Weekly share repurchase program transaction details
06 Novembre 2024 - 8:12PM
UK Regulatory
Weekly share repurchase program transaction details
November 6, 2024
SBM Offshore reports the transaction details
related to its EUR130 million (c. US$140 million) share repurchase
program for the period October 31, 2024 through November 6,
2024.
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 November 6, 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 130,000,000 |
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Cumulative Repurchase Amount |
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EUR 72,337,465 |
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Cumulative Quantity Repurchased |
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4,746,993 |
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Cumulative Average Repurchase Price |
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EUR 15.24 |
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Start Date |
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March 1, 2024 |
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Percentage of program completed as of November 6, 2024 |
55.64% |
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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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October 31,
2024 |
32,371 |
EUR 16.73 |
EUR 541,496 |
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November 1,
2024 |
26,993 |
EUR 16.95 |
EUR 457,566 |
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November 4,
2024 |
27,819 |
EUR 16.97 |
EUR 472,216 |
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November 5,
2024 |
27,730 |
EUR 16.98 |
EUR 470,772 |
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November 6,
2024 |
25,089 |
EUR 17.24 |
EUR 432,591 |
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Total |
140,002 |
EUR 16.96 |
EUR 2,374,642 |
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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 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 |
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Date |
Year |
Third Quarter
2024 Trading Update |
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November 14 |
2024 |
Full Year 2024
Earnings |
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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 |
Half Year 2025
Earnings |
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August 7 |
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
Evelyn Tachau Brown
Group 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 ‘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.
This release contains certain alternative
performance measures (APMs) as defined by the ESMA guidelines which
are not defined under IFRS. Further information on these APMs is
included in the Half-Year Management Report accompanying the Half
Year Earnings 2024 report, available on our website
https://www.sbmoffshore.com/investors/financial-disclosures.
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
“F4W®” are proprietary marks owned by SBM Offshore.
- Press Release Week 44 & 45 - October 31 to November 6,
2024
SBM Offshore NV (EU:SBMO)
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