: #000000;"> </font><br>
    </div>
    <div style="color: #000000;">As of December 31, 2022, the Reporting Person may be deemed to beneficially own approximately 3.99% of the total number of Shares outstanding (based upon the information provided by the Issuer in its Form 10-Q filed with
      the SEC on November 1, 2022, there were 75,178,676 Shares outstanding as of October 27, 2022).</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z04f22eed54824f5db565d0ed7380e066">

        <tr>
          <td style="width: 72pt; vertical-align: top; color: #000000; font-weight: bold;">Item 4(c)</td>
          <td style="width: auto; vertical-align: top;">
            <div style="color: rgb(0, 0, 0); font-weight: bold;">Number of Shares of which such person has:</div>
          </td>
        </tr>

    </table>
    <div><font style="color: #000000;"> </font><br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="zfd435454288c496da40292458b89c308">

        <tr>
          <td style="width: 3%; vertical-align: top;">
            <div style="color: rgb(0, 0, 0);">(i)</div>
          </td>
          <td style="width: 97%; vertical-align: top;">
            <div style="color: rgb(0, 0, 0);">Sole power to vote or to direct the vote: 3,000,003</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z9a1b55ccfb474ca09976fa04952d49e5">

        <tr>
          <td style="width: 3%; vertical-align: top;">
            <div style="color: rgb(0, 0, 0);">(ii)</div>
          </td>
          <td style="width: 97%; vertical-align: top;">
            <div style="color: rgb(0, 0, 0);">Shared power to vote or to direct the vote: 0</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="zc4169d8b2ca54b7399ca692ba10bf293">

        <tr>
          <td style="width: 3%; vertical-align: top;">
            <div style="color: rgb(0, 0, 0);">(iii)</div>
          </td>
          <td style="width: 97%; vertical-align: top;">
            <div style="color: rgb(0, 0, 0);">Sole power to dispose or to direct the disposition of: 3,000,003</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 3%; vertical-align: top;">
              <div style="color: rgb(0, 0, 0);">(iv)</div>
            </td>
            <td style="width: 97%; vertical-align: top;">
              <div style="color: rgb(0, 0, 0);">Shared power to dispose or to direct the disposition of: 0</div>
            </td>
          </tr>

      </table>
      <div> <br>
      </div>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      <div class="BRPFPageHeader" style="width: 100%;">
        <div>
          <div>
            <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; width: 100%;">

                <tr>
                  <td style="width: 33.33%;">
                    <div style="text-align: left; color: #000000;">CUSIP No. G9460G101</div>
                  </td>
                  <td style="width: 33.33%;">
                    <div style="text-align: center; color: rgb(0, 0, 0);">SCHEDULE 13G</div>
                  </td>
                  <td style="width: 33.33%; text-align: right;">Page <font class="BRPFPageNumber"><font style="font-weight: bold;">4</font> of <font style="font-weight: bold;">5</font> Pages<br>
                    </font></td>
                </tr>

            </table>
          </div>
        </div>
      </div>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z71968cd5ac7d47d78a8e54a13f69dab1">

        <tr>
          <td style="width: 72pt; vertical-align: top; color: #000000; font-weight: bold;">Item 5</td>
          <td style="width: auto; vertical-align: top;">
            <div style="color: rgb(0, 0, 0); font-weight: bold;">Ownership of Five Percent or Less of a Class.</div>
          </td>
        </tr>

    </table>
    <div style="text-indent: 72pt;"><font style="color: #000000;"> </font><br>
    </div>
    <div style="color: #000000;">If this statement is being filed to report the fact that as of the date hereof the Reporting Person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following: &#9746;</div>
    <div><font style="color: #000000;"> </font><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z2c05bc8a73ef44199df48555498baa90">

        <tr>
          <td style="width: 72pt; vertical-align: top; color: #000000; font-weight: bold;">Item 6</td>
          <td style="width: auto; vertical-align: top;">
            <div style="color: rgb(0, 0, 0); font-weight: bold;">Ownership of More Than Five Percent on Behalf of Another Person.</div>
          </td>
        </tr>

    </table>
    <div style="text-indent: 72pt;"><font style="color: #000000;"> </font><br>
    </div>
    <div style="color: #000000;">The Shares reported herein are held for the benefit of various funds managed by the Reporting Person, none of which is known by the Reporting Person to have an interest of more than 5 percent of the class.</div>
    <div><font style="color: #000000;"> </font><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zbb2a122bbe294dee8e7fd882a5789675">

        <tr>
          <td style="width: 72pt; vertical-align: top; color: #000000; font-weight: bold;">Item 7</td>
          <td style="width: auto; vertical-align: top;">
            <div style="color: rgb(0, 0, 0); font-weight: bold;">Identification and Classification of the Subsidiary which Acquired the Security Being Reported On by the Parent Holding Company.</div>
          </td>
        </tr>

    </table>
    <div style="text-indent: 72pt;"><font style="color: #000000;"> </font><br>
    </div>
    <div style="color: #000000;">This Item 7 is not applicable.</div>
    <div><font style="color: #000000;"> </font><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z053b5bf799c84adca027208fa941d29e">

        <tr>
          <td style="width: 72pt; vertical-align: top; color: #000000; font-weight: bold;">Item 8</td>
          <td style="width: auto; vertical-align: top;">
            <div style="color: rgb(0, 0, 0); font-weight: bold;">Identification and Classification of Members of the Group.</div>
          </td>
        </tr>

    </table>
    <div style="text-indent: 72pt;"><font style="color: #000000;"> </font><br>
    </div>
    <div style="color: #000000;">This Item 8 is not applicable.</div>
    <div><font style="color: #000000;"> </font><br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="zf0cc2378155f424681ae82ee01823595" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;">

          <tr style="vertical-align: top;">
            <td style="vertical-align: top; width: 72pt;">
              <div style="text-align: left;"><font style="font-weight: bold; color: rgb(0, 0, 0);">Item 9</font></div>
            </td>
            <td style="vertical-align: top; width: auto;">
              <div style="text-align: left;"><font style="font-weight: bold; color: rgb(0, 0, 0);">Notice of Dissolution of Group.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="text-indent: 72pt;"><font style="color: #000000;"> </font><br>
    </div>
    <div style="color: #000000;">This Item 9 is not applicable.</div>
    <div><font style="color: #000000;"> </font><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z78b50d7cb2d445c18f5c10c33f0035e3">

        <tr>
          <td style="width: 72pt; vertical-align: top; color: #000000; font-weight: bold;">Item 10</td>
          <td style="width: auto; vertical-align: top;">
            <div style="color: rgb(0, 0, 0); font-weight: bold;">Certification.</div>
          </td>
        </tr>

    </table>
    <div style="text-indent: 36pt;"><font style="color: #000000;"> </font><br>
    </div>
    <div style="color: #000000;">By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose
      of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.</div>
    <div><br>
    </div>
    <div style="color: #000000;">By signing below I certify that, to the best of my knowledge and belief, the foreign regulatory scheme applicable to the Reporting Person as an investment manager registered with the Financial Conduct Authority of the
      United Kingdom is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s). I also undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a
      Schedule 13D.</div>
    <div style="color: #000000;"> <br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      <div class="BRPFPageHeader" style="width: 100%;">
        <div>
          <div>
            <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; width: 100%;">

                <tr>
                  <td style="width: 33.33%;">
                    <div style="text-align: left; color: #000000;">CUSIP No. G9460G101</div>
                  </td>
                  <td style="width: 33.33%;">
                    <div style="text-align: center; color: rgb(0, 0, 0);">SCHEDULE 13G</div>
                  </td>
                  <td style="width: 33.33%; text-align: right;">Page <font class="BRPFPageNumber"><font style="font-weight: bold;">5</font> of <font style="font-weight: bold;">5</font> Pages<br>
                    </font></td>
                </tr>

            </table>
          </div>
        </div>
      </div>
    </div>
    <div style="text-align: center; color: #000000; font-weight: bold;">SIGNATURE</div>
    <div><font style="color: #000000;"> </font><br>
    </div>
    <div style="text-indent: 36pt; color: #000000;">After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.</div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="color: #000000;"> </font><br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z85b8f4af42204fd381a96d245cde8ea1">

        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div style="color: rgb(0, 0, 0);">Date: January 19, 2023</div>
          </td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 47%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 47%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td colspan="2" rowspan="1" style="width: 3%; vertical-align: top;">
            <div style="color: rgb(0, 0, 0); font-weight: bold;">LODBROK CAPITAL LLP</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 47%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">
            <div style="color: rgb(0, 0, 0);">By:</div>
          </td>
          <td style="width: 47%; vertical-align: top;">
            <div style="color: rgb(0, 0, 0);"><u>/s/ Dushy Selvaratnam</u></div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td colspan="2" rowspan="1" style="width: 3%; vertical-align: top;">
            <div style="color: rgb(0, 0, 0);">Name: Dushy Selvaratnam</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td colspan="2" rowspan="1" style="width: 3%; vertical-align: top;">
            <div style="color: rgb(0, 0, 0);">Title: Partner</div>
          </td>
        </tr>

    </table>
    <div><font style="color: #000000;"> </font><br>
    </div>
    <div><br>
    </div>
    <div>
      <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
  </div>
</body>
</html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
