Borr Drilling Limited Regains Compliance with NYSE Continued Listing Standard

February 25, 2021 7:39 PM EST

News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.

OSLO, Norway, Feb. 25, 2021 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE and OSE: BORR), refers to its announcement on September 7, 2020 regarding the written notice received from the New York Stock Exchange (the "NYSE") that the Company was not in compliance with the NYSE continued listing standard with respect to the minimum average share price required by the NYSE (the "Continued Listing Standard") because the average closing price of its common shares had fallen below $1.00 per share over a period of 30 consecutive trading days.

The Company has today received a letter from the NYSE, confirming that the Company's average stock price for the 30 trading day period ended February 25, 2021 was above the NYSE's minimum requirement of $1.00. Accordingly, the Company has regained compliance with the Continued Listing Standard.

Hamilton, Bermuda, February 25, 2021

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

This information was brought to you by Cision,c3296458

Cision View original content:

SOURCE Borr Drilling Limited

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

PRNewswire, Press Releases