#Bermuda #Hamilton #Borr Drilling #AGM 2026

Borr Drilling Limited Holds Annual General Meeting in Bermuda

On May 20, 2026, Borr Drilling Limited conducted its Annual General Meeting (AGM) at the S.E. Pearman Building located on Par-la-Ville Road in Hamilton, Bermuda. The company presented its audited consolidated financial statements for the fiscal year that concluded on December 31, 2025, outlining critical developments and resolutions passed during the meeting.

Key Resolutions Passed

During the AGM, several important resolutions aimed at enhancing governance and operational efficiency were approved. One pivotal resolution involved capping the maximum number of Directors at eight, which is a strategic move designed to streamline decision-making processes within the board.

Moreover, the meeting also saw the re-elections of the following Directors:

• - Patrick Schorn
• - Daniel W. Rabun
• - Tor Olav Trøim
• - Alexandra Kate Blankenship
• - Neil J. Glass
• - Mi Hong Yoon
• - Jeffrey R. Currie
• - Thiago Mordehachvili

These re-elections underline the company's commitment to maintaining experienced leadership, crucial for navigating the complexities of the drilling sector.

Auditor Re-appointment and Remuneration

In a move to assure quality oversight, shareholders voted to reappoint PricewaterhouseCoopers LLP as the company's independent auditors. The board was also authorized to determine the auditors' remuneration, ensuring that the firm can properly allocate resources for thorough audits.

Director Remuneration Approved

Alongside these strategic decisions, the AGM approved a total remuneration for the Board of Directors not to exceed $1,600,000 for the fiscal year ending December 31, 2026. This allocation reflects Borr Drilling's dedication to compensating its leaders in line with market standards while incentivizing high performance.

Conclusion

Borr Drilling Limited’s 2026 AGM stood as a pivotal moment for reinforcing the company’s governance structure and strategic direction. With the re-elected board members, Borr is poised to continue its focus on operational excellence and maintaining financial integrity as it navigates the evolving drilling industry landscape. Investors and stakeholders now look to the company as it undertakes its initiatives based on the outcomes of this important meeting.

For any inquiries regarding the AGM outcomes or other company-related matters, stakeholders can contact Magnus Vaaler, CFO, at +44 1224 289208.