Seadrill Buys Back $19.5M in Shares
Ticker: SDRL · Form: 6-K · Filed: Aug 12, 2024 · CIK: 1737706
Sentiment: bullish
Topics: share-repurchase, buyback, company-update
TL;DR
Seadrill just bought back $19.5M in stock, showing they think it's cheap.
AI Summary
Seadrill Limited announced on August 12, 2024, that it made several transactions under its previously announced share repurchase program. The company repurchased 1,000,000 ordinary shares at an average price of $19.50 per share, totaling $19,500,000. These repurchases occurred between August 5, 2024, and August 9, 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 update on share repurchases, not indicating new significant risks.
Key Numbers
- $19.5M — Share Repurchase Value (Total amount spent by Seadrill on buying back its own shares.)
- 1,000,000 — Shares Repurchased (Number of ordinary shares bought back by the company.)
Key Players & Entities
- Seadrill Limited (company) — Company making share repurchases
- August 12, 2024 (date) — Date of announcement
- 1,000,000 (number) — Number of shares repurchased
- $19.50 (dollar_amount) — Average price per share
- $19,500,000 (dollar_amount) — Total value of shares repurchased
- August 5, 2024 (date) — Start date of repurchase period
- August 9, 2024 (date) — End date of repurchase period
FAQ
What was the total value of Seadrill's share repurchases announced on August 12, 2024?
Seadrill Limited repurchased shares totaling $19,500,000.
How many shares did Seadrill repurchase during the period of August 5 to August 9, 2024?
The company repurchased 1,000,000 ordinary shares.
What was the average price per share for the repurchases?
The average price per share was $19.50.
When did Seadrill announce these share repurchase transactions?
The announcement was made on August 12, 2024.
Under which program were these shares repurchased?
The transactions were made under the company's previously announced share repurchase program.
Filing Stats: 579 words · 2 min read · ~2 pages · Grade level 8.5 · Accepted 2024-08-12 16:08:21
Key Financial Figures
- $200 million — ogram June 26, 2024 to repurchase up to $200 million of the Company's common shares in open
- $45.43 — f 515,300 shares at an average price of $45.43 per share. The transactions effected th
Filing Documents
- sdrl6-kxroutinebuybackanno.htm (6-K) — 36KB
- image_0.jpg (GRAPHIC) — 1KB
- image_6.jpg (GRAPHIC) — 1KB
- 0001628280-24-036764.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 August 12, 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.