Lodbrok Publishes Letter to Valaris’ (VAL) Board of Directors

Go back to Lodbrok Publishes Letter to Valaris’ (VAL) Board of Directors

Lodbrok Publishes Letter to Valaris’ Board of Directors

May 30, 2023 7:57 AM EDT

LONDON--(BUSINESS WIRE)--  

Valaris Limited (Valaris)
5847 San Felipe
Suite 3300
Houston, TX 77057

Attn: The Directors

30 May 2023

Dear Directors,

Lodbrok Capital LLP (Lodbrok) has been a long-term investor in Valaris (NYSE: VAL) since our inception in 2017, with funds and accounts managed or advised by Lodbrok holding more than 3% of the shares in Valaris. We served on the investor committee in the recent financial restructuring, during which we supported the business with new capital at a challenging time. Our history with Valaris makes us one of the longest-standing... More