Hamilton, Bermuda, August 26, 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 19, 2024, through August 23, 2024, the
Company purchased a total of 436,974 shares at an average price of $43.33 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)
19 AUG 2024 OSE - - -
19 AUG 2024 NYSE 87,338 44.84 3,915,930
20 AUG 2024 OSE - - -
20 AUG 2024 NYSE 87,500 43.28 3,787,639
21 AUG 2024 OSE - - -
21 AUG 2024 NYSE 87,500 42.81 3,746,269
22 AUG 2024 OSE - - -
22 AUG 2024 NYSE 87,136 42.47 3,700,570
23 AUG 2024 OSE - - -
23 AUG 2024 NYSE 87,500 43.23 3,782,870
Period total OSE - - -
NYSE 436,974 43.33 18,933,278
Total 436,974 43.33 18,933,278
Previously disclosed totals (accumulated) OSE 28,315 49.85 1,411,628
NYSE 2,135,185 49.36 105,389,777
Total 2,163,500 49.37 106,801,405
Program total OSE 28,315 49.85 1,411,628
NYSE 2,572,159 48.33 124,323,055
Total 2,600,474 48.35 125,734,683
The issuer's holding of repurchased shares: 2,600,474
Following the completion of the above transactions, the Company has repurchased
a total of 2,600,474 of its own shares, corresponding to 3.78% 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