Hamilton, Bermuda ,April 17, 2024 -Seadrill Limited ("Seadrill " or the "Company") (NYSE & OSE: SDRL) announces that the 2024 Annual General Meeting of the Shareholders of the Company (the "Meeting") was held onApril 17, 2024 at10:00 a.m. , at theRosewood Hotel ,Bermuda . The audited consolidated financial statements of the Company for the year endedDecember 31, 2023 were laid before the Meeting. In addition, the following resolutions were passed by shareholders: 1. To determine that the number of Directors comprising the Board of Directors of the Company (the "Board") be set at up to nine (9) Directors until the next annual general meeting of shareholders of the Company, or until such number is changed in accordance with the Bye-laws of the Company (the "Bye-laws"). 2. To re-elect, by way of separate resolutions, each ofJulie Robertson ,Jean Cahuzac , Jan Kjærvik,Mark McCollum , Harry Quarls,Andrew Schultz ,Paul Smith ,Jonathan Swinney andAna Zambelli as Directors of the Company to serve until the Company's next annual general meeting or until their respective offices are otherwise vacated in accordance with the Bye-laws. 3. To approve the appointment ofPricewaterhouseCoopers LLP to serve as the Company's independent auditor for the financial year endingDecember 31, 2024 and serve until the close of the Company's next annual general meeting thereafter, and to authorize the Board (acting through itsAudit and Risk Committee ) to determine the remuneration ofPricewaterhouseCoopers LLP . 4. To ratify, approve and confirm the interim remuneration paid to certain Directors of the Company fromJanuary 1, 2024 to the date of the Meeting and to approve the remuneration of the Directors for the period from the date immediately following the Meeting until the later to occur ofDecember 31, 2024 and the date of the 2025 Annual General Meeting of Shareholders, in each case, as set out in Appendix 3 attached to the Proxy Statement for the Meeting. 5. To approve that an application is made by the Company to theOslo Stock Exchange for the delisting of its common shares. A resolution proposed by the Company to amend and restate the Bye-laws was not passed by shareholders. This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. Contact InformationLydia Brantley Mabry Director of Investor Relations ir@seadrill.com AboutSeadrill Limited Seadrill is a leading offshore drilling contractor utilizing advanced technology to unlock oil and gas resources for clients across harsh and benign locations around the globe.Seadrill's high-quality, technologically-advanced fleet spans all asset classes allowing its experienced crews to conduct operations across geographies, from shallow to ultra-deepwater environments.
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