Hamilton, Bermuda, July 22, 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 15, 2024, through July 19, 2024, the
Company purchased a total of 248,750 shares at an average price of $54.17 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)
15 JUL 2024 OSE 650 53.28 34,629
15 JUL 2024 NYSE 80,000 54.67 4,373,464
16 JUL 2024 OSE 650 53.67 34,885
16 JUL 2024 NYSE 60,000 54.53 3,272,064
17 JUL 2024 OSE 400 54.21 21,685
17 JUL 2024 NYSE 62,000 53.77 3,333,641
18 JUL 2024 OSE 400 53.55 21,421
18 JUL 2024 NYSE 22,000 53.65 1,180,223
19 JUL 2024 OSE 650 53.20 34,577
19 JUL 2024 NYSE 22,000 53.14 1,168,996
Period total OSE 2,750 53.53 147,197
NYSE 246,000 54.18 13,328,388
Total 248,750 54.17 13,475,585
Previously disclosed totals (accumulated) OSE 10,100 51.21 517,221
NYSE 506,118 51.21 25,919,239
Total 516,218 51.21 26,436,459
Program total OSE 12,850 51.71 664,418
NYSE 752,118 52.18 39,247,627
Total 764,968 52.17 39,912,045
The issuer's holding of repurchased shares: 764,968
Following the completion of the above transactions, the Company has repurchased
a total of 764,968 of its own shares, corresponding to 1.11% 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
ir@seadrill.com