SC 13G: Valaris Ltd
Ticker: VAL-WT · Form: SC 13G · Filed: Feb 14, 2024 · CIK: 314808
Sentiment: neutral
Topics: sc-13g
AI Summary
SC 13G filing by Valaris Ltd.
Risk Assessment
Risk Level: low
Filing Stats: 1,531 words · 6 min read · ~5 pages · Grade level 11.2 · Accepted 2024-02-14 13:31:52
Key Financial Figures
- $0.01 — s Ltd (Name of Issuer) Common Shares, $0.01 par value (Title of Class of Securitie
Filing Documents
- val_21424.htm (SC 13G) — 29KB
- 0001085146-24-001384.txt ( ) — 31KB
(a)
ITEM 1(a). NAME OF ISSUER: Valaris Ltd
(b)
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: CLARENDON HOUSE, 2 CHURCH STREET, HAMILTON, Bermuda, HM 11
(a)
ITEM 2(a). NAME OF PERSON FILING: Orbis Investment Management Limited ("OIML")
(b)
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: Orbis House, 25 Front Street, Hamilton, Bermuda HM11
(c)
ITEM 2(c). CITIZENSHIP: OIML is a company organized under the laws of Bermuda.
(d)
ITEM 2(d). TITLE OF CLASS OF SECURITIES: Common Shares, $0.01 par value
(e)
ITEM 2(e). CUSIP NUMBER: G9460G101 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SECTION 240.13d-1(b), or 13d-2(b) or (c) CHECK WHETHER THE PERSON FILING IS A: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78c); (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c); (c) [ ] Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c); (d) [ ] Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8); (e) [ ] An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [X] A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J); (k) [ ] Group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d1(b)(1)(ii)(J), please specify the type of institution: Equivalent to IA ITEM 4. (a) Amount beneficially owned: 5,762,092 (b) Percent of class: 7.9% (c) Number of shares as to which the person has: (i) sole power to vote or to direct the vote: 5,762,092 (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or direct the disposition of: 5,762,092 (iv) shared power to dispose or to direct the disposition of: 0 ITEM 5. 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 c