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SDRL - Ex. right to shares in Seadrill today

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On February 23, 2022, Seadrill Limited announced a corporate action regarding the right to shares in its new parent company following its emergence from Chapter 11 bankruptcy. The company will officially change its name to Seadrill Limited around the same date. This move is part of the restructuring process aimed at stabilizing the company's financial position.

Shareholders are advised to refer to the stock exchange announcements made on February 21 and 22, 2022, for further details.

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OSLO, Norway, Feb. 23, 2022 /PRNewswire/ --

Issuer name: Seadrill Limited

Ex. date: 23 February 2022

Type of corporate action: Right to shares in the new parent company for the Seadrill group following emergence from Chapter 11, whose name will be changed on or about the date of emergence to Seadrill Limited.

Other information: Reference is made to the stock exchange announcements published by Seadrill Limited on 21 and 22 February 2022.

This information is published in accordance with the requirements of the Continuing Obligations pursuant to Oslo Rule Book II.

CONTACT:

seadrill@hawthornadvisors.com  

020 3745 4960

This information was brought to you by Cision http://news.cision.com

 

Cision View original content:https://www.prnewswire.com/news-releases/sdrl--ex-right-to-shares-in-seadrill-today-301488264.html

SOURCE Seadrill Limited

FAQ

What is the significance of Seadrill's right to shares announced on February 23, 2022?

The announcement indicates shareholders will receive shares in the new parent company following Seadrill's emergence from Chapter 11, marking a significant restructuring effort.

When will Seadrill Limited change its name?

Seadrill Limited will change its name on or about February 23, 2022, coinciding with its emergence from Chapter 11.

What should shareholders do to get more information regarding Seadrill's corporate action?

Shareholders should refer to the stock exchange announcements published by Seadrill on February 21 and 22, 2022, for detailed information.

What is the ticker symbol for Seadrill Limited?

The ticker symbol for Seadrill Limited is SDRLF.

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