In This Article:
Amsterdam, January 29, 2025
SBM Offshore reports the transaction details related to its EUR130 million (c. US$140 million) share repurchase program for the period January 23, 2025 through January 29, 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 January 29, 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 | | ||||
| Cumulative Repurchase Amount |
| EUR 100,903,131 | | ||||
| Cumulative Quantity Repurchased |
| 6,403,871 | | ||||
| Cumulative Average Repurchase Price |
| EUR 15.76 | | ||||
| Start Date |
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| March 1, 2024 | | |||
| Percentage of program completed as of January 29, 2025 | 77.62% | | |||||
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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 | | |||
| January 23, 2025 | 19,995 | EUR 18.29 | EUR 365,785 | | |||
| January 24, 2025 | 22,276 | EUR 17.79 | EUR 396,337 | | |||
| January 27, 2025 | 21,594 | EUR 17.87 | EUR 385,803 | | |||
| January 28, 2025 | 25,673 | EUR 17.73 | EUR 455,134 | | |||
| January 29, 2025 | 21,840 | EUR 17.78 | EUR 388,420 | | |||
| Total | 111,378 | EUR 17.88 | EUR 1,991,478 | | |||
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.