6-K 1 d566329d6k.htm 6-K 6-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

Form 6-K

 

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of November 2023

Commission File Number 001-39327

 

 

Seadrill Limited

(Exact name of Registrant as specified in its Charter)

 

 

Park Place

55 Par-la-Ville Road

Hamilton HM 11 Bermuda

(Address of principal executive office)

 

 

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, November 6, 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 October 30 through November 3, 2023, Seadrill purchased a total of 469,643 shares at an average price of $40.82 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 Venue    Aggregated
daily volume
(number of shares)		      Weighted average
share price (USD)		      Total daily transaction
value (USD)		  

30 Oct. 2023

    OSE      14,253        40.37        575,386  

30 Oct. 2023

    NYSE      103,000        39.88        4,107,259  

31 Oct. 2023

    OSE      20,000        39.45        789,055  

31 Oct. 2023

    NYSE      53,334        39.45        2,104,192  

1 Nov. 2023

    OSE      20,648        40.11        828,101  

1 Nov. 2023

    NYSE      92,675        41.05        3,804,207  

2 Nov. 2023

    OSE      14,498        41.40        600,188  

2 Nov. 2023

    NYSE      57,709        42.28        2,440,202  

3 Nov. 2023

    OSE      12,026        42.12        506,527  

3 Nov. 2023

    NYSE      81,500        41.93        3,416,928  
     

 

 

     

 

 

     

 

 

  

Period total

    OSE      81,425        40.52        3,299,257  
     

 

 

     

 

 

     

 

 

  
   NYSE      388,218        40.89        15,872,788  
     

 

 

     

 

 

     

 

 

  
   Total      469,643        40.82        19,172,045  
     

 

 

     

 

 

     

 

 

  

Previously disclosed totals (accumulated)

    OSE      401,953        43.97        17,675,246  
   NYSE      2,889,822        43.56        125,875,668  
     

 

 

     

 

 

     

 

 

  
   Total      3,291,775        43.61        143,550,914  
     

 

 

     

 

 

     

 

 

  

Program total

    OSE      483,378        43.39        20,974,503  
   NYSE      3,278,040        43.24        141,748,456  
     

 

 

     

 

 

     

 

 

  
   Total      3,761,418        43.26        162,722,959  
     

 

 

     

 

 

     

 

 

  

The issuer’s holding of own shares: 3,761,418

Following the completion of the above transactions, Seadrill Limited owned a total of 3,761,418 of its own shares, corresponding to 4.71% 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.

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: November 6, 2023     By:   /s/ Grant Creed
      Name: Grant Creed
      Title: Principal Financial Officer of Seadrill Limited

THIS REPORT ON FORM 6-K IS HEREBY INCORPORATED BY REFERENCE INTO THE REGISTRATION STATEMENT ON FORM F-3 (NO. 333-271916) ORIGINALLY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON MAY 15, 2023.