0001193125-23-280666.txt : 20231120 0001193125-23-280666.hdr.sgml : 20231120 20231120161628 ACCESSION NUMBER: 0001193125-23-280666 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20231120 FILED AS OF DATE: 20231120 DATE AS OF CHANGE: 20231120 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Seadrill Ltd CENTRAL INDEX KEY: 0001737706 STANDARD INDUSTRIAL CLASSIFICATION: DRILLING OIL & GAS WELLS [1381] 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: 231422965 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 d939831d6k.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 November 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, November 20, 2023 - Seadrill Limited (“Seadrill” or the “Company”) (NYSE & OSE: SDRL) initiated a share repurchase program September 12, 2023 to repurchase up to $250 million of the Company’s common shares in open market transactions on the OSE and NYSE through March 31, 2024 pursuant to an agreement with Arctic Securities AS and its subsidiary, Arctic Securities LLC (“Arctic”).

For the period from and including November 13 through November 17, 2023, Seadrill purchased a total of 462,037 shares at an average price of $41.31 per share. The transactions effected through the agreement with Arctic comprise all the transactions effected by or on behalf of Seadrill Limited during the period.

Transaction overview

 

Date

    Trading Venue    Aggregated
daily volume
(number of
shares)		      Weighted average
share price (USD)		      Total daily transaction
value (USD)		  

13 Nov. 2023

    OSE      9,853        40.29        397,010  

13 Nov. 2023

    NYSE      55,802        40.84        2,279,155  

14 Nov. 2023

    OSE      9,372        41.35        387,576  

14 Nov. 2023

    NYSE      62,000        41.34        2,563,185  

15 Nov. 2023

    OSE      19,800        42.92        849,863  

15 Nov. 2023

    NYSE      102,000        41.99        4,282,531  

16 Nov. 2023

    OSE      18,179        41.64        756,897  

16 Nov. 2023

    NYSE      122,000        40.59        4,951,541  

17 Nov. 2023

    OSE      17,031        41.47        706,237  

17 Nov. 2023

    NYSE      46,000        41.62        1,914,649  

Period total

    OSE      74,235        41.73        3,097,583  
   NYSE      387,802        41.24        15,991,061  
   Total      462,037        41.31        19,088,644  

Previously disclosed totals (accumulated)

    OSE      523,747        43.12        22,586,563  
   NYSE      3,674,913        42.91        157,696,663  
   Total      4,198,660        42.94        180,283,226  

Program total

    OSE      597,982        42.95        25,684,146  
   NYSE      4,062,715        42.75        173,687,724  
   Total      4,660,697        42.78        199,371,870  

The issuer’s holding of own shares: 4,660,697

Following the completion of the above transactions, Seadrill Limited owned a total of 4,660,697 of its own shares, corresponding to 5.84% of Seadrill Limited’s share capital.

Appendix:

An overview of all transactions made under the Company’s repurchase program and its agreement with Arctic Securities 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: November 20, 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.