Weekly share repurchase program transaction details
18 July 2024 - 2:24AM
UK Regulatory
Weekly share repurchase program transaction details
July 17, 2024
SBM Offshore reports the transaction details
related to its EUR65 million (c. US$70 million) share repurchase
program for the period July 11, 2024 through July 17, 2024.
The repurchases were made under the EUR65
million share repurchase program announced on February 29, 2024 and
effective from March 1, 2024. The objective of the program is to
reduce share capital. 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
July 17, 2024 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 |
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EUR 65,000,000 |
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Cumulative Repurchase Amount |
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EUR 33,676,621 |
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Cumulative Quantity Repurchased |
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2,386,392 |
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Cumulative Average Repurchase Price |
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EUR 14.11 |
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Start Date |
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March 1, 2024 |
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Percentage of program completed as of July 17, 2024 |
51.81% |
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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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July 11,
2024 |
25,080 |
EUR 14.05 |
EUR 352,387 |
|
July 12,
2024 |
18,560 |
EUR 14.35 |
EUR 266,388 |
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July 15,
2024 |
17,763 |
EUR 14.29 |
EUR 253,805 |
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July 16,
2024 |
18,687 |
EUR 14.28 |
EUR 266,927 |
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July 17,
2024 |
17,648 |
EUR 14.43 |
EUR 254,578 |
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Total |
97,738 |
EUR 14.26 |
EUR 1,394,084 |
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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, details of which are available 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 alternative energy sources.
More than 7,400 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 |
Half Year 2024
Earnings |
|
August 8 |
2024 |
Third Quarter
2024 Trading Update |
|
November 14 |
2024 |
Full Year 2024
Earnings |
|
February 20 |
2025 |
Annual General
Meeting |
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April 9 |
2025 |
First Quarter
2025 Trading Update |
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May 15 |
2025 |
For further information, please contact:
Investor Relations
Wouter Holties
Corporate Finance & Investor Relations Manager
Mobile: |
+31 (0) 2 02 36 32 36 |
E-mail: |
wouter.holties@sbmoffshore.com |
Website: |
www.sbmoffshore.com |
Media Relations
Anne Guerin-Moens
Group HR & Communications Director
Mobile: |
+377 92 05 15 09 |
E-mail: |
anne.guerin-moens@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 ‘Impact, Risk and Opportunity Management’ section
of the 2023 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
“Float4WindTM” are proprietary marks owned by SBM
Offshore.
- Press Release Week 28 & 29 - July 11 to July 17, 2024
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