Weekly share repurchase program transaction details
18 April 2019 - 3:17AM
Weekly share repurchase program transaction details
April 17, 2019
SBM Offshore reports the transaction details
related to its EUR175 million (c. US$200 million) share repurchase
program for the period April 11, 2019 through April 17, 2019.
The repurchases were made under the EUR175
million share repurchase program announced on and effective from
February 14, 2019. 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 February 14, 2019
through April 17, 2019 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 Investor Relations Center of the Company’s
website.
Share Repurchase Program |
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Overall progress Share Repurchase Program: |
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Total Repurchase Amount |
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EUR 175,000,000 |
Cumulative Repurchase Amount |
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EUR 90,905,396 |
Cumulative Quantity Repurchased |
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5,397,242 |
Cumulative Average Repurchase Price |
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EUR 16.84 |
Start
Date |
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February 14, 2019 |
End Date |
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2019 |
Percentage of program completed as at April 17, 2019 |
51.95% |
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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 |
April 11, 2019 |
70,000 |
EUR 17.18 |
EUR 1,202,611 |
April 12, 2019 |
211,954 |
EUR 16.92 |
EUR 3,586,162 |
April 15, 2019 |
250,000 |
EUR 16.59 |
EUR 4,148,644 |
April 16, 2019 |
266,536 |
EUR 16.64 |
EUR 4,434,785 |
April 17, 2019 |
275,000 |
EUR 16.66 |
EUR 4,580,157 |
Total1 |
1,073,490 |
EUR 16.72 |
EUR 17,952,360 |
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1All shares bought on Euronext Amsterdam |
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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 14,
2019, details of which are available on its website.
Corporate Profile
SBM Offshore N.V. is a listed holding company
that is headquartered in Amsterdam. It holds direct and indirect
interests in other companies that collectively with SBM Offshore
N.V. form the SBM Offshore Group (“the Company”). SBM Offshore
provides floating production solutions to the offshore energy
industry, over the full product lifecycle. The Company is market
leading in leased floating production systems delivered to date,
with multiple units currently in operation and has unrivalled
operational experience in this field. The Company’s main activities
are the design, supply, installation, operation and the life
extension of floating production solutions for the offshore energy
industry. As of December 31, 2018, Group companies employ
approximately 4,350 people worldwide, including circa 650
contractors, which are spread over offices in key markets,
operational shore bases and the offshore fleet of vessels. Group
Companies employ a further 400 people, working for the joint
ventures with two construction yards. For further information,
please visit our website at www.sbmoffshore.com. The companies
in which SBM Offshore N.V. directly and indirectly owns investments
are separate entities. In this communication “SBM Offshore” is
sometimes used for convenience where references are made to SBM
Offshore N.V. and its subsidiaries in general, or where no useful
purpose is served by identifying the particular company or
companies.
The Management BoardAmsterdam, the Netherlands,
April 17, 2019
Financial Calendar |
Date |
Year |
Trading Update 1Q 2019 – Press
Release |
May
16 |
2019 |
Half-Year 2019 Earnings – Press
Release |
August
8 |
2019 |
Trading Update 3Q 2019 – Press
Release |
November 14 |
2019 |
Full-Year 2019 Earnings – Press
Release |
February 13 |
2020 |
Annual General Meeting of
Shareholders |
April
8 |
2020 |
For further information, please contact:
Investor RelationsBert-Jaap
DijkstraDirector Corporate Finance and IR
Telephone: |
+31 (0) 20 236 3222 |
Mobile: |
+31 (0) 6 21 14 10 17 |
E-mail: |
bertjaap.dijkstra@sbmoffshore.com |
Website: |
www.sbmoffshore.com |
Media Relations
Vincent KempkesGroup Communications Director
Telephone: |
+31 (0) 20 2363 170 |
Mobile: |
+31 (0) 6 25 68 71 67 |
E-mail: |
vincent.kempkes@sbmoffshore.com |
Website: |
www.sbmoffshore.com |
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Disclaimer
This press release contains inside information
within the meaning of Article 7(1) of the EU Market Abuse
Regulation. Some of the statements contained in this release that
are not historical facts are statements of future expectations and
other forward-looking statements based on management’s current
views and assumptions and involve known and unknown risks and
uncertainties that could cause actual results, performance, or
events to differ materially from those in such statements. Such
forward-looking statements are subject to various risks and
uncertainties, which may cause actual results and performance of
the Company’s business to differ materially and adversely from the
forward-looking statements. Certain such forward-looking statements
can be identified by the use of forward-looking terminology such as
“believes”, “may”, “will”, “should”, “would be”, “expects” or
“anticipates” or similar expressions, or the negative thereof, or
other variations thereof, or comparable terminology, or by
discussions of strategy, plans, or intentions. Should one or more
of these risks or uncertainties materialize, or should underlying
assumptions prove incorrect, actual results may vary materially
from those described in this release as anticipated, believed, or
expected. SBM Offshore NV does not intend, and does not assume any
obligation, to update any industry information or forward-looking
statements set forth in this release to reflect subsequent events
or circumstances. Nothing in this press release shall be
deemed an offer to sell, or a solicitation of an offer to buy, any
securities.
- Weekly share repurchase program transaction details
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