Hamilton, Bermuda, August 5, 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 29, 2024, through August 2, 2024, the
Company purchased a total of 327,345 shares at an average price of $51.77 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)
29 JUL 2024
OSE
400
55.29
22,114
29 JUL 2024
NYSE
42,000
53.84
2,261,422
30 JUL 2024
OSE
600
53.95
32,368
30 JUL 2024
NYSE
17,000
53.19
904,347
31 JUL 2024
OSE
400
54.91
21,965
31 JUL 2024
NYSE
11,000
55.18
607,072
01 AUG 2024
OSE
295
55.42
16,350
01 AUG 2024
NYSE
113,000
52.63
5,947,834
02 AUG 2024
OSE
650
51.98
33,788
02 AUG 2024
NYSE
142,000
50.00
7,100,028
Period total
OSE
2,345
53.98
126,585
NYSE
325,000
51.75
16,820,703
Total
327,345
51.77
16,947,288
Previously disclosed totals (accumulated)
OSE
15,670
52.05
815,677
NYSE
907,685
52.63
47,771,906
Total
923,355
52.62
48,587,583
Program total
OSE
18,015
52.30
942,262
NYSE
1,232,685
52.40
64,592,609
Total
1,250,700
52.40
65,534,871
The issuer's holding of repurchased shares: 1,250,700
Following the completion of the above transactions, the Company has repurchased
a total of 1,250,700 of its own shares, corresponding to 1.82% 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