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 50,000
Cumulative number of repurchased
shares 50,000
Cumulative Repurchase Amount EUR 657,121
Cumulative Average Repurchase Price EUR 13.14
Start Date February 29, 2024
End Date February 29, 2024
Percentage of program completed 100%
Overview of details:
Average Purchase
Trade Date Quantity Repurchased Price Settlement Amount
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February 29, 2024 50,000 EUR 13.14 EUR 657,121
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Total(1) 50,000 EUR 13.14 EUR 657,121
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(1)All 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
(http://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
wouter.holties@sbmoffshore.com
E-mail: (mailto:wouter.holties@sbmoffshore.com)
Website: www.sbmoffshore.com (http://www.sbmoffshore.com)
Media Relations
Evelyn Tachau Brown
Group Communications & Change Director
Mobile: +377 (0) 6 40 62 30 34
evelyn.tachau-brown@sbmoffshore.com (mailto:evelyn.tachau-
E-mail: brown@sbmoffshore.com)
Website: www.sbmoffshore.com (http://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.
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