Seadrill Announces Transactions Made Under the Company's Share Repurchase
Program
Hamilton, Bermuda, October 30, 2023 - Seadrill Limited ("Seadrill" or the
"Company") (NYSE & OSE: SDRL) initiated a share repurchase program September 12,
2023 to repurchase up to $250 million of the Company's common shares in open
market transactions on the OSE and NYSE through March 31, 2024 pursuant to an
agreement with Arctic Securities AS and its subsidiary, Arctic Securities LLC
("Arctic").
For the period from and including October 23 through 27, 2023, Seadrill
purchased a total of 560,688 shares at an average price of $40.45 per share. The
transactions effected through the agreement with Arctic comprise all the
transactions effected by or on behalf of Seadrill Limited during the period.
Transaction overview
Date Trading Aggregated daily Weighted average Total daily
Venue volume (number of share price (USD) transaction
shares) value (USD)
23 Oct. 2023 OSE 12,798 40.26 515,225
23 Oct. 2023 NYSE 89,392 40.54 3,624,104
24 Oct. 2023 OSE 12,058 40.47 487,938
24 Oct. 2023 NYSE 83,859 41.33 3,465,976
25 Oct. 2023 OSE 13,859 40.88 566,581
25 Oct. 2023 NYSE 128,106 40.47 5,184,373
26 Oct. 2023 OSE 15,548 40.11 623,639
26 Oct. 2023 NYSE 83,736 39.97 3,347,179
27 Oct. 2023 OSE 15,127 39.83 602,541
27 Oct. 2023 NYSE 106,205 40.11 4,260,159
Period total OSE 69,390 40.29 2,795,923
NYSE 491,298 40.47 19,881,791
Total 560,688 40.45 22,677,714
Previously disclosed OSE 332,563 44.74 14,879,323
totals (accumulated)
NYSE 2,398,524 44.19 105,993,877
Total 2,731,087 44.26 120,873,200
Program total OSE 401,953 43.97 17,675,246
NYSE 2,889,822 43.56 125,875,668
Total 3,291,775 43.61 143,550,914
The issuer's holding
of own shares:
3,291,775
Following the
completion of the
above transactions,
Seadrill Limited
owned a total of
3,291,775 of its own
shares,
corresponding to
4.12% of Seadrill
Limited's share
capital.
Appendix:
An overview of all
transactions made
under the Company's
repurchase program
and its agreement
with Arctic
Securities 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
T: +1 (832) 252-7064
E: lydia.mabry@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.