Weekly share repurchase program transaction details

Udgivet den 10-04-2024  |  kl. 16:52  |  

April 10, 2024

SBM Offshore reports the transaction details related to its EUR65 million (c. US$70 million) share repurchase program for the period April 4, 2024 through April 10, 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 10, 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    
       
Overall progress Share Repurchase Program:    
         
Total Repurchase Amount   EUR 65,000,000  
Cumulative Repurchase Amount   EUR 8,129,293  
Cumulative Quantity Repurchased   572,174  
Cumulative Average Repurchase Price   EUR 14.21  
Start Date     March 1, 2024  
Percentage of program completed as of April 10, 2024 12.51%  
         
Overview of details of last 5 trading days:    
         
Trade Date Quantity Repurchased Average Purchase Price Settlement Amount  
April 4, 2024  20,522 EUR 14.80 EUR 303,748  
April 5, 2024  20,656  EUR 14.77 EUR 305,064  
April 8, 2024  20,465  EUR 14.91 EUR 305,141  
April 9, 2024  20,546  EUR 14.85 EUR 305,151  
April 10, 2024  15,162  EUR 14.76 EUR 223,822  
Total 97,351 EUR 14.82 EUR 1,442,928  
               

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
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
Full Year 2024 Earnings   February 20 2025

For further information, please contact:

Investor Relations

Wouter Holties
Corporate 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 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.
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

Press Release Week 14 & 15 - April 4 to April 10, 2024

\Hugin

Udgivet af: NPinvestordk

Seneste nyheder

16:44 Netcompany får løftet kursmålet til 365 kr. fra 345 kr. af Carnegie
16:17 Prisen på containerfragt stiger for første gang i 15 uger
15:28 Mærsk-aktie sendes op: Aktierådgiver peger på udsigt til at genoverveje aktietilbagekøb
14:51 Amerikansk aktivitetsindeks skuffer stort
14:48 USA/åbning: Rød åbning med modvind til Meta og Microsoft
13:18 USA/tendens: Microsoft og Meta kan koste rød åbning
13:03 Lundbeck fremlægger positive fase 3-resultater med migrænemiddel
12:59 Norden-topchef ser svagt tankmarked fra øget konkurrence - men der er tegn på bedring
12:43 Europa/aktier: Vigtigt aktieindeks på vej mod værste måned i et år
12:39 Renten har peaket - vi skal finde indtjening andre steder siger Danske Banks topchef
12:09 Obligationer/middag: Eurozonens inflationstal skuffer - renten ligger en smule højere
11:47 Aktier/middag: Stærk regnskabstrio forhindrer ikke nyt C25-dyk
11:27 Gubra i stejl nedtur: Tysk partner skrinlægger vægttabskandidat
11:19 Inflationstakten i eurozonen stiger - seniorøkonom afblæser panik
11:17 Gubras tyske partner skrinlægger vægttabskandidat - aktien falder tungt
11:14 Prisen på containerfragt stiger for første gang i 15 uger
10:59 Coloplast-rival styrtdykker efter modvind i Kina
10:34 Carlsbergs topchef: Forbrugerne holder igen og særligt i Kina er forbruget skruet ned
10:01 Netcompany/CEO: Øget aktietilbagekøbsprogram vidner om tro på selskabet og kunderne
09:36 Aktier/åbning: Mærsk og Danske Bank jorder indledende kursfald