May 22, 2024
SBM Offshore reports the transaction details related to its EUR65 million (c.
US$70 million) share repurchase program for the period May 16, 2024 through May
22, 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 May 22, 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 19,956,769
Cumulative Quantity Repurchased 1,409,482
Cumulative Average Repurchase
Price EUR 14.16
Start Date March 1, 2024
Percentage of program completed as of May 22, 2024 30.70%
Overview of details of last 5 trading days:
Trade Date Quantity Repurchased Average Purchase Price Settlement Amount
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May 16, 2024 33,517 EUR 13.92 EUR 466,599
May 17, 2024 28,800 EUR 13.89 EUR 400,164
May 20, 2024 42,968 EUR 13.90 EUR 597,364
May 21, 2024 20,705 EUR 14.02 EUR 290,346
May 22, 2024 31,904 EUR 14.00 EUR 446,622
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Total 157,894 EUR 13.94 EUR 2,201,095
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(1)All 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
(http://www.sbmoffshore.com).
Financial Calendar Date Year
-------------------------------------------------------------
Half Year 2024 Earnings August 8 2024
Third Quarter 2024 Trading Update November 14 2024
Full Year 2024 Earnings February 20 2025
Annual General Meeting April 9 2025
First Quarter 2025 Trading Update May 15 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 '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.
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