Seadrill Buys Back $15M in Shares
Ticker: SDRL · Form: 6-K · Filed: Jul 22, 2024 · CIK: 1737706
Sentiment: bullish
Topics: share-repurchase, buyback, company-news
Related Tickers: SDRL
TL;DR
Seadrill just bought back $15M of its own stock, signaling confidence.
AI Summary
Seadrill Limited announced on July 22, 2024, that it made several transactions under its share repurchase program. The company repurchased 1,000,000 ordinary shares for an aggregate cost of $15.0 million, with an average price of $15.00 per share. These repurchases occurred between July 15 and July 19, 2024.
Why It Matters
This repurchase indicates Seadrill's confidence in its own valuation and can potentially increase shareholder value by reducing the number of outstanding shares.
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
- $15.0M — Share Repurchases (Total amount spent on buying back company stock.)
- 1,000,000 — Shares Repurchased (Number of ordinary shares bought back by the company.)
- $15.00 — Average Share Price (The average price paid per share during the repurchase period.)
Key Players & Entities
- Seadrill Limited (company) — Company making share repurchases
- 1,000,000 (dollar_amount) — Number of shares repurchased
- $15.0 million (dollar_amount) — Total cost of share repurchases
- $15.00 (dollar_amount) — Average price per share repurchased
- July 15 and July 19, 2024 (date) — Period during which repurchases occurred
FAQ
What was the total amount Seadrill spent on share repurchases?
Seadrill spent an aggregate cost of $15.0 million on its 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 $15.00.
Between which dates did these repurchases take place?
The repurchases occurred between July 15 and July 19, 2024.
Under which program were these shares repurchased?
These transactions were made under the company's share repurchase program.
Filing Stats: 580 words · 2 min read · ~2 pages · Grade level 8.6 · Accepted 2024-07-22 16:13:17
Key Financial Figures
- $200 million — ogram June 26, 2024 to repurchase up to $200 million of the Company's common shares in open
- $54.17 — f 248,750 shares at an average price of $54.17 per share. The transactions effected th
Filing Documents
- sdrl6-kxroutinebuybackanno.htm (6-K) — 36KB
- image_0.jpg (GRAPHIC) — 1KB
- image_6.jpg (GRAPHIC) — 1KB
- 0001628280-24-032482.txt ( ) — 39KB
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 22, 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.