Hamilton, Bermuda, October 9, 2023 - Seadrill Limited ("Seadrill" or the
"Company") (NYSE & OSE: SDRL) initiated a share repurchase program September 12,
2023 to repurchase up to $250 million of the Company's common shares in open
market transactions on the OSE and NYSE through March 31, 2024 pursuant to an
agreement with Arctic Securities AS and its subsidiary, Arctic Securities LLC
("Arctic").
For the period from and including October 2 through October 6, 2023, Seadrill
purchased a total of 577,384 shares at an average price of $42.92 per share. The
transactions effected through the agreement with Arctic comprise all the
transactions effected by or on behalf of Seadrill Limited during the period.
Transaction overview
Date Trading Aggregated daily Weighted average Total daily
Venue volume (number of share price (USD) transaction
shares) value (USD)
2 Oct. 2023 OSE 10,299 44.73 460,628
2 Oct. 2023 NYSE 86,277 44.39 3,829,577
3 Oct. 2023 OSE 12,316 43.67 537,787
3 Oct. 2023 NYSE 95,000 43.81 4,161,532
4 Oct. 2023 OSE 5,467 43.05 235,330
4 Oct. 2023 NYSE 49,000 42.83 2,098,690
5 Oct. 2023 OSE 6,865 42.67 292,930
5 Oct. 2023 NYSE 160,000 42.23 6,757,536
6 Oct. 2023 OSE 15,548 42.18 655,747
6 Oct. 2023 NYSE 136,612 42.10 5,751,324
Period total OSE 50,495 43.22 2,182,422
NYSE 526,889 42.89 22,598,659
Total 577,384 42.92 24,781,081
Previously disclosed OSE 160,891 46.65 7,504,831
totals (accumulated)
NYSE 983,078 46.56 45,776,322
Total 1,143,969 46.58 53,281,153
Program total OSE 211,386 45.83 9,687,253
NYSE 1,509,967 45.28 68,374,981
Total 1,721,353 45.35 78,062,234
The issuer's holding
of own shares:
1,721,353
Following the
completion of the
above transactions,
Seadrill Limited
owned a total of
1,721,353 of its own
shares,
corresponding to
2.16% of Seadrill
Limited's share
capital.
Appendix:
An overview of all
transactions made
under the Company's
repurchase program
and its agreement
with Arctic
Securities that have
been carried out
during the above
-mentioned time
period is attached
to this report and
available at
www.newsweb.no.
Contact information
Lydia Brantley Mabry
Director of Investor Relations
T: +1 (832) 252-7064
E: lydia.mabry@seadrill.com
About Seadrill Limited
Seadrill is a leading offshore drilling contractor utilizing advanced technology
to unlock oil and gas resources for clients across harsh and benign locations
around the globe. Seadrill's high-quality, technologically-advanced fleet spans
all asset classes allowing its experienced crews to conduct operations across
geographies, from shallow to ultra-deepwater environments.