6-K
Seadrill Ltd (SDRL)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 6-K
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REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of September 2024
Commission File Number 001-39327
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SEADRILL LIMITED
(Exact name of Registrant as specified in its Charter)
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Park Place
55 Par-la-Ville Road Hamilton HM 11 Bermuda
(Address of principal executive office)
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Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Seadrill Announces Transactions Made Under the Company’s Share Repurchase Program
Hamilton, Bermuda, September 3, 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 26, 2024, through August 30, 2024, the Company purchased a total of 482,500 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 () | Total Daily Transaction Value (USD) | |||
|---|---|---|---|---|---|---|---|
| 26 AUG 2024 | OSE | - | - | - | |||
| 26 AUG 2024 | NYSE | 96,500 | 43.87 | 4,233,262 | |||
| 27 AUG 2024 | OSE | - | - | - | |||
| 27 AUG 2024 | NYSE | 96,500 | 43.46 | 4,193,851 | |||
| 28 AUG 2024 | OSE | - | - | - | |||
| 28 AUG 2024 | NYSE | 96,500 | 42.77 | 4,127,324 | |||
| 29 AUG 2024 | OSE | - | - | - | |||
| 29 AUG 2024 | NYSE | 96,500 | 43.45 | 4,192,770 | |||
| 30 AUG 2024 | OSE | - | - | - | |||
| 30 AUG 2024 | NYSE | 96,500 | 43.10 | 4,158,764 | |||
| Period total | OSE | - | - | - | |||
| NYSE | 482,500 | 43.33 | |||||
| Total | 482,500 | 43.33 | |||||
| Previously disclosed totals (accumulated) | OSE | 28,315 | 49.85 | 1,411,628 | |||
| NYSE | 2,572,159 | 48.33 | |||||
| Total | 2,600,474 | 48.35 | |||||
| Program total | OSE | 28,315 | 49.85 | 1,411,628 | |||
| NYSE | 3,054,659 | 47.54 | |||||
| Total | 3,082,974 | 47.56 |
All values are in US Dollars.
The issuer’s holding of repurchased shares: 3,082,974
Following the completion of the above transactions, the Company has repurchased a total of 3,082,974 of its own shares, corresponding to 4.48% 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
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| SEADRILL LIMITED | ||
|---|---|---|
| Date: September 3, 2024 | ||
| By: | /s/ Grant Creed<br><br>Name: Grant Creed<br><br>Title: Chief Financial Officer |
THIS REPORT ON FORM 6-K IS HEREBY INCORPORATED BY REFERENCE INTO (I) THE REGISTRATION STATEMENT ON FORM F-3 (NO. 333-271916) ORIGINALLY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON MAY 15, 2023 AND (II) THE REGISTRATION STATEMENT ON FORM S-8 (NO. 333-276710) ORIGINALLY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON JANUARY 26, 2024.