On8 May 2024 ,Elliott International L.P. ,Elliott Associates L.P. andThe Liverpool Limited Partnership have sold common shares and cash settled equity swaps 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 3,517,643 common shares and cash settled equity swaps equivalent to 2,703,406 common shares inSeadrill , which constitutes a total ownership of 6,221,643 common shares which represents approx. 8.39 % ofSeadrill's share capital. oElliott Associates L.P. holds cash settled equity swaps equivalent to 594,575 common shares inSeadrill , which represents approx. 0.80 % ofSeadrill's share capital. oThe Liverpool Limited Partnership holds 1,580,390 common shares and cash settled equity swaps equivalent to 620,000 common shares inSeadrill , which constitutes a total ownership of 2,200,390 common shares which represents approx. 2.97 % ofSeadrill's share capital. As a result of the sale (i)Elliott International L.P. holds 3,517,643 common shares inSeadrill which represents 4.75 % of the votes (and thus crossing below the 5 % disclosure threshold) and (ii) the total aggregate ownership interest ofElliott International L.P. ,Elliott Associates L.P. and theLiverpool Limited Partnership are 9,016,014 common shares inSeadrill , which represents 12.17 % ofSeadrill's share capital and votes. This disclosure is made pursuant to section 4-2, cf. section 4-3, of the Norwegian Securities Trading Act.
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