Hamilton, Bermuda, June 3, 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 May 27, 2024 through May 31, 2024, the Company purchased a total of 148,494 shares at an average price of $51.40 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)
27-May-24 OSE 1,520 51.22 77,850
28-May-24 OSE 4,036 51.21 206,687
28-May-24 NYSE 32,814 52.10 1,709,721
29-May-24 OSE 4,673 51.91 242,578
29-May-24 NYSE 31,977 51.20 1,637,373
30-May-24 OSE 3,000 50.81 152,431
30-May-24 NYSE 33,750 51.00 1,721,172
31-May-24 OSE 5,000 50.15 250,763
31-May-24 NYSE 31,724 51.49 1,633,580
Period Total OSE 18,229 51.03 930,308
NYSE 130,265 51.45 6,701,846
Total 148,494 51.40 7,632,154
Previously Disclosed Buybacks Under the Program (Accumulated) OSE 524,332 46.52 24,390,752
NYSE 3,951,969 47.32 187,005,254
Total 4,476,301 47.23 211,396,006
Program Total OSE 542,561 46.67 25,321,060
NYSE 4,082,234 47.45 193,707,100
Total 4,624,795 47.36 219,028,160
The issuer's holding of repurchased shares: 4,624,795
Following the completion of the above transactions, the Company had repurchased a total of 4,624,795 shares, corresponding to 6.24% 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.