<SEC-DOCUMENT>0001140361-21-040690.txt : 20211207
<SEC-HEADER>0001140361-21-040690.hdr.sgml : 20211207
<ACCEPTANCE-DATETIME>20211207170700
ACCESSION NUMBER:		0001140361-21-040690
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20211207
FILED AS OF DATE:		20211207
DATE AS OF CHANGE:		20211207

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Borr Drilling Ltd
		CENTRAL INDEX KEY:			0001715497
		STANDARD INDUSTRIAL CLASSIFICATION:	DRILLING OIL & GAS WELLS [1381]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			D0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-39007
		FILM NUMBER:		211476727

	BUSINESS ADDRESS:	
		STREET 1:		THISTLE HOUSE
		STREET 2:		4 BURNABY STREET
		CITY:			HAMILTON HM 11
		STATE:			D0
		ZIP:			0000
		BUSINESS PHONE:		4722483000

	MAIL ADDRESS:	
		STREET 1:		THISTLE HOUSE
		STREET 2:		4 BURNABY STREET
		CITY:			HAMILTON HM 11
		STATE:			D0
		ZIP:			0000
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>brhc10031591_6k.htm
<DESCRIPTION>6-K
<TEXT>
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        <div style="text-align: center; font-size: 14pt; font-weight: bold;"> UNITED STATES<br>
        </div>
        <div style="text-align: center; font-size: 14pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
        <div style="text-align: center; font-size: 12pt; font-weight: bold;">Washington, D.C. 20549</div>
        <div>&#160;</div>
        <div>
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        <div> <br>
        </div>
        <div style="text-align: center; font-weight: bold; font-size: 18pt;">FORM 6-K</div>
        <div>
          <div>&#160;</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>
        <br>
        <div style="text-align: center; font-weight: bold;">REPORT OF FOREIGN PRIVATE ISSUER</div>
        <div style="text-align: center; font-weight: bold;">PURSUANT TO RULE 13a-16 OR 15d-16</div>
        <div style="text-align: center; font-weight: bold;">OF THE SECURITIES EXCHANGE ACT OF 1934</div>
        <div>&#160;</div>
        <div style="text-align: center; font-weight: bold;">
          <div style="font-family: 'Times New Roman',Times,serif;">December 7, 2021</div>
        </div>
        <div>&#160;</div>
        <div style="text-align: center; font-weight: bold;">Commission File Number 001-39007</div>
        <div>&#160;</div>
        <div>
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        <br>
        <div style="text-align: center; font-size: 24pt; font-weight: bold;">Borr Drilling Limited</div>
        <div>&#160;</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 style="text-align: center; font-weight: bold;">
          <div>S. E. Pearman Building</div>
        </div>
        <div style="text-align: center; font-weight: bold;">2nd Floor 9 Par-la-Ville Road</div>
        <div style="text-align: center; font-weight: bold;">Hamilton HM11</div>
        <div style="text-align: center; font-weight: bold;">Bermuda</div>
        <div style="text-align: center; font-weight: bold;">(Address of principal executive office)</div>
        <br>
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        <div> <br>
        </div>
        <div>Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.</div>
        <div>&#160;</div>
        <div style="text-align: center;">
          <table cellspacing="0" cellpadding="0" border="0" style="font-size: 10pt; color: #000000; width: 100%;">

              <tr>
                <td style="width: 48%; text-align: right;">Form 20-F&#160; &#9746;</td>
                <td style="width: 4%;"><br>
                </td>
                <td style="width: 48%;">Form 40-F&#160; &#9744;</td>
              </tr>

          </table>
          <br>
        </div>
        <div>Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.</div>
        <div>&#160;</div>
        <div style="text-align: center;">
          <table cellspacing="0" cellpadding="0" border="0" style="font-size: 10pt; color: rgb(0, 0, 0); width: 100%;">

              <tr>
                <td style="width: 48%; text-align: right;">Yes&#160; &#9744;</td>
                <td style="width: 4%;"><br>
                </td>
                <td style="width: 48%;">No&#160; &#9746;</td>
              </tr>

          </table>
          <div style="text-align: left;"><br>
          </div>
        </div>
        <div>If &#8216;&#8216;Yes&#8217;&#8217; is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):</div>
        <div><br>
        </div>
        <div>
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        </div>
        <div><u>Exhibits</u></div>
        <div>&#160;</div>
        <a href="brhc10031591_ex99-1.htm"> </a>
        <table cellspacing="0" cellpadding="0" border="0" style="font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">
          <a href="brhc10031591_ex99-1.htm"> </a>
            <tr>
              <a href="brhc10031591_ex99-1.htm"> </a><td style="width: 5%; vertical-align: top;"><a href="brhc10031591_ex99-1.htm"> </a>
                <div><a href="brhc10031591_ex99-1.htm">99.1</a></div>
              </td>
              <td style="width: 95%; vertical-align: top;">
                <div>Press Release</div>
              </td>
            </tr>

        </table>
        <div>&#160;</div>
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        <div style="text-align: center; font-weight: bold;">&#160;SIGNATURES</div>
        <div>&#160;</div>
        <div>Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</div>
        <div>&#160;</div>
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              <td style="width: 50%; vertical-align: top;">
                <div>&#160;</div>
              </td>
              <td colspan="2" style="vertical-align: top;">
                <div style="font-weight: bold;">BORR DRILLING LIMITED</div>
              </td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: middle;">&#160;</td>
              <td style="width: 5%; vertical-align: middle;">&#160;</td>
              <td style="width: 45%; vertical-align: middle;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top; padding-bottom: 2px;">
                <div>Date: December 7, 2021</div>
              </td>
              <td style="width: 5%; vertical-align: top; padding-bottom: 2px;">
                <div>By:</div>
              </td>
              <td style="width: 45%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                <div>/s/ Georgina Sousa<br>
                </div>
              </td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top;">
                <div>&#160;</div>
              </td>
              <td style="width: 5%; vertical-align: top;">
                <div>Name:</div>
              </td>
              <td style="width: 45%; vertical-align: top;">
                <div>Georgina Sousa</div>
              </td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top;">
                <div>&#160;</div>
              </td>
              <td style="width: 5%; vertical-align: top;">
                <div>Title:</div>
              </td>
              <td style="width: 45%; vertical-align: top;">
                <div>Director</div>
              </td>
            </tr>

        </table>
        <div><br>
        </div>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>brhc10031591_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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  <div style="text-align: right;"><font style="font-weight: bold;">Exhibit 99.1</font><br>
  </div>
  <div><font style="font-weight: bold;"> <br>
    </font></div>
  <div>
    <div style="font-family: 'Times New Roman', Times, serif; font-weight: bold;">Borr Drilling Limited &#8211; Reverse share split</div>
    <div><br>
    </div>
    <div style="font-family: 'Times New Roman', Times, serif;">December 7, 2021 - Borr Drilling Limited (the &#8220;Company&#8221;) refers to the announcement issued June 29, 2021 regarding the notice from the New York Stock Exchange
      (&#8220;NYSE&#8221;) that the Company was not in compliance with the NYSE continued listing standard as the average closing price of its common shares had fallen below $1.00 per share over a period of 30 consecutive trading days.</div>
    <div><br>
    </div>
    <div style="font-family: 'Times New Roman', Times, serif;">Today, the Company announces that its Board of Directors has approved a 2-to-1 reverse share split of the Company&#8217;s shares (the &#8220;Reverse Split&#8221;) in order to
      cure this non-compliance.</div>
    <div><br>
    </div>
    <div style="font-family: 'Times New Roman', Times, serif;">Upon effectiveness of the Reverse Split, every two shares of the Company&#8217;s issued and outstanding common shares, par value USD 0.05 per share, will be
      automatically combined into one issued and outstanding common share, par value USD 0.10 per share. The current issued and outstanding shares of 274,436,351 will be consolidated into approximately 137,218,176 shares (subject to adjustment for
      fractional shares), and the share capital will remain identical to the pre-Reverse Split amount of $13,721,817.55.</div>
    <div><br>
    </div>
    <div style="font-family: 'Times New Roman', Times, serif;">The last trading day before the effective date (last day including rights) will be on December 13, 2021 (T). Trading on a Reverse Split adjusted basis
      (ex-date) will be on December 14, 2021 (T+1). The record date will be December 15, 2021 (T+2). The new ISIN number for the common shares after the Reverse Split is BMG1466R1732.</div>
    <div><br>
    </div>
    <div style="font-family: 'Times New Roman', Times, serif;">Shareholders who would otherwise hold a fractional share of the Company&#8217;s common shares in connection with the Reverse Split will receive cash payment equal
      to the closing price per share for the Company&#8217;s shares on OSE and NYSE, respectively, on the last trading day prior to the ex-date for the Reverse Split. The cash payment is expected to be made to eligible shareholders during the week starting
      January 3, 2022.</div>
    <div><br>
    </div>
    <div style="font-family: 'Times New Roman', Times, serif;">The Company&#8217;s Senior Unsecured Convertible Notes 2018/2023 conversion price will change from USD 31.7946 per share to USD 63.5892 per share as a result of the
      Reverse Split.</div>
    <div><br>
    </div>
    <div style="font-family: 'Times New Roman', Times, serif;">December 7, 2021</div>
    <div><br>
    </div>
    <div style="font-family: 'Times New Roman', Times, serif;">The Board of Directors</div>
    <div><br>
    </div>
    <div style="font-family: 'Times New Roman', Times, serif;">Borr Drilling Limited</div>
    <div><br>
    </div>
    <div style="font-family: 'Times New Roman', Times, serif;">Hamilton, Bermuda</div>
    <div><br>
    </div>
    <div style="font-family: 'Times New Roman', Times, serif;">This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.</div>
    <div><br>
    </div>
    <div style="font-family: 'Times New Roman', Times, serif; font-weight: bold;">Forward-Looking Statements</div>
    <div>&#160;</div>
    <div style="font-family: 'Times New Roman', Times, serif;">This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. including statements about
      the reverse share split, including timing of relevant dates for implementation of the reverse share split and other information relating to the share split and the adjustment to the conversion price of the convertible bonds and other non-historical
      matters. These forward-looking statements are subject to significant risks, uncertainties, contingencies and factors that may cause actual results or achievements to be materially different from those expressed or implied by the forward-looking
      statements including risks related to the implementation of the reverse share split and other risks described in our most recent Annual Report on Form 20-F and other filings with the US Securities and Exchange Commission. The forward-looking
      statements made in this press release speak only as of the date of this press release. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future
      events or otherwise, after the date hereof or to reflect the occurrence of unanticipated events.</div>
    <div><br>
    </div>
    <div><br>
    </div>
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