Weekly share repurchase program transaction details
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 ha riportato dettagli sul suo programma di riacquisto di azioni del valore di 130 milioni di euro (circa 140 milioni di dollari) per il periodo dal 13 al 19 febbraio 2025. Il programma, annunciato inizialmente il 29 febbraio 2024 per 65 milioni di euro e successivamente aumentato di ulteriori 65 milioni di euro l'8 agosto 2024, ha l'obiettivo di ridurre il capitale sociale e fornire azioni per i programmi di azionariato per la dirigenza e i dipendenti.
L'azienda, specializzata nelle infrastrutture oceaniche in acque profonde e con oltre 7.400 dipendenti a livello globale, è focalizzata sulla produzione di energia più pulita ed efficiente e sull'espansione in nuovi mercati dell'economia blu. Le operazioni di riacquisto delle azioni vengono effettuate attraverso le piattaforme Euronext Amsterdam, CBOE DXE e Turquoise.
SBM Offshore ha informado sobre los detalles de su programa de recompra de acciones por un valor de 130 millones de euros (aproximadamente 140 millones de dólares) para el período del 13 al 19 de febrero de 2025. El programa, anunciado inicialmente el 29 de febrero de 2024 por 65 millones de euros y posteriormente incrementado en otros 65 millones de euros el 8 de agosto de 2024, tiene como objetivo reducir el capital social y proporcionar acciones para los programas de acciones de la dirección y los empleados.
La empresa, que se especializa en infraestructuras oceánicas en aguas profundas y emplea a más de 7,400 personas en todo el mundo, se centra en ofrecer una producción de energía más limpia y eficiente y en expandirse a nuevos mercados de la economía azul. Las transacciones de recompra de acciones se están llevando a cabo a través de las plataformas Euronext Amsterdam, CBOE DXE y Turquoise.
SBM Offshore는 2025년 2월 13일부터 19일까지의 기간 동안 1억 3천만 유로 (약 1억 4천만 달러) 규모의 자사주 매입 프로그램에 대한 세부 정보를 보고했습니다. 이 프로그램은 2024년 2월 29일에 처음 발표되었으며, 6천5백만 유로에서 시작하여 2024년 8월 8일에 추가로 6천5백만 유로가 증가되었습니다. 프로그램의 목적은 자본금을 줄이고 경영진 및 직원 주식 프로그램을 위한 주식을 제공하는 것입니다.
이 회사는 심해 해양 인프라를 전문으로 하며 전 세계에 7,400명 이상의 직원을 두고 있습니다. SBM Offshore는 더 깨끗하고 효율적인 에너지 생산을 제공하고 새로운 블루 경제 시장으로 확장하는 데 집중하고 있습니다. 자사주 매입 거래는 유로넥스트 암스테르담, CBOE DXE 및 터쿼이즈 플랫폼을 통해 진행되고 있습니다.
SBM Offshore a rapporté des détails sur son programme de rachat d'actions d'un montant de 130 millions d'euros (environ 140 millions de dollars) pour la période du 13 au 19 février 2025. Le programme, initialement annoncé le 29 février 2024 pour 65 millions d'euros et ensuite augmenté de 65 millions d'euros supplémentaires le 8 août 2024, vise à réduire le capital social et à fournir des actions pour les programmes d'actions destinés à la direction et aux employés.
L'entreprise, spécialisée dans les infrastructures océaniques en eaux profondes et employant plus de 7 400 personnes dans le monde, se concentre sur la production d'énergie plus propre et plus efficace et sur l'expansion dans de nouveaux marchés de l'économie bleue. Les transactions de rachat d'actions sont effectuées via les plateformes Euronext Amsterdam, CBOE DXE et Turquoise.
SBM Offshore hat Details zu seinem Aktienrückkaufprogramm im Wert von 130 Millionen Euro (ca. 140 Millionen US-Dollar) für den Zeitraum vom 13. bis 19. Februar 2025 bekannt gegeben. Das Programm, das zunächst am 29. Februar 2024 für 65 Millionen Euro angekündigt wurde und am 8. August 2024 um weitere 65 Millionen Euro erhöht wurde, zielt darauf ab, das Eigenkapital zu reduzieren und Aktien für Management- und Mitarbeiteraktienprogramme bereitzustellen.
Das Unternehmen, das sich auf Offshore-Infrastrukturen in tiefen Gewässern spezialisiert hat und weltweit über 7.400 Mitarbeiter beschäftigt, konzentriert sich darauf, eine sauberere und effizientere Energieproduktion zu liefern und in neue Märkte der blauen Wirtschaft zu expandieren. Die Rückkauftransaktionen werden über die Plattformen Euronext Amsterdam, CBOE DXE und Turquoise durchgeführt.
- EUR130 million share repurchase program demonstrates strong capital return to shareholders
- Program indicates management's confidence in company's financial position
- Dual purpose of capital reduction and employee share programs shows balanced capital allocation
- None.
Amsterdam, February 19, 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 19, 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 106,751,095 | ||||||
| Cumulative Quantity Repurchased | 6,752,382 | ||||||
| Cumulative Average Repurchase Price | EUR 15.87 | ||||||
| Start Date | March 1, 2024 | ||||||
| Percentage of program completed as of February 19, 2025 | |||||||
| Overview of details of last 5 trading days: | |||||||
| Trade Date | Quantity Repurchased | Average Purchase Price | Settlement Amount | ||||
| February 13, 2025 | 21,700 | EUR 18.09 | EUR 392,581 | ||||
| February 14, 2025 | 26,673 | EUR 17.91 | EUR 477,756 | ||||
| February 17, 2025 | 21,857 | EUR 17.94 | EUR 392,104 | ||||
| February 18, 2025 | 21,158 | EUR 18.07 | EUR 382,329 | ||||
| February 19, 2025 | 20,533 | EUR 18.29 | EUR 375,645 | ||||
| Total | 111,921 | EUR 18.05 | EUR 2,020,415 | ||||
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 SBM Offshore's (SBFFF) share repurchase program in 2024-2025?
What are the objectives of SBFFF's 2024-2025 share repurchase program?
When did SBM Offshore's current share buyback program begin?
Through which exchanges is SBFFF conducting its share repurchases?
