Hamilton, Bermuda, November 27, 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 November 20 through November 24, 2023,
Seadrill purchased a total of 321,586 shares at an average price of $42.58 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 Weighted average Total daily
Venue daily share price (USD) transaction value
volume (USD)
(number of
shares)
20 Nov. 2023 OSE 18,055 43.53 785,988
20 Nov. 2023 NYSE 75,637 43.10 3,260,106
21 Nov. 2023 OSE 13,623 42.58 580,100
21 Nov. 2023 NYSE 57,727 41.99 2,423,784
22 Nov. 2023 OSE 19,758 41.23 814,626
22 Nov. 2023 NYSE 46,850 41.56 1,946,969
23 Nov. 2023 OSE 9,715 42.15 409,480
24 Nov. 2023 OSE 13,987 43.27 605,254
24 Nov. 2023 NYSE 66,234 43.29 2,866,972
Period total OSE 75,138 42.53 3,195,448
NYSE 246,448 42.60 10,497,830
Total 321,586 42.58 13,693,278
Previously OSE 597,982 42.95 25,684,146
disclosed
totals
(accumulated)
NYSE 4,062,715 42.75 173,687,724
Total 4,660,697 42.78 199,371,870
Program total OSE 673,120 42.90 28,879,594
NYSE 4,309,163 42.74 184,185,554
Total 4,982,283 42.76 213,065,148
The issuer's holding of own shares: 4,982,283
Following the completion of the above transactions, Seadrill Limited owned a
total of 4,982,283 of its own shares, corresponding to 6.24% 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
Benjamin Wiseman
Corporate Finance Manager & Investor Relations
T: +44 786 713 9312
E: benjamin.wiseman@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.