6-K 1 d757893d6k.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 29, 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 22, 2024, through January 26, 2024, the Company purchased a total of 203,943 shares at an average price of $45.75 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)		  

22-Jan-24

    OSE      3,334        45.08        150,298  

22-Jan-24

    NYSE      38,616        45.78        1,767,883  

23-Jan-24

    OSE      4,000        46.01        184,057  

23-Jan-24

    NYSE      38,061        45.67        1,738,250  

24-Jan-24

    OSE      4,121        45.25        186,466  

24-Jan-24

    NYSE      37,780        45.87        1,733,116  

25-Jan-24

    OSE      3,500        45.78        160,229  

25-Jan-24

    NYSE      38,450        45.57        1,752,243  

26-Jan-24

    OSE      4,266        45.81        195,439  

26-Jan-24

    NYSE      31,815        45.99        1,463,067  

Period Total

    OSE      19,221        45.60        876,490  
   NYSE      184,722        45.77        8,454,559  
   Total      203,943        45.75        9,331,049  

Previously Disclosed Buybacks under the Program (Accumulated)

    OSE      205,539        45.52        9,355,474  
   NYSE      706,177        45.64        32,230,032  
   Total      911,716        45.61        41,585,506  

Program Total

    OSE      224,760        45.52        10,231,965  
   NYSE      890,899        45.67        40,684,591  
   Total      1,115,659        45.64        50,916,556  

The issuer’s holding of own shares: 1,115,659

Following the completion of the above transactions, the Company owned a total of 1,115,659 of its own shares, corresponding to 1.51% 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 29, 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 (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.