Weekly share repurchase program transaction details
SBM Offshore has reported details of its EUR130 million (US$140 million) share repurchase program for March 27-April 2, 2025. The program, initially announced at EUR65 million on February 29, 2024, was doubled to EUR130 million on August 8, 2024.
As of April 2, 2025, the program has achieved 92.16% completion, with EUR119.8 million spent to repurchase 7,378,431 shares at an average price of EUR16.24. The latest trading week saw 122,017 shares purchased at an average price of EUR19.98, totaling EUR2.44 million.
The primary objectives are to reduce share capital and provide shares for management and employee share programs. All purchases were executed through Euronext Amsterdam, CBOE DXE, and Turquoise exchanges.
SBM Offshore ha riportato i dettagli del suo programma di riacquisto di azioni da 130 milioni di euro (140 milioni di dollari) per il periodo dal 27 marzo al 2 aprile 2025. Il programma, inizialmente annunciato per 65 milioni di euro il 29 febbraio 2024, è stato raddoppiato a 130 milioni di euro l'8 agosto 2024.
Al 2 aprile 2025, il programma ha raggiunto un completamento del 92,16%, con 119,8 milioni di euro spesi per riacquistare 7.378.431 azioni a un prezzo medio di 16,24 euro. L'ultima settimana di trading ha visto l'acquisto di 122.017 azioni a un prezzo medio di 19,98 euro, per un totale di 2,44 milioni di euro.
Gli obiettivi principali sono ridurre il capitale sociale e fornire azioni per i programmi di partecipazione azionaria per la direzione e i dipendenti. Tutti gli acquisti sono stati eseguiti tramite le borse Euronext Amsterdam, CBOE DXE e Turquoise.
SBM Offshore ha informado sobre los detalles de su programa de recompra de acciones de 130 millones de euros (140 millones de dólares) para el período del 27 de marzo al 2 de abril de 2025. El programa, anunciado inicialmente por 65 millones de euros el 29 de febrero de 2024, se duplicó a 130 millones de euros el 8 de agosto de 2024.
Al 2 de abril de 2025, el programa ha alcanzado un 92,16% de completitud, con 119,8 millones de euros gastados en la recompra de 7.378.431 acciones a un precio promedio de 16,24 euros. La última semana de negociación vio la compra de 122.017 acciones a un precio promedio de 19,98 euros, totalizando 2,44 millones de euros.
Los objetivos principales son reducir el capital social y proporcionar acciones para los programas de participación de la dirección y los empleados. Todas las compras se realizaron a través de las bolsas Euronext Ámsterdam, CBOE DXE y Turquoise.
SBM Offshore는 2025년 3월 27일부터 4월 2일까지의 1억 3천만 유로(1억 4천만 달러) 규모의 자사주 매입 프로그램에 대한 세부 정보를 보고했습니다. 이 프로그램은 2024년 2월 29일 6천5백만 유로로 처음 발표되었으며, 2024년 8월 8일에 1억 3천만 유로로 두 배로 늘어났습니다.
2025년 4월 2일 현재, 이 프로그램은 92.16% 완료되었으며, 1억 1천9백80만 유로를 사용하여 7,378,431주를 평균 16.24유로에 재매입했습니다. 최근 거래 주간에는 122,017주가 평균 19.98유로에 매입되어 총 244만 유로가 소요되었습니다.
주요 목표는 자본금 감소와 경영진 및 직원 주식 프로그램을 위한 주식 제공입니다. 모든 매입은 유로넥스트 암스테르담, CBOE DXE 및 터쿼이즈 거래소를 통해 실행되었습니다.
SBM Offshore a rapporté les détails de son programme de rachat d'actions de 130 millions d'euros (140 millions de dollars) pour la période du 27 mars au 2 avril 2025. Le programme, initialement annoncé à 65 millions d'euros le 29 février 2024, a été doublé à 130 millions d'euros le 8 août 2024.
Au 2 avril 2025, le programme a atteint un taux d'achèvement de 92,16%, avec 119,8 millions d'euros dépensés pour racheter 7.378.431 actions à un prix moyen de 16,24 euros. La dernière semaine de négociation a vu l'achat de 122.017 actions à un prix moyen de 19,98 euros, totalisant 2,44 millions d'euros.
Les principaux objectifs sont de réduire le capital social et de fournir des actions pour les programmes d'actions destinés à la direction et aux employés. Tous les achats ont été effectués par le biais des bourses Euronext Amsterdam, CBOE DXE et Turquoise.
SBM Offshore hat Einzelheiten zu seinem Aktienrückkaufprogramm in Höhe von 130 Millionen Euro (140 Millionen US-Dollar) für den Zeitraum vom 27. März bis 2. April 2025 bekannt gegeben. Das Programm, das ursprünglich am 29. Februar 2024 mit 65 Millionen Euro angekündigt wurde, wurde am 8. August 2024 auf 130 Millionen Euro verdoppelt.
Bis zum 2. April 2025 hat das Programm eine Vollständigung von 92,16% erreicht, wobei 119,8 Millionen Euro ausgegeben wurden, um 7.378.431 Aktien zu einem durchschnittlichen Preis von 16,24 Euro zurückzukaufen. In der letzten Handelswoche wurden 122.017 Aktien zu einem durchschnittlichen Preis von 19,98 Euro gekauft, was insgesamt 2,44 Millionen Euro ausmachte.
Die Hauptziele sind die Reduzierung des Grundkapitals und die Bereitstellung von Aktien für Management- und Mitarbeiterbeteiligungsprogramme. Alle Käufe wurden über die Börsen Euronext Amsterdam, CBOE DXE und Turquoise abgewickelt.
- 92.16% completion of the share repurchase program indicates strong execution
- Substantial EUR130 million commitment to return capital to shareholders
- Program supports employee retention through share-based compensation
- Average share repurchase price increased from EUR16.24 (program average) to EUR19.98 (latest week), indicating higher costs
- Capital allocation to buybacks reduces funds available for operations or growth investments
Amsterdam, April 2, 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 April 2, 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 119,805,336 | ||||||
| Cumulative Quantity Repurchased | 7,378,431 | ||||||
| Cumulative Average Repurchase Price | EUR 16.24 | ||||||
| Start Date | March 1, 2024 | ||||||
| Percentage of program completed as of April 2, 2025 | |||||||
| Overview of details of last 5 trading days: | |||||||
| Trade Date | Quantity Repurchased | Average Purchase Price | Settlement Amount | ||||
| March 27, 2025 | 20,284 | EUR 20.29 | EUR 411,491 | ||||
| March 28, 2025 | 22,428 | EUR 20.37 | EUR 456,845 | ||||
| March 31, 2025 | 26,387 | EUR 19.85 | EUR 523,727 | ||||
| April 1, 2025 | 29,500 | EUR 19.74 | EUR 582,442 | ||||
| April 2, 2025 | 23,418 | EUR 19.79 | EUR 463,351 | ||||
| Total | 122,017 | EUR 19.98 | EUR 2,437,856 | ||||
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 7,800 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 | |
| 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 | |
| Full Year 2025 Earnings | February 26 | 2026 |
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 and progress of SBFFF's share repurchase program?
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When was SBFFF's share repurchase program expanded and by how much?
