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Stock impact report

Seadrill Initiates Extension of Share Repurchase Program

Seadrill Limited Common Shares (SDRL) 
Last seadrill limited common shares earnings: 8/25 04:01 pm Check Earnings Report
US:NYSE Investor Relations: seadrill.com/investor-relations.aspx
Company Research Source: Business Wire
HAMILTON, Bermuda--(BUSINESS WIRE)--Seadrill Limited (“Seadrill” or the “Company”) (NYSE & OSE: SDRL) today announced that it has continued progress on its share repurchase program, as part of its ongoing commitment to deliver shareholder returns. The Company completed the $250 million share repurchase program initiated in December 2023 and will cancel the acquired shares. As previously announced, the Company’s Board of Directors authorized a new $500 million share repurchase program that will run for a period of two years from the completion of the 2023 program. As an initial step under the new repurchase program, the Board has authorized the Company to purchase up to $200 million of the Company’s common shares (the “First Tranche”) by September 30, 2024, and the Company has entered an agreement with DNB Markets (“DNB”) to effect the First Tranche in open market transactions on the OSE and the NYSE.To comply with the European Market Abuse Regulation, the Company has provided the Show less Read more
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