Sbm Offshore - SBFFF STOCK NEWS

SBM Offshore announced details of its EUR 65 million (approx. US$70 million) share repurchase program for the week of July 4, 2024 to July 10, 2024. The program, initiated on March 1, 2024, aims to reduce share capital. As of July 10, 2024, EUR 32,282,536 worth of shares have been repurchased, totaling 2,288,654 shares at an average price of EUR 14.11. Within the last five trading days, the company repurchased 122,197 shares for EUR 1,728,650 at an average price of EUR 14.15. The repurchases were executed on Euronext Amsterdam, CBOE DXE, and Turquoise. This update complies with the Market Abuse Regulation.

SBM Offshore and Technip Energies announced the formal implementation of Ekwil, a joint venture focused on Floating Offshore Wind (FOW) solutions. Ekwil, owned equally by both companies, aims to provide a diversified range of series production FOW technologies to meet global energy demands. The joint venture will leverage the technologies Semi-submersible INO15 by Technip Energies and Tension Leg Platform Float4Wind by SBM Offshore, aiming for commercial deployment. Ekwil, headquartered in France, will rely on a team of 40 specialists and the extensive resources of both parent companies. Séverine Baudic, formerly with SBM Offshore, will serve as CEO, and Willy Gauttier, from Technip Energies, as COO. This initiative underscores the commitment of both partners to advancing low-carbon solutions and supporting the global net-zero trajectory.

SBM Offshore has shared the transaction details for its EUR 65 million share repurchase program, which commenced on March 1, 2024. As of July 3, 2024, the company has repurchased shares worth EUR 30.55 million, accounting for 47.01% of the total program. In the last five trading days, SBM Offshore repurchased 97,381 shares at an average price of EUR 14.27, totaling EUR 1.39 million. The objective of this program is to reduce share capital, and detailed information on daily transactions is available on the company's website.

SBM Offshore has provided details regarding its EUR 65 million (approx. US$70 million) share repurchase program for the period from June 20, 2024, to June 26, 2024. This program, which started on March 1, 2024, aims to reduce the company's share capital. As of June 26, 2024, SBM Offshore has completed 44.87% of the program, repurchasing shares worth EUR 29,164,353 at an average price of EUR 14.10 per share, totaling 2,069,076 shares.

For the recent week, 130,525 shares were repurchased at an average price of EUR 13.93, amounting to EUR 1,818,857. Detailed transaction information is available on SBM Offshore's website under the Investors section.

SBM Offshore announces the progress of its EUR 65 million (approximately USD 70 million) share repurchase program active from March 1, 2024. As of June 19, 2024, the company has repurchased shares worth EUR 27,345,496, representing 42.07% of the target. During the week of June 13-19, 2024, SBM Offshore repurchased 163,799 shares at an average price of EUR 13.74, costing EUR 2,250,673. Daily repurchase details included 34,060 shares on June 13 at EUR 14.01, 43,156 shares on June 14 at EUR 13.66, 29,167 shares on June 17 at EUR 13.55, 27,816 shares on June 18 at EUR 13.67, and 29,600 shares on June 19 at EUR 13.81. The program aims to reduce share capital, with more detailed information accessible via SBM Offshore's website.

SBM Offshore has reported details of its EUR65 million share repurchase program for the period from June 6, 2024, to June 12, 2024. The program, initiated on March 1, 2024, aims to reduce share capital. To date, EUR25.09 million has been repurchased, covering 1,774,752 shares at an average price of EUR14.14. In the past week, 103,298 shares were bought back for a total of EUR1.48 million at an average price of EUR14.38. The company has completed 38.61% of the program as of June 12, 2024. Further transaction details and progress updates are available on SBM Offshore's website.

SBM Offshore has completed the acquisition of shares in the lease and operating entities for FPSOs N’Goma, Saxi Batuque, and Mondo from Sonangol EP. This acquisition brings SBM Offshore’s ownership in the FPSOs Saxi Batuque and Mondo to 100% and in FPSO N’Goma to 80%. Additionally, SBM Offshore has sold all its shares in the parent company of the Paenal shipyard in Angola to a subsidiary of Sonangol EP. The net consideration for these transactions is approximately $40 million. SBM Offshore also signed an MOU with Angola Offshore Services (AOSL) regarding the potential purchase of 20% of SBM Offshore's shareholding in FPSO N’Goma, pending several conditions. This reorganization focuses SBM Offshore's business on core lease and operate activities in Angola while divesting non-core construction assets.

On June 6, 2024, SBM Offshore announced that, in partnership with Technip Energies and TotalEnergies EP Suriname B.V., it has reserved a Fast4Ward® hull for the Block 58 development project offshore Suriname. TotalEnergies holds a 50% interest, with APA holding the other 50%. The final investment decision is expected in Q4 2024, with production start-up planned for 2028. SBM Offshore specializes in designing, building, installing, and operating offshore floating facilities, focusing on reducing fossil fuel emissions and developing sustainable energy solutions.

SBM Offshore has provided an update on its EUR65 million share repurchase program for the period between May 30, 2024, and June 5, 2024.

The company repurchased 118,423 shares at an average price of EUR 14.06, totaling EUR 1,665,569. Since the program began on March 1, 2024, SBM Offshore has repurchased 1,671,454 shares at an average price of EUR 14.13, amounting to EUR 23,609,901. This represents 36.32% of the total program completion.

The objective of the repurchase program, announced on February 29, 2024, is to reduce share capital. Detailed information regarding the program's progress and individual transactions can be found on SBM Offshore's website.

SBM Offshore specializes in designing, building, installing, and operating offshore floating facilities for the energy industry, aiming for a responsible energy transition. Key upcoming dates include the Half Year 2024 Earnings on August 8, 2024, and the Third Quarter 2024 Trading Update on November 14, 2024.