February 29, 2024
SBM Offshore reports that it has completed the repurchase of 50,000 shares.
The repurchases were made under the program announced on and effective from February 29, 2024. The objective of the program was to meet obligations from regular management and employee share programs.
On February 29, 2024, a total of 50,000 common shares were repurchased, at an average price of EUR 13.14 per share, representing a total of EUR 657,121. Information regarding the aggregate of the transactions for the period during which the program was executed can be found in the top half of the table below. Further detailed information regarding all individual transactions can be accessed via the Investors section of the Company’s website.
Final Period Share Repurchase Program Transaction Details
SBM Offshore reports the transaction details related to the repurchases under the program on February 29, 2024 in the table below.
Share Repurchase Program Overall progress share-plan-related Program: Total number of shares to be purchased 50,000Cumulative number of repurchased shares 50,000Cumulative Repurchase Amount EUR 657,121Cumulative Average Repurchase Price EUR 13.14Start Date February 29, 2024End Date February 29, 2024Percentage of program completed 100% Overview of details: Trade DateQuantity RepurchasedAverage Purchase PriceSettlement AmountFebruary 29, 202450,000EUR 13.14EUR 657,121Total150,000EUR 13.14EUR 657,121 1All shares purchased on Euronext Amsterdam.
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-plan-related 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 DateYearAnnual General Meeting April 122024First Quarter 2024 Trading Update May 82024Half Year 2024 Earnings August 82024Third Quarter 2024 Trading Update November 142024Full Year 2024 Earnings February 202025
For further information, please contact:
Investor Relations
Wouter Holties
Corporate Finance & Investor Relations Manager
Mobile:+31 (0) 6 23 34 37 64E-mail:wouter.holties@sbmoffshore.comWebsite:www.sbmoffshore.com
Media Relations
Evelyn Tachau Brown
Group Communications & Change Director
Mobile:+377 (0) 6 40 62 30 34E-mail:evelyn.tachau-brown@sbmoffshore.comWebsite: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 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.
Attachment
Completion 2024 Company share-plan related repurchase of 50,000 shares