Company share-plan-related repurchase of 350,000 shares
09 November 2023 - 5:05PM
Company share-plan-related repurchase of 350,000 shares
November 9, 2023
On November 9, 2023, SBM Offshore will start the
repurchase of 350,000 of its own ordinary shares to meet
obligations from regular management and employee share programs. At
yesterday’s closing price on Euronext Amsterdam, the program would
cost approximately EUR4.1 million (c. USD4.4 million).
The repurchase program is expected to be
completed up to and including December 29, 2023 or sooner if the
maximum number of repurchased shares is reached earlier, pursuant
to the authorization granted by the Annual General Meeting of the
Company on April 13, 2023.
The execution of the share repurchase program
will be done under the terms of an engagement letter with a third
party, performed in compliance with the safe harbor provisions for
share repurchases. Accordingly, transactions may be carried out
during closed periods.
In accordance with the European Market Abuse
Regulation, the Company will inform the market of the progress made
in the execution of this program through weekly press releases and
updates on its website.
Corporate Profile
SBM Offshore designs, builds, installs and
operates offshore floating facilities for the offshore energy
industry. As a leading technology provider, we put our marine
expertise at the service of a responsible energy transition by
reducing emissions from fossil fuel production, while developing
cleaner solutions for renewable energy sources.
More than 7,000 SBMers worldwide are committed
to sharing their experience to deliver safe, sustainable and
affordable energy from the oceans for generations to come.
For further information, please visit our
website at www.sbmoffshore.com.
Financial Calendar |
|
Date |
Year |
Full Year 2023
Earnings |
|
February 29 |
2024 |
Annual General
Meeting |
|
April 12 |
2024 |
First Quarter
2024 Trading Update |
|
May 8 |
2024 |
Half Year 2024
Earnings |
|
August 8 |
2024 |
Third Quarter
2024 Trading Update |
|
November 14 |
2024 |
For further information, please contact:
Investor Relations
Ludovic RobinoInvestor Relations Manager
Mobile: |
+31 (0) 6 15 16 50 35 |
E-mail: |
ludovic.robino@sbmoffshore.com |
Website: |
www.sbmoffshore.com |
Media Relations
Evelyn Tachau BrownGroup Communications &
Change Director
Mobile: |
+377 (0) 6 40 62 30 34 |
E-mail: |
evelyn.tachau-brown@sbmoffshore.com |
Website: |
www.sbmoffshore.com |
Market Abuse Regulation
This press release may contain inside
information within the meaning of Article 7(1) of the EU Market
Abuse Regulation.
Disclaimer
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. These
statements may be identified by words such as ‘expect’, ‘should’,
‘could’, ‘shall’ and similar expressions. Such forward-looking
statements are subject to various risks and uncertainties. The
principal risks which could affect the future operations of SBM
Offshore N.V. are described in the ‘Risk Management’ section of the
2022 Annual Report.
Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove
incorrect, actual results and performance of the Company’s business
may vary materially and adversely from the forward-looking
statements described in this release. SBM Offshore 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 new information, subsequent events or otherwise.
Nothing in this release shall be deemed an offer
to sell, or a solicitation of an offer to buy, any securities. The
companies in which SBM Offshore N.V. directly and indirectly owns
investments are separate legal entities. In this release “SBM
Offshore” and “SBM” are sometimes used for convenience where
references are made to SBM Offshore N.V. and its subsidiaries in
general. These expressions are also used where no useful purpose is
served by identifying the particular company or companies.
"SBM Offshore®", the SBM logomark, “Fast4Ward®”,
“emissionZERO®” and “Float4Wind®” are proprietary marks owned by
SBM Offshore.
- Company share-plan-related repurchase of 350,000 shares
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