0001193125-24-076519.txt : 20240325 0001193125-24-076519.hdr.sgml : 20240325 20240325162058 ACCESSION NUMBER: 0001193125-24-076519 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240325 FILED AS OF DATE: 20240325 DATE AS OF CHANGE: 20240325 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Seadrill Ltd CENTRAL INDEX KEY: 0001737706 STANDARD INDUSTRIAL CLASSIFICATION: DRILLING OIL & GAS WELLS [1381] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 000000000 STATE OF INCORPORATION: D0 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-39327 FILM NUMBER: 24779485 BUSINESS ADDRESS: STREET 1: PAR-LA-VILLE PLACE, 14 PAR-LA-VILLE ROAD CITY: HAMILTON STATE: D0 ZIP: HM 08 BUSINESS PHONE: 441 295 9500 MAIL ADDRESS: STREET 1: PAR-LA-VILLE PLACE, 14 PAR-LA-VILLE ROAD CITY: HAMILTON STATE: D0 ZIP: HM 08 FORMER COMPANY: FORMER CONFORMED NAME: NEW SDRL LTD. DATE OF NAME CHANGE: 20180417 6-K 1 d812361d6k.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 March 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, March 25, 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 March 18, 2024, through March 22, 2024, the Company purchased a total of 191,965 shares at an average price of $49.87 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)		  

18-Mar-24

    OSE      5,000        49.61        248,039  

18-Mar-24

    NYSE      33,200        49.63        1,647,782  

19-Mar-24

    OSE      4,009        49.56        198,691  

19-Mar-24

    NYSE      34,741        50.16        1,742,588  

20-Mar-24

    OSE      3,000        49.91        149,736  

20-Mar-24

    NYSE      35,750        50.03        1,788,708  

21-Mar-24

    OSE      4,607        50.28        231,636  

21-Mar-24

    NYSE      33,243        49.94        1,660,009  

22-Mar-24

    OSE      4,354        49.24        214,384  

22-Mar-24

    NYSE      34,061        49.64        1,690,941  

Period Total

    OSE      20,970        49.71        1,042,486  
   NYSE      170,995        49.88        8,530,029  
   Total      191,965        49.87        9,572,515  

Previously Disclosed Buybacks under the Program (Accumulated)

    OSE      369,046        44.76        16,517,514  
   NYSE      2,256,137        44.66        100,769,150  
   Total      2,625,183        44.68        117,286,665  

Program Total

    OSE      390,016        45.02        17,560,001  
   NYSE      2,427,132        45.03        109,299,179  
   Total      2,817,148        45.03        126,859,180  

The issuer’s holding of own shares: 2,817,148

Following the completion of the above transactions, the Company owned a total of 2,817,148 of its own shares, corresponding to 3.80% 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

Lydia Brantley Mabry

Director of Investor Relations

ir@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: March 25, 2024     By:   /s/ Grant Creed
      Name: Grant Creed
      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.