SDRL: Seadrill Announces Transactions Made Under the Company's Share Repurchase Program
2024-05-06 22:05:00
Hamilton, Bermuda, May 6, 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 29, 2024 through May 3, 2024, the
Company purchased a total of 196,485 shares at an average price of $49.15 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)
29-Apr-24 OSE 3,000 50.06 150,182
29-Apr-24 NYSE 35,450 50.47 1,789,204
30-Apr-24 OSE 4,000 49.72 198,894
30-Apr-24 NYSE 34,885 48.85 1,704,049
1-May-24 NYSE 40,500 48.30 1,956,016
2-May-24 OSE 5,609 47.35 265,588
2-May-24 NYSE 34,391 48.79 1,677,947
3-May-24 OSE 4,473 48.91 218,789
3-May-24 NYSE 34,177 49.65 1,696,745
Period Total OSE 17,082 48.79 833,452
NYSE 179,403 49.19 8,823,961
Total 196,485 49.15 9,657,413
Previously Disclosed Buybacks Under the Program
(Accumulated) 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
Program Total OSE 479,964 46.10 22,126,708
NYSE 3,438,331 46.70 160,585,353
Total 3,918,295 46.63 182,712,061
The issuer's holding of repurchased shares: 3,918,295
Following the completion of the above transactions, the Company had repurchased
a total of 3,918,295 shares, corresponding to 5.29% 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.