Seadrill Limited (SDRL) has released an update.
Seadrill Limited has actively pursued its share repurchase program, buying back 186,845 shares at an average price of $52.00 each, for a total expenditure of $9.7 million, between April 1 and April 5, 2024. Following these transactions, the company now holds 3,156,893 of its own shares, representing 4.26% of its share capital. The repurchase initiative, which is in agreement with Fearnley Securities, is part of a plan to acquire up to $250 million in common shares by September 30, 2024.
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