Seadrill Buys Back Shares Under $200M Program
Ticker: SDRL · Form: 6-K · Filed: Jul 1, 2024 · CIK: 1737706
Sentiment: bullish
Topics: share-repurchase, capital-return, stock-buyback
Related Tickers: SDRL
TL;DR
Seadrill is actively buying back its own stock, up to $200M by Sept 25.
AI Summary
Seadrill Limited announced on July 1, 2024, that it has made transactions under its share repurchase program, which was initiated on June 26, 2024. The company plans to repurchase up to $200 million of its common shares on the OSE and NYSE by September 25, 2024.
Why It Matters
This indicates Seadrill's confidence in its stock value and its commitment to returning capital to shareholders.
Risk Assessment
Risk Level: low — The filing is an announcement of a routine share repurchase program, not a material event indicating significant risk.
Key Numbers
- $200 million — Share Repurchase Program Limit (Maximum amount Seadrill intends to spend on repurchasing its shares.)
Key Players & Entities
- Seadrill Limited (company) — Registrant
- SDRL (company) — Ticker symbol for Seadrill Limited
- $200 million (dollar_amount) — Maximum value of the share repurchase program
- June 26, 2024 (date) — Initiation date of the share repurchase program
- September 25, 2024 (date) — Expiration date of the share repurchase program
- July 1, 2024 (date) — Date of the announcement
FAQ
When was Seadrill's share repurchase program initiated?
The share repurchase program was initiated on June 26, 2024.
What is the maximum amount Seadrill plans to repurchase under this program?
Seadrill plans to repurchase up to $200 million of its common shares.
What is the deadline for the share repurchase program?
The program is set to conclude by September 25, 2024.
On which stock exchanges can Seadrill repurchase its shares?
Seadrill can repurchase its shares on the OSE (Oslo Stock Exchange) and NYSE (New York Stock Exchange).
What type of filing is this announcement?
This announcement is made via a Form 6-K filing.
Filing Stats: 530 words · 2 min read · ~2 pages · Grade level 9.9 · Accepted 2024-07-01 16:20:56
Key Financial Figures
- $200 million — ogram June 26, 2024 to repurchase up to $200 million of the Companys common shares in open m
- $51.13 — f 186,216 shares at an average price of $51.13 per share. The transactions effected th
Filing Documents
- d875393d6k.htm (6-K) — 22KB
- g875393g0701190859764.jpg (GRAPHIC) — 3KB
- 0001193125-24-173312.txt ( ) — 28KB
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: July 1, 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.