SDRL: Seadrill Announces Transactions Made Under the Company's Share Repurchase Program
2024-04-22 22:05:00
Hamilton, Bermuda, April 22, 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 15, 2024 through April 19, 2024, the
Company purchased a total of 189,132 shares at an average price of $50.52 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)
15-Apr-24 OSE 5,000 52.24 261,192
15-Apr-24 NYSE 31,932 51.47 1,643,550
16-Apr-24 OSE 3,000 51.17 153,496
16-Apr-24 NYSE 34,250 51.30 1,756,994
17-Apr-24 OSE 2,000 51.36 102,718
17-Apr-24 NYSE 35,750 50.63 1,810,008
18-Apr-24 OSE 3,533 50.04 176,808
18-Apr-24 NYSE 35,217 49.59 1,746,365
19-Apr-24 OSE 3,772 49.57 186,995
19-Apr-24 NYSE 34,678 49.53 1,717,549
Period Total OSE 17,305 50.92 881,208
NYSE 171,827 50.48 8,674,467
Total 189,132 50.52 9,555,675
Previously Disclosed Buybacks Under the Program
(Accumulated) OSE 432,416 45.69 19,758,046
NYSE 2,908,112 46.12 134,126,608
Total 3,340,528 46.07 153,884,654
Program Total 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
The issuer's holding of repurchased shares: 3,529,660
Following the completion of the above transactions, the Company had repurchased
a total of 3,529,660 shares, corresponding to 4.77% 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.