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 December 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, December 27, 2023—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 December 18 through December 22, the Company purchased a total of 158,816 shares at an average price of $45.02 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 | Aggregated daily volume (number of shares) | Weighted average share price (USD) | Total daily transaction value (USD) | ||||||||||||
18 Dec. 2023 | OSE | 10,000 | 44.63 | 446,336 | ||||||||||||
18 Dec. 2023 | NYSE | 22,000 | 44.74 | 984,192 | ||||||||||||
19 Dec. 2023 | OSE | 7,000 | 44.39 | 310,708 | ||||||||||||
19 Dec. 2023 | NYSE | 25,000 | 44.91 | 1,122,788 | ||||||||||||
20 Dec. 2023 | OSE | 10,000 | 44.68 | 446,759 | ||||||||||||
20 Dec. 2023 | NYSE | 22,000 | 44.82 | 986,077 | ||||||||||||
21 Dec. 2023 | OSE | 8,178 | 44.33 | 362,523 | ||||||||||||
21 Dec. 2023 | NYSE | 20,862 | 44.55 | 929,300 | ||||||||||||
22 Dec. 2023 | OSE | 4,000 | 45.07 | 180,273 | ||||||||||||
22 Dec. 2023 | NYSE | 29,776 | 46.37 | 1,380,823 | ||||||||||||
Period total | OSE | 39,178 | 44.58 | 1,746,598 | ||||||||||||
| NYSE | 119,638 | 45.16 | 5,403,180 | |||||||||||||
| Total | 158,816 | 45.02 | 7,149,778 | |||||||||||||
Previously disclosed totals (accumulated) | OSE | 20,000 | 43.98 | 879,537 | ||||||||||||
| NYSE | 44,000 | 44.03 | 1,937,465 | |||||||||||||
| Total | 64,000 | 44.02 | 2,817,002 | |||||||||||||
Program total | OSE | 59,178 | 44.38 | 2,626,135 | ||||||||||||
| NYSE | 163,638 | 44.86 | 7,340,645 | |||||||||||||
| Total | 222,816 | 44.73 | 9,966,780 | |||||||||||||
The issuer’s holding of own shares: 222,816
Following the completion of the above transactions, the Company owned a total of 222,816 of its own shares, corresponding to 0.30% 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: December 27, 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.
