Seadrill to Delist from Oslo Stock Exchange
Ticker: SDRL · Form: 6-K · Filed: Jun 10, 2024 · CIK: 1737706
Sentiment: neutral
Topics: delisting, stock-exchange, corporate-action
Related Tickers: SDRL
TL;DR
Seadrill's ditching Oslo Stock Exchange, focusing on NYSE.
AI Summary
Seadrill Limited announced on June 10, 2024, that it has received approval from Oslo Bors for the voluntary delisting of its shares from the Oslo Stock Exchange. This decision follows the company's primary listing on the New York Stock Exchange (NYSE). The delisting is expected to be completed by June 28, 2024.
Why It Matters
This move simplifies Seadrill's stock exchange presence, potentially reducing administrative burdens and focusing investor attention on its primary listing on the NYSE.
Risk Assessment
Risk Level: low — The delisting is a procedural change and does not indicate underlying financial distress or operational issues.
Key Players & Entities
- Seadrill Limited (company) — The company making the announcement.
- Oslo Bors (company) — The stock exchange from which Seadrill is delisting.
- New York Stock Exchange (NYSE) (company) — Seadrill's primary listing exchange.
- June 28, 2024 (date) — Expected completion date for the delisting.
- June 10, 2024 (date) — Date of the announcement.
FAQ
What is the primary reason for Seadrill's voluntary delisting from the Oslo Stock Exchange?
Seadrill is voluntarily delisting from the Oslo Stock Exchange to streamline its stock exchange presence and focus on its primary listing on the New York Stock Exchange (NYSE).
When is the voluntary delisting from the Oslo Stock Exchange expected to be completed?
The voluntary delisting from the Oslo Stock Exchange is expected to be completed by June 28, 2024.
Which stock exchange will remain Seadrill's primary listing after the delisting?
The New York Stock Exchange (NYSE) will remain Seadrill's primary listing.
Has Oslo Bors approved Seadrill's voluntary delisting request?
Yes, Seadrill announced that it has received approval from Oslo Bors for the voluntary delisting.
What is the ticker symbol for Seadrill on the NYSE?
Seadrill's ticker symbol on the NYSE is SDRL.
Filing Stats: 352 words · 1 min read · ~1 pages · Grade level 15.6 · Accepted 2024-06-07 17:57:09
Filing Documents
- sdrl-form6xkxvoluntaryosed.htm (6-K) — 13KB
- image_0.jpg (GRAPHIC) — 1KB
- image_6.jpg (GRAPHIC) — 1KB
- 0001628280-24-027347.txt ( ) — 16KB
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 June 7, 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.