6-K 1 d707512d6k.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 January 2024

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, January 9, 2024 - Seadrill Limited (“Seadrill” or the “Company”) (NYSE & OSE: SDRL) initiated a share repurchase program December 14, 2023 to repurchase up to $250 million of the Company’s common shares in open market transactions on the OSE and NYSE until no later than September 30, 2024 pursuant to an agreement with Fearnley Securities AS and its subsidiary, Fearnley Securities, Inc. (“Fearnley”).

For the period from and including January 2, 2024, through January 5, 2024, the Company purchased a total of 169,008 shares at an average price of $46.96 per share. The transactions effected through the agreement with Fearnley 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)		  

2-Jan-24

    OSE      10,000        47.15        471,510  

2-Jan-24

    NYSE      30,400        47.37        1,439,908  

3-Jan-24

    OSE      9,982        46.57        464,893  

3-Jan-24

    NYSE      32,272        47.02        1,517,371  

4-Jan-24

    OSE      10,406        47.23        491,502  

4-Jan-24

    NYSE      35,571        46.53        1,655,172  

5-Jan-24

    OSE      8,465        46.28        391,734  

5-Jan-24

    NYSE      31,912        47.12        1,503,767  

Period Total

    OSE      38,853        46.83        1,819,640  
   NYSE      130,155        46.99        6,116,218  
   Total      169,008        46.96        7,935,859  

Previously Disclosed Buybacks under the Program (Accumulated)

    OSE      91,149        45.30        4,128,857  
   NYSE      252,470        45.82        11,568,891  
   Total      343,619        45.68        15,697,748  

Program Total

    OSE      130,002        45.76        5,948,497  
   NYSE      382,625        46.22        17,685,109  
   Total      512,627        46.10        23,633,607  

The issuer’s holding of own shares: 512,627

Following the completion of the above transactions, the Company owned a total of 512,627 of its own shares, corresponding to 0.69% of the Company’s share capital.

Appendix:

An overview of all transactions made under the Company’s repurchase program and its agreement with Fearnley 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: January 9, 2024     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.