August 21, 2024
SBM Offshore experiences the transaction particulars associated to its EUR130 million (c. US$140 million) share repurchase program for the interval August 15, 2024 by means of August 21, 2024.
The repurchases have been made beneath the EUR65 million share repurchase program introduced on February 29, 2024, efficient from March 1, 2024 and elevated by EUR65 million as introduced on August 8, 2024. The target of this system is to scale back share capital and, as well as, to supply shares for normal administration and worker share packages. Info concerning the progress of the share repurchase program and the combination of the transactions (calculated each day) for the interval March 1, 2024 by means of August 21, 2024 might be discovered within the high half of the desk under. Additional detailed info concerning each the progress of the share repurchase program and all particular person transactions might be accessed by way of the Traders part of the Firm’s web site.
| Share Repurchase Program | |||||||
| Total progress Share Repurchase Program: | |||||||
| Whole Repurchase Quantity | EUR 130,000,000 | ||||||
| Cumulative Repurchase Quantity | EUR 40,082,714 | ||||||
| Cumulative Amount Repurchased | 2,806,311 | ||||||
| Cumulative Common Repurchase Worth | EUR 14.28 | ||||||
| Begin Date | March 1, 2024 | ||||||
| Proportion of program accomplished as of August 21, 2024 | 30.83% | ||||||
| Overview of particulars of final 5 buying and selling days: | |||||||
| Commerce Date | Amount Repurchased | Common Buy Worth | Settlement Quantity | ||||
| August 15, 2024 | 12,858 | EUR 16.73 | EUR 215,054 | ||||
| August 16, 2024 | 21,105 | EUR 16.64 | EUR 351,255 | ||||
| August 19, 2024 | 16,299 | EUR 16.63 | EUR 271,113 | ||||
| August 20, 2024 | 32,835 | EUR 16.70 | EUR 548,476 | ||||
| August 21, 2024 | 22,512 | EUR 16.64 | EUR 374,674 | ||||
| Whole | 105,609 | EUR 16.67 | EUR 1,760,571 | ||||
1All shares bought by way of Euronext Amsterdam, CBOE DXE and or Turquoise
This press launch comprises info which is to be made publicly obtainable beneath the Market Abuse Regulation (nr. 596/2014). The data issues a daily replace of the transactions carried out beneath SBM Offshore’s present share repurchase program, as introduced by the Firm on February 29, 2024 and August 8, 2024, particulars of which can be found on its web site.
Company Profile
SBM Offshore designs, builds, installs and operates offshore floating services for the offshore vitality business. As a number one know-how supplier, we put our marine experience on the service of a accountable vitality transition by lowering emissions from fossil gas manufacturing, whereas creating cleaner options for different vitality sources.
Greater than 7,400 SBMers worldwide are dedicated to sharing their expertise to ship secure, sustainable and inexpensive vitality from the oceans for generations to return.
For additional info, please go to our web site at www.sbmoffshore.com.
| Monetary Calendar | Date | Yr | |
| Third Quarter 2024 Buying and selling Replace | November 14 | 2024 | |
| Full Yr 2024 Earnings | February 20 | 2025 | |
| Annual Basic Assembly | April 9 | 2025 | |
| First Quarter 2025 Buying and selling Replace | Might 15 | 2025 | |
| Half Yr 2025 Earnings | August 7 | 2025 |
For additional info, please contact:
Investor Relations
Wouter Holties
Company Finance & Investor Relations Supervisor
| Cell: | +31 (0) 2 02 36 32 36 |
| E-mail: | wouter.holties@sbmoffshore.com |
| Web site: | www.sbmoffshore.com |
Media Relations
Evelyn Tachau Brown
Group Communications & Change Director
| Cell: | +377 (0) 6 40 62 30 34 |
| E-mail: | evelyn.tachau-brown@sbmoffshore.com |
| Web site: | www.sbmoffshore.com |
Market Abuse Regulation
This press launch could include inside info inside the which means of Article 7(1) of the EU Market Abuse Regulation.
Disclaimer
A few of the statements contained on this launch that aren’t historic information are statements of future expectations and different forward-looking statements based mostly on administration’s present views and assumptions and contain recognized and unknown dangers and uncertainties that would trigger precise outcomes, efficiency, or occasions to vary materially from these in such statements. These statements could also be recognized by phrases resembling ˜anticipate’, ˜ought to’, ˜might’, ˜shall’ and comparable expressions. Such forward-looking statements are topic to varied dangers and uncertainties. The principal dangers which might have an effect on the long run operations of SBM Offshore N.V. are described within the ˜Affect, Danger and Alternative Administration’ part of the 2023 Annual Report.
Ought to a number of of those dangers or uncertainties materialize, or ought to underlying assumptions show incorrect, precise outcomes and efficiency of the Firm’s enterprise could differ materially and adversely from the forward-looking statements described on this launch. SBM Offshore doesn’t intend and doesn’t assume any obligation to replace any business info or forward-looking statements set forth on this launch to mirror new info, subsequent occasions or in any other case.
This launch comprises sure different efficiency measures (APMs) as outlined by the ESMA pointers which aren’t outlined beneath IFRS. Additional info on these APMs is included within the Half-Yr Administration Report accompanying the Half Yr Earnings 2024 report, obtainable on our web site https://www.sbmoffshore.com/buyers/financial-disclosures.
Nothing on this launch shall be deemed a suggestion to promote, or a solicitation of a suggestion to purchase, any securities. The businesses wherein SBM Offshore N.V. straight and not directly owns investments are separate authorized entities. On this launch SBM Offshore and SBM are typically used for comfort the place references are made to SBM Offshore N.V. and its subsidiaries basically. These expressions are additionally used the place no helpful objective is served by figuring out the actual firm or firms.
“SBM Offshore ®”, the SBM logomark, Fast4Ward ®, emissionZERO ® and F4W ® are proprietary marks owned by SBM Offshore.
- Press Launch Week 33 & 34 – August 15 to August 21, 2024
Supply: SBM Offshore Amsterdam B.V.
