Hamilton, Bermuda, Aug 12, 2024 - Seadrill Limited ("Seadrill" or the "Company")
(NYSE & OSE: SDRL) initiated a share repurchase program June 26, 2024 to
repurchase up to $200 million of the Company's common shares in open market
transactions on the OSE and NYSE through September 25, 2024 until no later than
September 30, 2025 pursuant to an agreement with DNB Markets ("DNB").
For the period from and including August 5, 2024, through August 9, 2024, the
Company purchased a total of 515,300 shares at an average price of $45.43 per
share. The transactions effected through the agreement with DNB 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)
05 AUG 2024 OSE 1,350 47.64 64,314
05 AUG 2024 NYSE 101,000 47.04 4,751,130
06 AUG 2024 OSE 1,400 46.68 65,357
06 AUG 2024 NYSE 126,000 45.40 5,720,765
07 AUG 2024 OSE 1,450 46.25 67,061
07 AUG 2024 NYSE 66,000 45.00 2,969,993
08 AUG 2024 OSE 3,000 44.25 132,744
08 AUG 2024 NYSE 66,000 45.08 2,975,511
09 AUG 2024 OSE 3,100 45.12 139,890
09 AUG 2024 NYSE 146,000 44.68 6,524,433
Period total OSE 10,300 45.57 469,366
NYSE 505,000 45.43 22,941,834
Total 515,300 45.43 23,411,200
Previously disclosed totals (accumulated) OSE 18,015 52.30 942,262
NYSE 1,232,685 52.40 64,592,609
Total 1,250,700 52.40 65,534,871
Program total OSE 28,315 49.85 1,411,628
NYSE 1,737,685 50.37 87,534,443
Total 1,766,000 50.37 88,946,071
The issuer's holding of repurchased shares: 1,766,000
Following the completion of the above transactions, the Company has repurchased
a total of 1,766,000 of its own shares, corresponding to 2.57% 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 DNB that have been carried out during the above-mentioned
period is attached to this report and available at www.newsweb.no.
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