Seadrill : Announces Transactions Made Under the Company’s Share Repurchase Program
July 01, 2024 at 04:08 pm EDT
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Seadrill Announces Transactions Made Under the Company's Share Repurchase Program
01 Jul 2024 22:05 CEST
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Issuer
Seadrill Limited
Hamilton, Bermuda, July 1, 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 June 26, 2024, through June 28, 2024, the
Company purchased a total of 186,216 shares at an average price of $51.13 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)
26 JUN 2024 OSE - - -
26 JUN 2024 NYSE 31,016 49.65 1,540,006
27 JUN 2024 OSE 1,100 50.62 55,682
27 JUN 2024 NYSE 20,000 50.75 1,015,036
28 JUN 2024 OSE 1,100 51.88 57,068
28 JUN 2024 NYSE 133,000 51.53 6,853,317
Period total OSE 2,200 51.25 112,750
NYSE 184,016 51.13 9,408,360
Total 186,216 51.13 9,521,109
Previously disclosed totals (accumulated) OSE - - -
NYSE - - -
Total - - -
Program total OSE 2,200 51.25 112,750
NYSE 184,016 51.13 9,408,360
Total 186,216 51.13 9,521,109
The issuer's holding of repurchased shares: 186,216
Following the completion of the above transactions, the Company has repurchased
a total of 186,216 of its own shares, corresponding to 0.27% 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 Limited
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
More information:
Access the news on Oslo Bors NewsWeb site
622898_240701 SDRL Share Buyback Details.pdf
Source
Seadrill Limited
Provider
Oslo Børs Newspoint
Company Name
SEADRILL LIMITED
ISIN
BMG7997W1029
Symbol
SDRL
Market
Oslo Børs
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Disclaimer
Seadrill Ltd. published this content on
01 July 2024 and is solely responsible for the information contained therein. Distributed by
Public, unedited and unaltered, on
01 July 2024 20:07:44 UTC.
Seadrill Limited is an offshore drilling contractor. The Company is engaged in providing worldwide offshore drilling services to the oil and gas industry. Its primary business is the ownership and operation of drillships, semi-submersible rigs, and jackup rigs for operations in shallow to ultra-deepwater in both benign and harsh environments. Its fleet portfolio includes West Phoenix, West Aquarius, West Eclipse, Sevan Louisiana, West Capella, West Gemini, West Tellus, West Neptune, West Jupiter, West Saturn, West Carina, West Polaris, West Auriga, West Vela, West Castor, West Tucana, West Telesto, West Prospero, and West Elara. Its drillships are self-propelled ships equipped for drilling offshore in water depths ranging from 1,000 to 12,000 feet and are positioned over the well through a computer-controlled thruster system. Its customers include oil super-majors, state-owned national oil companies, and independent oil and gas companies. It also provides management services.