In This Article:
Amsterdam, February 19, 2025
SBM Offshore reports the transaction details related to its EUR130 million (c. US$140 million) share repurchase program for the period February 13, 2025 through February 19, 2025.
The repurchases were made under the EUR65 million share repurchase program announced on February 29, 2024, effective from March 1, 2024 and increased by EUR65 million as announced on August 8, 2024. The objective of the program is to reduce share capital and, in addition, to provide shares for regular management and employee share programs. Information regarding the progress of the share repurchase program and the aggregate of the transactions (calculated on a daily basis) for the period March 1, 2024 through February 19, 2025 can be found in the top half of the table below. Further detailed information regarding both the progress of the share repurchase program and all individual transactions can be accessed via the Investors section of the Company’s website.
| Share Repurchase Program |
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| Overall progress Share Repurchase Program: |
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| Total Repurchase Amount |
| EUR 130,000,000 |
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| Cumulative Repurchase Amount |
| EUR 106,751,095 |
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| Cumulative Quantity Repurchased |
| 6,752,382 |
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| Cumulative Average Repurchase Price |
| EUR 15.87 |
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| Start Date |
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| March 1, 2024 |
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| Percentage of program completed as of February 19, 2025 | 82.12% |
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| Overview of details of last 5 trading days: |
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| Trade Date | Quantity Repurchased | Average Purchase Price | Settlement Amount |
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| February 13, 2025 | 21,700 | EUR 18.09 | EUR 392,581 |
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| February 14, 2025 | 26,673 | EUR 17.91 | EUR 477,756 |
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| February 17, 2025 | 21,857 | EUR 17.94 | EUR 392,104 |
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| February 18, 2025 | 21,158 | EUR 18.07 | EUR 382,329 |
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| February 19, 2025 | 20,533 | EUR 18.29 | EUR 375,645 |
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| Total | 111,921 | EUR 18.05 | EUR 2,020,415 |
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1All shares purchased via Euronext Amsterdam, CBOE DXE and or Turquoise
This press release contains information which is to be made publicly available under the Market Abuse Regulation (nr. 596/2014). The information concerns a regular update of the transactions conducted under SBM Offshore’s current share repurchase program, as announced by the Company on February 29, 2024 and August 8, 2024, details of which are available on its website.
Corporate Profile
SBM Offshore is the world’s deepwater ocean-infrastructure expert. Through the design, construction, installation, and operation of offshore floating facilities, we play a pivotal role in a just transition. By advancing our core, we deliver cleaner, more efficient energy production. By pioneering more, we unlock new markets within the blue economy.
More than 7,400 SBMers collaborate worldwide to deliver innovative solutions as a responsible partner towards a sustainable future, balancing ocean protection with progress.
For further information, please visit our website at www.sbmoffshore.com.