SC 13G/A: Valaris Ltd
Ticker: VAL-WT · Form: SC 13G/A · Filed: Nov 14, 2024 · CIK: 314808
Sentiment: neutral
Topics: sc-13g-a
AI Summary
SC 13G/A filing by Valaris Ltd.
Risk Assessment
Risk Level: low
Filing Stats: 1,081 words · 4 min read · ~4 pages · Grade level 9.1 · Accepted 2024-11-14 14:10:27
Key Financial Figures
- $0.01 — s Ltd (Name of Issuer) Common Shares, $0.01 par value (Title of Class of Securitie
Filing Documents
- vala1_111424.htm (SC 13G/A) — 26KB
- 0001085146-24-005874.txt ( ) — 28KB
(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. The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4. (a) Amount beneficially owned: 5,172,821 (b) Percent of class: 7.1% (c) Number of shares as to which the person has: (i) sole power to vote or to direct the vote: 5,172,821 (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or direct the disposition of: 5,172,821 (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