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 August 12, 2024, through August 16, 2024, the
Company purchased a total of 397,500 shares at an average price of $44.92 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)
12 AUG 2024 OSE - - -
12 AUG 2024 NYSE 79,500 45.43 3,611,772
13 AUG 2024 OSE - - -
13 AUG 2024 NYSE 79,500 44.65 3,549,874
14 AUG 2024 OSE - - -
14 AUG 2024 NYSE 79,500 44.52 3,539,666
15 AUG 2024 OSE - - -
15 AUG 2024 NYSE 79,500 44.99 3,577,436
16 AUG 2024 OSE - - -
16 AUG 2024 NYSE 79,500 44.99 3,576,585
Period total OSE - - -
NYSE 397,500 44.92 17,855,334
Total 397,500 44.92 17,855,334
Previously disclosed totals (accumulated) OSE 28,315 49.85 1,411,628
NYSE 1,737,685 50.37 87,534,443
Total 1,766,000 50.37 88,946,071
Program total OSE 28,315 49.85 1,411,628
NYSE 2,135,185 49.36 105,389,777
Total 2,163,500 49.37 106,801,405
The issuer's holding of repurchased shares: 2,163,500
Following the completion of the above transactions, the Company has repurchased
a total of 2,163,500 of its own shares, corresponding to 3.14% 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
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