On25 January 2024 ,Elliott International L.P. ,Elliott Associates L.P. andThe Liverpool Limited Partnership have sold common shares inSeadrill Limited (NYSE & OSE: SDRL) ("Seadrill " or the "Company"), resulting in crossing below the disclosure threshold.Elliott International L.P. ,Elliott Associates L.P. andThe Liverpool Limited Partnership are funds managed and advised byElliott Investment Management L.P. , a registered investment adviser with theU.S. Securities and Exchange Commission . The general partner ofElliott Investment Management L.P. isElliott Investment Management GP LLC .Paul E. Singer is the sole managing member ofElliott Investment Management GP LLC . Following the sale, funds managed and advised byElliott Investment Management L.P. have the following ownership interest inSeadrill : oElliott International L.P. holds 4,126,071 common shares and cash settled equity swaps equivalent to 2,716,736 common shares inSeadrill , which constitutes a total ownership of 6,842,807 common shares which represents approx. 9.24 % ofSeadrill's share capital. oElliott Associates L.P. holds cash settled equity swaps equivalent to 600,566 common shares inSeadrill , which represents approx. 0.81 % ofSeadrill's share capital. oThe Liverpool Limited Partnership holds 1,853,743 common shares and cash settled equity swaps equivalent to 620,000 common shares inSeadrill , which constitutes a total ownership of 2,473,743 common shares which represents approx. 3.34 % ofSeadrill's share capital. As a result of this, if voting rights are attributed to the cash settled equity swaps (i)Elliott International L.P. has a total ownership interest of 6,842,807 common shares inSeadrill , which represents approx. 9.24 % ofSeadrill's share capital and votes (and thus crossing below the 10% disclosure threshold) and (ii) the total aggregate ownership interest ofElliott International L.P. ,Elliott Associates L.P. and theLiverpool Limited Partnership are 9,917,116 common shares inSeadrill , which represents 13.39 % ofSeadrill's share capital and votes (and thus crossing below the 15% disclosure threshold). This disclosure is made pursuant to section 4-2, cf. section 4-3, of the Norwegian Securities Trading Act.
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