Seadrill Ltd.

15/07/2024 | Press release | Distributed by Public on 15/07/2024 20:14

Seadrill Announces Transactions Made Under the Company’s Share Repurchase Program Form 6 K

Document

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
____________________________

FORM 6-K
____________________________

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of July 2024

Commission File Number 001-39327
____________________________

SEADRILL LIMITED
(Exact name of Registrant as specified in its Charter)
____________________________

Park Place
55 Par-la-Ville Road
Hamilton HM 11 Bermuda
(Address of principal executive office)
____________________________

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐




Seadrill Announces Transactions Made Under the Company's Share Repurchase Program
Hamilton, Bermuda, July 15, 2024 - Seadrill Limited ("Seadrill" or the "Company") (NYSE & OSE: SDRL) initiated a share repurchase program June 26, 2024 to repurchase up to $200 million of the Company's common shares in open market transactions on the OSE and NYSE through September 25, 2024 until no later than September 30, 2025 pursuant to an agreement with DNB Markets ("DNB").
For the period from and including July 8, 2024, through July 12, 2024, the Company purchased a total of 188,500 shares at an average price of $51.36 per share. The transactions effected through the agreement with DNB comprise all the transactions effected by or on behalf of the Company during the period.
Transaction overview
Date Trading Venue Volume Weighted Average Share Price (USD) Total Daily Transaction Value (USD)
8 JUL 2024 OSE 800 51.48 41,182
8 JUL 2024 NYSE 85,000 51.14 4,346,960
9 JUL 2024 OSE 700 51.00 35,699
9 JUL 2024 NYSE 25,000 50.54 1,263,438
10 JUL 2024 OSE 700 50.63 35,438
10 JUL 2024 NYSE 25,000 50.60 1,265,020
11 JUL 2024 OSE 650 51.14 33,240
11 JUL 2024 NYSE 25,000 51.97 1,299,338
12 JUL 2024 OSE 650 52.58 34,180
12 JUL 2024 NYSE 25,000 53.05 1,326,353
Period total OSE 3,500 51.35 179,740
NYSE 185,000 51.36 9,501,107
Total 188,500 51.36 9,680,847
Previously disclosed totals (accumulated) OSE 6,600 51.13 337,481
NYSE 321,118 51.13 16,418,132
Total 327,718 51.13 16,755,613
Program total OSE 10,100 51.21 517,221
NYSE 506,118 51.21 25,919,239
Total 516,218 51.21 26,436,459
The issuer's holding of repurchased shares: 516,218
Following the completion of the above transactions, the Company has repurchased a total of 516,218 of its own shares, corresponding to 0.76% of the Company's total issued share count.
Appendix:
An overview of all transactions made under the Company's repurchase program and its agreement with DNB that have been carried out during the above-mentioned period is attached to this report and available at www.newsweb.no.
About Seadrill Limited
Seadrill is setting the standard in deepwater oil and gas drilling. With its modern fleet, experienced crews, and advanced technologies, Seadrill safely, efficiently, and responsibly unlocks oil and gas resources for national, integrated, and independent oil companies. For further information, visit www.seadrill.com.
Contact
Lydia Brantley Mabry
Director of Investor Relations


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

SEADRILL LIMITED
Date: July 15, 2024
By:
/s/ Grant Creed
Name: Grant Creed
Title: Chief Financial Officer

THIS REPORT ON FORM 6-K IS HEREBY INCORPORATED BY REFERENCE INTO (I) THE REGISTRATION STATEMENT ON FORM F-3 (NO. 333-271916) ORIGINALLY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON MAY 15, 2023 AND (II) THE REGISTRATION STATEMENT ON FORM S-8 (NO. 333-276710) ORIGINALLY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON JANUARY 26, 2024.