Seadrill Limited: Seadrill Announces Transactions Made Under the Company's Share Repurchase Program
Hamilton, Bermuda, December 4, 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 November 27 through December 1, 2023, Seadrill purchased a total of 724,037 shares at an average price of $44.43 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)
27 Nov. 2023 OSE 10,772 43.14 464,669
27 Nov. 2023 NYSE 73,217 42.49 3,110,661
28 Nov. 2023 OSE 20,564 44.92 923,782
28 Nov. 2023 NYSE 150,207 44.97 6,754,133
29 Nov. 2023 OSE 21,000 45.16 948,342
29 Nov. 2023 NYSE 103,474 44.90 4,646,003
30 Nov. 2023 OSE 21,400 44.45 951,138
30 Nov. 2023 NYSE 178,768 44.48 7,951,779
1 Dec. 2023 OSE 10,775 44.71 481,769
1 Dec. 2023 NYSE 133,860 44.33 5,934,174
Period total OSE 84,511 44.61 3,769,700
NYSE 639,526 44.40 28,396,751
Total 724,037 44.43 32,166,451
Previously disclosed OSE 673,120 42.90 28,879,594
totals (accumulated)
NYSE 4,309,163 42.74 184,185,554
Total 4,982,283 42.76 213,065,148
Program total OSE 757,631 43.09 32,649,294
NYSE 4,948,689 42.96 212,582,305
Total 5,706,320 42.98 245,231,599
The issuer's holding
of own shares:
5,706,320
Following the
completion of the
above transactions,
Seadrill Limited
owned a total of
5,706,320 of its own
shares,
corresponding to
7.14% 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
Benjamin Wiseman
Corporate Finance Manager & Investor Relations
T: +44 786 713 9312
E: benjamin.wiseman@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.