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

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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