Sbm Offshore - SBFFF STOCK NEWS

SBM Offshore has reported details of its EUR130 million (approximately US$140 million) share repurchase program for the period February 13-19, 2025. The program, initially announced on February 29, 2024, for EUR65 million and later increased by another EUR65 million on August 8, 2024, aims to reduce share capital and provide shares for management and employee share programs.

The company, which specializes in deepwater ocean-infrastructure and employs over 7,400 people globally, is focused on delivering cleaner, more efficient energy production and expanding into new blue economy markets. The share repurchase transactions are being conducted through Euronext Amsterdam, CBOE DXE, and Turquoise platforms.

SBM Offshore has announced that Bernard Bajolet will step down as member of the Supervisory Board after the 2025 Annual General Meeting, concluding seven years of service. Bajolet will continue his involvement with the company as an advisor. The announcement was made by Roeland Baan, who expressed gratitude for Bajolet's valuable contributions to the company.

SBM Offshore, the world's deepwater ocean-infrastructure expert, focuses on designing, constructing, installing, and operating offshore floating facilities. The company employs over 7,400 people globally and aims to deliver cleaner, more efficient energy production while expanding into new blue economy markets.

SBM Offshore announces that FPSO Almirante Tamandaré has achieved first oil and is formally on hire as of February 16, 2025, following a successful 72-hour continuous production test. The vessel is Brazil's largest oil producing unit, with a capacity of 225,000 barrels of oil and 12 million m3 of gas per day.

The FPSO features advanced emission reduction technologies, including closed flare technology, resulting in a greenhouse gas emission intensity below 10 kgCO2e/boe. It is the first unit in Brazil to receive a Sustainability-1 Notation certification.

The vessel is owned by SBM Offshore (55%) and partners (45%), operating under a 26.25-year charter with Petrobras at the Búzios unitized field, located approximately 180 kilometers offshore Rio de Janeiro.

SBM Offshore (SBFFF) has reported details of its ongoing EUR130 million (c. US$140 million) share repurchase program for February 6-12, 2025. The program, initially announced at EUR65 million on February 29, 2024, was increased by an additional EUR65 million on August 8, 2024. As of February 12, 2025, the company has completed 80.56% of the program, repurchasing 6,613,461 shares at an average price of EUR15.84, totaling EUR104,730,680.

During the latest five trading days, the company repurchased 102,181 shares at an average price of EUR18.46, amounting to EUR1,886,470. The program's objectives are to reduce share capital and provide shares for management and employee share programs. All purchases were executed via Euronext Amsterdam, CBOE DXE, and Turquoise.

SBM Offshore (SBFFF) has reported details of its EUR130 million (c. US$140 million) share repurchase program for January 30-February 5, 2025. The program, initially announced at EUR65 million on February 29, 2024, and increased by another EUR65 million on August 8, 2024, aims to reduce share capital and provide shares for employee programs.

As of February 5, 2025, the company has completed 79.11% of the program, repurchasing 6,511,280 shares at an average price of EUR15.79, totaling EUR102,844,210. In the last five trading days, 107,409 shares were repurchased at an average price of EUR18.07, amounting to EUR1,941,079.

SBM Offshore has completed two significant transactions with MISC Berhad as announced on September 6, 2024. The company has acquired MISC Berhad's complete equity interest in the lease and operating entities of FPSO Espirito Santo in Brazil, while simultaneously divesting its equity interest in the lease and operating entities of FPSO Kikeh in Malaysia to MISC Berhad.

This strategic move aligns with SBM Offshore's portfolio rationalization strategy to 'maintain focus and excellence' in operations. The company, as a global deepwater ocean-infrastructure expert, continues to focus on delivering cleaner energy production solutions and expanding into new blue economy markets with over 7,400 employees worldwide.

SBM Offshore (SBFFF) has provided an update on its EUR130 million (c. US$140 million) share repurchase program for January 23-29, 2025. The program, initially announced at EUR65 million on February 29, 2024, and increased by another EUR65 million on August 8, 2024, aims to reduce share capital and provide shares for employee programs.

As of January 29, 2025, the company has completed 77.62% of the program, repurchasing 6,403,871 shares at an average price of EUR15.76, totaling EUR100,903,131. In the last five trading days, 111,378 shares were repurchased at an average price of EUR17.88, amounting to EUR1,991,478.

SBM Offshore has reported the latest transaction details of its EUR130 million (c. US$140 million) share repurchase program for January 16-22, 2025. The program, initially announced at EUR65 million on February 29, 2024, was increased by an additional EUR65 million on August 8, 2024.

As of January 22, 2025, the company has completed 76.09% of the program, repurchasing 6,292,493 shares at an average price of EUR15.72, totaling EUR98,911,653. In the last five trading days, 104,569 shares were repurchased at an average price of EUR18.12, amounting to EUR1,894,923.

The program's objectives are to reduce share capital and provide shares for regular management and employee share programs. All purchases were executed via Euronext Amsterdam, CBOE DXE and Turquoise.

SBM Offshore announced the appointment of two new Supervisory Board members, Lucia de Andrade and Denise Dettingmeijer, at an Extraordinary General Meeting held on January 17, 2025. Their appointments are effective immediately and will last until the Annual General Meeting in 2029.

SBM Offshore, a global leader in deepwater ocean-infrastructure, employs over 7,400 people worldwide. The company focuses on designing, constructing, installing, and operating offshore floating facilities, contributing to cleaner energy production and expanding into new blue economy markets.