Seadrill Ltd — Regulatory Filings 2023

Nov 27, 2023

6-K 1 d607883d6k.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 27, 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 20 through November 24, 2023, Seadrill purchased a total of 321,586 shares at an average price of $42.58 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 — 20 Nov. 2023	Trading Venue — OSE	18,055	43.53	785,988
20 Nov. 2023	NYSE	75,637	43.10	3,260,106
21 Nov. 2023	OSE	13,623	42.58	580,100
21 Nov. 2023	NYSE	57,727	41.99	2,423,784
22 Nov. 2023	OSE	19,758	41.23	814,626
22 Nov. 2023	NYSE	46,850	41.56	1,946,969
23 Nov. 2023	OSE	9,715	42.15	409,480
24 Nov. 2023	OSE	13,987	43.27	605,254
24 Nov. 2023	NYSE	66,234	43.29	2,866,972
Period total	OSE	75,138	42.53	3,195,448
	NYSE	246,448	42.60	10,497,830
	Total	321,586	42.58	13,693,278
Previously disclosed totals (accumulated)	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
Program total	OSE	673,120	42.90	28,879,594
	NYSE	4,309,163	42.74	184,185,554
	Total	4,982,283	42.76	213,065,148

The issuer’s holding of own shares: 4,982,283

Following the completion of the above transactions, Seadrill Limited owned a total of 4,982,283 of its own shares, corresponding to 6.24% 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.

/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.