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 April 2024

Commission File Number 001-39327

 

 

Seadrill Limited

(Exact name of Registrant as specified in its Charter)

 

 

11025 Equity Dr., Ste. 150

Houston, Texas 77041

United States of America

(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, April 15, 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 April 8, 2024, through April 12, 2024, the Company purchased a total of 183,635 shares at an average price of $52.68 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)
8-Apr-24			OSE				4,060				52.61				213,596
8-Apr-24			NYSE				31,940				53.03				1,693,679
9-Apr-24			OSE				3,000				53.01				159,017
9-Apr-24			NYSE				34,068				52.70				1,795,506
10-Apr-24			OSE				2,840				52.87				150,145
10-Apr-24			NYSE				33,227				53.00				1,760,961
11-Apr-24			OSE				3,407				52.83				179,978
11-Apr-24			NYSE				33,843				52.57				1,779,286
12-Apr-24			OSE				4,000				53.06				212,224
12-Apr-24			NYSE				33,250				52.02				1,729,628
Period Total			OSE				17,307				52.87				914,959
			NYSE				166,328				52.66				8,759,061
			Total				183,635				52.68				9,674,020
Previously Disclosed Buybacks under the Program (Accumulated)			OSE				415,109				45.39				18,843,087
			NYSE				2,741,784				45.72				125,367,547
			Total				3,156,893				45.68				144,210,635
Program Total			OSE				432,416				45.69				19,758,046
			NYSE				2,908,112				46.12				134,126,608
			Total				3,340,528				46.07				153,884,654

The issuer’s holding of own shares: 3,340,528

Following the completion of the above transactions, the Company owned a total of 3,340,528 of its own shares, corresponding to 4.51% 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

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: April 15, 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.