Sdrl -- Sdrl Shareholder Approval Of Written Resolutions
03 July 2019 - 3:10PM
UK Regulatory
TIDMSDRL
Hamilton, Bermuda, July 3, 2019 -- Seadrill Limited (the "Company") has
received approval from the required majority of shareholders for the
written resolutions distributed on June 21, 2019. As a result, the Board
of Directors has been increased back to seven seats after it was reduced
to six on July 2, 2019 and the newly created seat may be filled by the
Directors.
The Board of Directors reappointed Scott Vogel on July 2, 2019 and his
term runs until the next Annual General meeting. Mr. Vogel will continue
as Chairman of the Conflicts Committee and as a member of the Audit
Committee.
FORWARD LOOKING STATEMENTS
This news release includes forward looking statements. Such statements
are generally not historical in nature, and specifically include
statements about the Company's plans, strategies, business prospects,
changes and trends in its business, the markets in which it operates and
its restructuring efforts. These statements are made based upon
management's current plans, expectations, assumptions and beliefs
concerning future events impacting the Company and therefore involve a
number of risks, uncertainties and assumptions that could cause actual
results to differ materially from those expressed or implied in the
forward-looking statements, which speak only as of the date of this news
release. Consequently, no forward-looking statement can be guaranteed.
When considering these forward-looking statements, you should keep in
mind the risks described from time to time in the Company's filings with
the Securities and Exchange Commission, including its Annual Report on
Form 20-F (File No. 333-224459). The Company undertakes no obligation to
update any forward looking statements to reflect events or circumstances
after the date on which such statement is made or to reflect the
occurrence of unanticipated events. New factors emerge from time to time,
and it is not possible for the Company to predict all of these factors.
Further, the Company cannot assess the impact of each such factor on its
business or the extent to which any factor, or combination of factors,
may cause actual results to be materially different from those contained
in any forward looking statement.
This information is subject of the disclosure requirements pursuant to
section 5-12 of the Norwegian Securities Trading Act.
(END) Dow Jones Newswires
July 03, 2019 01:10 ET (05:10 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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