Hamilton, Bermuda, April 29, 2024 - Seadrill Limited (“Seadrill” or the “Company”) (NYSE & OSE: SDRL) initiated a share repurchase program December 14, 2023 to repurchase up to $250 million of the Company’s common shares in open market transactions on the OSE and NYSE until no later than September 30, 2024 pursuant to an agreement with Fearnley Securities AS and its subsidiary, Fearnley Securities, Inc. ("Fearnley").
For the period from and including April 22, 2024 through April 26, 2024, the Company purchased a total of 192,150 shares at an average price of $50.04 per share. The transactions effected through the agreement with Fearnley 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)
22-Apr-24 OSE 4,000 49.26 197,040
22-Apr-24 NYSE 34,350 50.24 1,725,593
23-Apr-24 OSE 575 49.77 28,618
23-Apr-24 NYSE 36,975 50.81 1,878,774
24-Apr-24 OSE 2,500 50.06 125,154
24-Apr-24 NYSE 36,250 49.82 1,805,812
25-Apr-24 OSE 2,086 50.13 104,579
25-Apr-24 NYSE 36,664 49.32 1,808,195
26-Apr-24 OSE 4,000 49.65 198,612
26-Apr-24 NYSE 34,750 50.13 1,741,945
Period Total OSE 13,161 49.69 654,001
NYSE 178,989 50.06 8,960,318
Total 192,150 50.04 9,614,320
Previously Disclosed Buybacks Under the Program (Accumulated) OSE 449,721 45.89 20,639,254
NYSE 3,079,939 46.36 142,801,074
Total 3,529,660 46.30 163,440,329
Program Total OSE 462,882 46.00 21,293,256
NYSE 3,258,928 46.57 151,761,392
Total 3,721,810 46.50 173,054,648
The issuer's holding of repurchased shares: 3,721,810
Following the completion of the above transactions, the Company had repurchased a total of 3,721,810 shares, corresponding to 5.03% 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 Fearnley 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
ir@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.