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
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of July 2024
Commission File Number 001-39327
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SEADRILL LIMITED
(Exact name of Registrant as specified in its Charter)
____________________________
Park Place
55 Par-la-Ville Road
Hamilton HM 11 Bermuda
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, July 29, 2024 - Seadrill Limited (“Seadrill” or the “Company”) (NYSE & OSE: SDRL) initiated a share repurchase program June 26, 2024 to repurchase up to $200 million of the Company’s common shares in open market transactions on the OSE and NYSE through September 25, 2024 until no later than September 30, 2025 pursuant to an agreement with DNB Markets (“DNB”).
For the period from and including July 22, 2024, through July 26, 2024, the Company purchased a total of 158,387 shares at an average price of $54.77 per share. The transactions effected through the agreement with DNB 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 JUL 2024 | OSE | 650 | 52.14 | 33,891 | ||||||||||
| 22 JUL 2024 | NYSE | 24,000 | 53.81 | 1,291,493 | ||||||||||
| 23 JUL 2024 | OSE | 650 | 53.42 | 34,722 | ||||||||||
| 23 JUL 2024 | NYSE | 17,000 | 54.44 | 925,497 | ||||||||||
| 24 JUL 2024 | OSE | 450 | 54.26 | 24,418 | ||||||||||
| 24 JUL 2024 | NYSE | 23,567 | 54.06 | 1,274,034 | ||||||||||
| 25 JUL 2024 | OSE | 650 | 53.53 | 34,797 | ||||||||||
| 25 JUL 2024 | NYSE | 16,000 | 54.97 | 879,582 | ||||||||||
| 26 JUL 2024 | OSE | 420 | 55.79 | 23,431 | ||||||||||
| 26 JUL 2024 | NYSE | 75,000 | 55.38 | 4,153,672 | ||||||||||
| Period total | OSE | 2,820 | 53.64 | 151,259 | ||||||||||
| NYSE | 155,567 | 54.79 | 8,524,279 | |||||||||||
| Total | 158,387 | 54.77 | 8,675,538 | |||||||||||
| Previously disclosed totals (accumulated) | OSE | 12,850 | 51.71 | 664,418 | ||||||||||
| NYSE | 752,118 | 52.18 | 39,247,627 | |||||||||||
| Total | 764,968 | 52.17 | 39,912,045 | |||||||||||
| Program total | OSE | 15,670 | 52.05 | 815,677 | ||||||||||
| NYSE | 907,685 | 52.63 | 47,771,906 | |||||||||||
| Total | 923,355 | 52.62 | 48,587,583 | |||||||||||
The issuer’s holding of repurchased shares: 923,355
Following the completion of the above transactions, the Company has repurchased a total of 923,355 of its own shares, corresponding to 1.34% of the Company’s total issued share count.
Appendix:
An overview of all transactions made under the Company’s repurchase program and its agreement with DNB that have been carried out during the above-mentioned period is attached to this report and available at www.newsweb.no.
An overview of all transactions made under the Company’s repurchase program and its agreement with DNB that have been carried out during the above-mentioned period is attached to this report and available at www.newsweb.no.
About Seadrill
Seadrill is setting the standard in deepwater oil and gas drilling. With its modern fleet, experienced crews, and advanced technologies, Seadrill safely, efficiently, and responsibly unlocks oil and gas resources for national, integrated, and independent oil companies. For further information, visit www.seadrill.com.
Seadrill is setting the standard in deepwater oil and gas drilling. With its modern fleet, experienced crews, and advanced technologies, Seadrill safely, efficiently, and responsibly unlocks oil and gas resources for national, integrated, and independent oil companies. For further information, visit www.seadrill.com.
Contact
Lydia Brantley Mabry
Director of Investor Relations
ir@seadrill.com
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: July 29, 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.