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Borr eyes Oslo listing

Borr Drilling reports that the company’s board of directors has decided to apply for a listing of its shares on Oslo Børs in the second half of August.

The target for the listing is to increase public awareness of the company, improve the liquidity in the trading of the shares, and prepare the company for further growth through asset acquisitions and M&A transactions, Borr said.

The first day of trading of the shares on Oslo Børs will be following the receipt of relevant approvals from Oslo Børs and approval of a prospectus by the Norwegian Financial Supervisory Authority.

It is expected that the process will be completed within Q3 2017.

In connection with the listing process there will be a call for an extraordinary AGM in order to get approval for updating the Byelaws. DNB Markets, a part of DNB Bank ASA, is acting as financial advisor to Borr Drilling in relation to the listing.