SC 13G/A: Borr Drilling Ltd
Ticker: BORR · Form: SC 13G/A · Filed: Nov 13, 2024 · CIK: 1715497
Sentiment: neutral
Topics: sc-13g-a
AI Summary
SC 13G/A filing by Borr Drilling Ltd.
Risk Assessment
Risk Level: low
Filing Stats: 932 words · 4 min read · ~3 pages · Grade level 7.1 · Accepted 2024-11-13 12:35:21
Key Financial Figures
- $0.10 — ame of Issuer) Common Stock, par value $0.10 per share (Title of Class of Securitie
Filing Documents
- sc13ga2.htm (SC 13G/A) — 49KB
- 0001341004-24-000201.txt ( ) — 51KB
From the Filing
SC 13G/A 1 sc13ga2.htm SCHEDULE 13G, AMENDMENT NO. 2 CUSIP No. G1466R207 Page 2 of 5 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 2)* Borr Drilling Ltd. (Name of Issuer) Common Stock, par value $0.10 per share (Title of Class of Securities) G1466R207 (CUSIP Number) September 30, 2024 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this schedule is filed: Rule 13d-1(b) Rule 13d-1(c) Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. G1466R207 Page 2 of 5 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Folketrygdfondet 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) (b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Norway NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 13,500,440 Common Shares 6 SHARED VOTING POWER 0 7 SOLE DISPOSITIVE POWER 13,500,440 Common Shares 8 SHARED DISPOSITIVE POWER 0 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 13,500,440 Common Shares 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions) 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.1% (1) 12 TYPE OF REPORTING PERSON OO (1) Based on 264,080,391 shares outstanding as of August 14, 2024, as reported on Form 6-K submitted by the Issuer to the Securities and Exchange Commission on August 15, 2024. CUSIP No. G1466R207 Page 3 of 5 Item 1. (a) Name of Issuer: Borr Drilling Ltd. (b) Address of Issuer's Principal Executive Offices: S. E. Pearman Building 2nd Floor 9 Par-la-Ville Road Hamilton, HM 11, Bermuda Item 2. (a) Name of Person Filing: Folketrygdfondet (b) Address of Principal Business Office: Haakon VII's Gate 2 P.O. Box 1845 Vika 0123 Oslo Norway (c) Citizenship: Norway (d) Title of Class of Securities: Common Shares (e) CUSIP Number: G1466R207 Item 3. If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: Not applicable. (a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (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 association 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) A non-U.S. institution in accordance with 240.13d–1(b)(1)(ii)(J); CUSIP No. G1466R207 Page 4 of 5 (k) Group, in accordance with 240.13d–1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d–1(b)(1)(ii)(J), please specify the type of institution:__________________________. Item 4. (a) Amount beneficially owned: 13,500,440 Common Shares (b) Percent of class: 5.1% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote 13,500,440 (ii) Shared power to vote or to direct the vote 0 (iii) Sole power to dispose or to direct the disposition of 13,500,440 (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 class of securities, check the following Item 6. Not applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. Not applicable. Item 8. Identification and Classification of Members of the Group. Not applicable. Item 9. Notice of Dissolution of a Group. Not applicable. Item 10. Certification.