Weekly share repurchase program transaction details
April 30 2024 - 12:57PM
Weekly share repurchase program transaction details
April 30, 2024
SBM Offshore reports the transaction details
related to its EUR65 million (c. US$70 million) share repurchase
program for the period April 25, 2024 through April 30, 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
April 30, 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 13,440,301 |
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Cumulative Quantity Repurchased |
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943,205 |
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Cumulative Average Repurchase Price |
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EUR 14.25 |
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Start Date |
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March 1, 2024 |
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Percentage of program completed as of April 30, 2024 |
20.68% |
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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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April 25, 2024 |
42,208 |
EUR
14.20 |
EUR
599,278 |
|
April 26, 2024 |
42,321 |
EUR
14.17 |
EUR
599,539 |
|
April 29, 2024 |
20,000 |
EUR
14.22 |
EUR
284,479 |
|
April 30, 2024 |
42,450 |
EUR
14.13 |
EUR
599,718 |
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May 1,
2024 |
Stock markets are closed |
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Total |
146,979 |
EUR 14.17 |
EUR 2,083,014 |
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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 |
First Quarter 2024 Trading Update |
|
May
8 |
2024 |
Half Year 2024 Earnings |
|
August
8 |
2024 |
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 |
For further information, please contact:
Investor Relations
Wouter HoltiesCorporate Finance & Investor
Relations Manager
Mobile: |
+31 (0) 6 23 34 37 64 |
E-mail: |
wouter.holties@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 RegulationThis press release may
contain inside information within the meaning of Article 7(1) of
the EU Market Abuse Regulation.
DisclaimerSome 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 “Float4Wind®” are proprietary marks owned by
SBM Offshore.
- Press Release Week 17 & 18 - April 25 to April 30,
2024
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