Weekly share repurchase program transaction details
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 (SBFFF) ha riportato i dettagli del suo programma di riacquisto di azioni del valore di 130 milioni di euro (circa 140 milioni di dollari) per il periodo dal 30 gennaio al 5 febbraio 2025. Il programma, inizialmente annunciato al valore di 65 milioni di euro il 29 febbraio 2024, è stato aumentato di altri 65 milioni di euro l'8 agosto 2024, e ha l'obiettivo di ridurre il capitale sociale e fornire azioni per i programmi per i dipendenti.
Fino al 5 febbraio 2025, l'azienda ha completato il 79,11% del programma, riacquistando 6.511.280 azioni a un prezzo medio di 15,79 euro, per un totale di 102.844.210 euro. Negli ultimi cinque giorni di negoziazione, sono state riacquistate 107.409 azioni a un prezzo medio di 18,07 euro, per un importo di 1.941.079 euro.
SBM Offshore (SBFFF) ha informado sobre los detalles de su programa de recompra de acciones de 130 millones de euros (aproximadamente 140 millones de dólares) para el periodo del 30 de enero al 5 de febrero de 2025. El programa, anunciado inicialmente por 65 millones de euros el 29 de febrero de 2024, se incrementó en otros 65 millones de euros el 8 de agosto de 2024, con el objetivo de reducir el capital social y proporcionar acciones para programas de empleados.
Hasta el 5 de febrero de 2025, la empresa ha completado el 79,11% del programa, recomprando 6.511.280 acciones a un precio promedio de 15,79 euros, totalizando 102.844.210 euros. En los últimos cinco días de negociación, se recompraron 107.409 acciones a un precio promedio de 18,07 euros, lo que equivale a 1.941.079 euros.
SBM Offshore (SBFFF)는 2025년 1월 30일부터 2월 5일까지 1억 3천만 유로(약 1억 4천만 달러) 주식 재매입 프로그램의 세부 사항을 보고했습니다. 이 프로그램은 2024년 2월 29일에 6천5백만 유로로 처음 발표되었고, 2024년 8월 8일에 또 다른 6천5백만 유로로 증액되어, 자본금을 줄이고 직원 프로그램에 사용할 주식을 제공하는 것을 목표로 하고 있습니다.
2025년 2월 5일 기준으로, 회사는 프로그램의 79.11%를 완료하였으며, 평균 가격 15.79 유로로 6,511,280주를 재매입하여 총 102,844,210 유로에 달합니다. 지난 5일 동안 107,409주가 평균 18.07 유로에 재매입되어 총 1,941,079 유로가 되었습니다.
SBM Offshore (SBFFF) a rapporté les détails de son programme de rachat d'actions de 130 millions d'euros (environ 140 millions de dollars) pour la période du 30 janvier au 5 février 2025. Le programme, initialement annoncé à 65 millions d'euros le 29 février 2024, a été augmenté de 65 millions d'euros supplémentaires le 8 août 2024, dans le but de réduire le capital social et de fournir des actions pour les programmes des employés.
Au 5 février 2025, l'entreprise a complété 79,11 % du programme, ayant racheté 6.511.280 actions à un prix moyen de 15,79 euros, totalisant 102.844.210 euros. Au cours des cinq derniers jours de trading, 107.409 actions ont été rachetées à un prix moyen de 18,07 euros, ce qui représente un montant de 1.941.079 euros.
SBM Offshore (SBFFF) hat die Einzelheiten seines Aktienrückkaufprogramms in Höhe von 130 Millionen Euro (ca. 140 Millionen US-Dollar) für den Zeitraum vom 30. Januar bis 5. Februar 2025 bekannt gegeben. Das Programm, das am 29. Februar 2024 zunächst mit 65 Millionen Euro angekündigt und am 8. August 2024 um weitere 65 Millionen Euro erhöht wurde, zielt darauf ab, das Eigenkapital zu reduzieren und Aktien für Mitarbeiterprogramme bereitzustellen.
Am 5. Februar 2025 hat das Unternehmen 79,11 % des Programms abgeschlossen und 6.511.280 Aktien zu einem Durchschnittspreis von 15,79 Euro zurückgekauft, was insgesamt 102.844.210 Euro entspricht. In den letzten fünf Handelstagen wurden 107.409 Aktien zu einem Durchschnittspreis von 18,07 Euro zurückgekauft, was 1.941.079 Euro entspricht.
- 79.11% completion of EUR130 million share repurchase program shows strong execution
- Program demonstrates commitment to returning value to shareholders
- Average repurchase price of EUR15.79 indicates efficient capital allocation
- Increasing average purchase price in recent trades (EUR18.07) compared to program average (EUR15.79) suggests less favorable buying conditions
Amsterdam, February 5, 2025
SBM Offshore reports the transaction details related to its EUR130 million (c. US
The repurchases were made under the EUR65 million share repurchase program announced on February 29, 2024, effective from March 1, 2024 and increased by EUR65 million as announced on August 8, 2024. The objective of the program is to reduce share capital and, in addition, to provide shares for regular management and employee share programs. 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 February 5, 2025 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 130,000,000 | ||||||
| Cumulative Repurchase Amount | EUR 102,844,210 | ||||||
| Cumulative Quantity Repurchased | 6,511,280 | ||||||
| Cumulative Average Repurchase Price | EUR 15.79 | ||||||
| Start Date | March 1, 2024 | ||||||
| Percentage of program completed as of February 5, 2025 | |||||||
| Overview of details of last 5 trading days: | |||||||
| Trade Date | Quantity Repurchased | Average Purchase Price | Settlement Amount | ||||
| January 30, 2025 | 23,349 | EUR 17.76 | EUR 414,625 | ||||
| January 31, 2025 | 22,242 | EUR 17.99 | EUR 400,036 | ||||
| February 3, 2025 | 21,288 | EUR 18.06 | EUR 384,566 | ||||
| February 4, 2025 | 20,286 | EUR 18.21 | EUR 369,503 | ||||
| February 5, 2025 | 20,244 | EUR 18.39 | EUR 372,350 | ||||
| Total | 107,409 | EUR 18.07 | EUR 1,941,079 | ||||
1All 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 and August 8, 2024, details of which are available on its website.
Corporate Profile
SBM Offshore is the world’s deepwater ocean-infrastructure expert. Through the design, construction, installation, and operation of offshore floating facilities, we play a pivotal role in a just transition. By advancing our core, we deliver cleaner, more efficient energy production. By pioneering more, we unlock new markets within the blue economy.
More than 7,400 SBMers collaborate worldwide to deliver innovative solutions as a responsible partner towards a sustainable future, balancing ocean protection with progress.
For further information, please visit our website at www.sbmoffshore.com.
| Financial Calendar | Date | Year | |
| Full Year 2024 Earnings | February 20 | 2025 | |
| Annual General Meeting | April 9 | 2025 | |
| First Quarter 2025 Trading Update | May 15 | 2025 | |
| Half Year 2025 Earnings | August 7 | 2025 | |
| Third Quarter 2025 Trading Update | November 13 | 2025 |
For further information, please contact:
Investor Relations
Wouter Holties
Corporate Finance & Investor Relations Manager
| Mobile: | +31 (0) 2 02 36 32 36 |
| E-mail: | wouter.holties@sbmoffshore.com |
| Website: | www.sbmoffshore.com |
Media Relations
Giampaolo Arghittu
Head of External Relations
| Phone: | +31 (0)6 212 62 333 / +39 33 494 79 584 |
| E-mail: | giampaolo.arghittu@sbmoffshore.com |
| Website: | 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.
This release contains certain alternative performance measures (APMs) as defined by the ESMA guidelines which are not defined under IFRS. Further information on these APMs is included in the Half-Year Management Report accompanying the Half Year Earnings 2024 report, available on our website https://www.sbmoffshore.com/investors/financial-disclosures.
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 “F4W®” are proprietary marks owned by SBM Offshore.
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FAQ
What is the total value of SBFFF's current share repurchase program?
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What is the average share repurchase price for SBFFF's buyback program?
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When did SBFFF increase its share repurchase program?
