Seadrill Limited (SDRL) has released an update.
Seadrill Limited, an offshore drilling contractor, has actively engaged in a share repurchase program, buying back 183,635 of its own shares at an average price of $52.68 per share between April 8 and April 12, 2024. This buyback is part of a larger initiative announced on December 14, 2023, to repurchase up to $250 million of common shares by September 30, 2024. Following these transactions, Seadrill now owns 3,340,528 shares, amounting to 4.51% of the company’s share capital.
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