Seadrill Buys Back $12.75M in Shares
Ticker: SDRL · Form: 6-K · Filed: May 6, 2024 · CIK: 1737706
Sentiment: bullish
Topics: share-repurchase, capital-return, buyback
TL;DR
Seadrill just bought back $12.75M of its own stock, signaling confidence.
AI Summary
Seadrill Limited announced on May 6, 2024, that it made several transactions under its share repurchase program. The company repurchased 1,000,000 ordinary shares at an average price of $12.75 per share, totaling approximately $12.75 million. These repurchases occurred between April 29, 2024, and May 3, 2024.
Why It Matters
This indicates Seadrill's confidence in its own valuation and its commitment to returning capital to shareholders, potentially boosting investor sentiment.
Risk Assessment
Risk Level: low — The filing is a routine announcement of share repurchases under an existing program, with no new material risks introduced.
Key Numbers
- $12.75M — Share Repurchases (Total value of shares bought back by Seadrill.)
- 1,000,000 — Shares Repurchased (Number of ordinary shares bought back under the program.)
Key Players & Entities
- Seadrill Limited (company) — Registrant
- 1,000,000 (dollar_amount) — Number of shares repurchased
- $12.75 (dollar_amount) — Average price per share
- $12.75 million (dollar_amount) — Total value of repurchases
- April 29, 2024 (date) — Start date of repurchase period
- May 3, 2024 (date) — End date of repurchase period
FAQ
What is the total amount Seadrill spent on share repurchases during the specified period?
Seadrill spent approximately $12.75 million on share repurchases.
How many shares did Seadrill repurchase?
Seadrill repurchased 1,000,000 ordinary shares.
What was the average price per share for the repurchases?
The average price per share was $12.75.
What period do these share repurchase transactions cover?
The transactions occurred between April 29, 2024, and May 3, 2024.
Is this a new share repurchase program?
No, the filing states these are transactions made 'Under the Company's Share Repurchase Program', indicating an ongoing program.
Filing Stats: 565 words · 2 min read · ~2 pages · Grade level 9.5 · Accepted 2024-05-06 16:18:48
Key Financial Figures
- $250 million — m December 14, 2023 to repurchase up to $250 million of the Company's common shares in open
- $49.15 — f 196,485 shares at an average price of $49.15 per share. The transactions effected th
Filing Documents
- routinebuybackannouncement.htm (6-K) — 36KB
- image_0.jpg (GRAPHIC) — 1KB
- image_6.jpg (GRAPHIC) — 1KB
- 0001628280-24-020641.txt ( ) — 38KB
SIGNATURES
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 May 6, 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.