Hamilton, Bermuda, June [28], 2024 – In accordance with the rules of the Oslo Stock Exchange, Seadrill Limited (“Seadrill” or the “Company”) (NYSE & OSE: SDRL) announces the cancellation of 5,250,707 treasury shares acquired under the Company’s recently completed $250 million share repurchase program. Such treasury shares represent all shares acquired under such program. Seadrill also cancelled today an additional 1,556 treasury shares, which, in aggregate, constituted fractional shares not permitted to be distributed in connection with past share issuances. As a result of such cancellations, the Company now has 68,813,132 issued shares.
When taking into account the shares acquired through June 27, 2024 (not including any shares acquired on June 28), pursuant to the share repurchase program announced by the Company on June 25, 2024, the Company holds 52,116 treasury shares, equal to approximately 0.08% of the Company’s issued share count.
This information is subject of the disclosure requirements pursuant to sections 4-2 and 5-12 of the Norwegian Securities Trading Act.
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