Weekly share repurchase program transaction details
SBM Offshore (SBFFF) has reported details of its ongoing share repurchase program worth EUR130 million (approximately US$140 million) for the period March 6-12, 2025. The program, initially announced on February 29, 2024, for EUR65 million and subsequently increased by another EUR65 million on August 8, 2024, serves two main objectives: reducing share capital and providing shares for management and employee share programs.
The share purchases were executed through multiple trading venues including Euronext Amsterdam, CBOE DXE, and Turquoise. The company, which specializes in deepwater ocean-infrastructure and employs over 7,800 people globally, continues to provide regular updates on the program's progress through its investor relations section.
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 6 al 12 marzo 2025. Il programma, inizialmente annunciato il 29 febbraio 2024 per 65 milioni di euro e successivamente aumentato di altri 65 milioni di euro l'8 agosto 2024, ha due obiettivi principali: ridurre il capitale azionario e fornire azioni per i programmi di partecipazione azionaria per la direzione e i dipendenti.
Gli acquisti di azioni sono stati eseguiti attraverso diversi mercati di scambio, tra cui Euronext Amsterdam, CBOE DXE e Turquoise. L'azienda, specializzata in infrastrutture oceaniche in acque profonde e con oltre 7.800 dipendenti a livello globale, continua a fornire aggiornamenti regolari sul progresso del programma nella sua sezione dedicata alle relazioni con gli investitori.
SBM Offshore (SBFFF) ha reportado 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 6 al 12 de marzo 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 dos objetivos principales: reducir el capital social y proporcionar acciones para los programas de participación de la dirección y los empleados.
Las compras de acciones se llevaron a cabo a través de múltiples mercados de negociación, incluidos Euronext Ámsterdam, CBOE DXE y Turquoise. La empresa, especializada en infraestructuras oceánicas en aguas profundas y con más de 7,800 empleados en todo el mundo, continúa proporcionando actualizaciones regulares sobre el progreso del programa en su sección de relaciones con los inversores.
SBM Offshore (SBFFF)는 2025년 3월 6일부터 12일까지 진행되는 1억 3천만 유로 (약 1억 4천만 달러) 규모의 자사주 매입 프로그램에 대한 세부 사항을 보고했습니다. 이 프로그램은 2024년 2월 29일에 6천5백만 유로로 처음 발표되었고, 2024년 8월 8일에 추가로 6천5백만 유로가 증가되었습니다. 이 프로그램의 두 가지 주요 목표는 자본금을 줄이고 경영진 및 직원 주식 프로그램을 위한 주식을 제공하는 것입니다.
주식 매입은 Euronext 암스테르담, CBOE DXE, Turquoise를 포함한 여러 거래소를 통해 실행되었습니다. 심해 해양 인프라를 전문으로 하는 이 회사는 전 세계에 7,800명 이상의 직원을 두고 있으며, 투자자 관계 섹션을 통해 프로그램 진행 상황에 대한 정기적인 업데이트를 계속 제공합니다.
SBM Offshore (SBFFF) a rapporté les détails de son programme de rachat d'actions d'une valeur de 130 millions d'euros (environ 140 millions de dollars) pour la période du 6 au 12 mars 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, a deux objectifs principaux : réduire le capital social et fournir des actions pour les programmes d'actions destinés à la direction et aux employés.
Les achats d'actions ont été effectués par le biais de plusieurs plateformes de négociation, notamment Euronext Amsterdam, CBOE DXE et Turquoise. L'entreprise, spécialisée dans les infrastructures océaniques en eau profonde et employant plus de 7 800 personnes dans le monde, continue de fournir des mises à jour régulières sur l'avancement du programme dans sa section dédiée aux relations avec les investisseurs.
SBM Offshore (SBFFF) hat Details zu seinem laufenden Aktienrückkaufprogramm im Wert von 130 Millionen Euro (ca. 140 Millionen US-Dollar) für den Zeitraum vom 6. bis 12. März 2025 veröffentlicht. Das Programm, das ursprünglich am 29. Februar 2024 mit 65 Millionen Euro angekündigt wurde und am 8. August 2024 um weitere 65 Millionen Euro erhöht wurde, verfolgt zwei Hauptziele: die Reduzierung des Grundkapitals und die Bereitstellung von Aktien für Management- und Mitarbeiterbeteiligungsprogramme.
Die Aktienkäufe wurden über mehrere Handelsplätze, darunter Euronext Amsterdam, CBOE DXE und Turquoise, durchgeführt. Das Unternehmen, das auf Tiefsee-Infrastruktur spezialisiert ist und weltweit über 7.800 Mitarbeiter beschäftigt, gibt weiterhin regelmäßige Updates zum Fortschritt des Programms in seinem Bereich für Investor Relations.
- EUR130 million share repurchase program demonstrates strong financial position
- Program reduces share count, potentially increasing earnings per share
- Shows commitment to returning value to shareholders
- Significant cash outflow of EUR130 million reduces available capital for operations or investments
Amsterdam, March 12, 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 March 12, 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 112,711,901 | ||||||
| Cumulative Quantity Repurchased | 7,024,470 | ||||||
| Cumulative Average Repurchase Price | EUR 16.05 | ||||||
| Start Date | March 1, 2024 | ||||||
| Percentage of program completed as of March 12, 2025 | |||||||
| Overview of details of last 5 trading days: | |||||||
| Trade Date | Quantity Repurchased | Average Purchase Price | Settlement Amount | ||||
| March 6, 2025 | 21,473 | EUR 19.72 | EUR 423,360 | ||||
| March 7, 2025 | 22,243 | EUR 19.76 | EUR 439,573 | ||||
| March 10, 2025 | 26,212 | EUR 19.58 | EUR 513,241 | ||||
| March 11, 2025 | 26,672 | EUR 19.41 | EUR 517,797 | ||||
| March 12, 2025 | 22,313 | EUR 19.88 | EUR 443,690 | ||||
| Total | 118,913 | EUR 19.66 | EUR 2,337,660 | ||||
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 of SBM Offshore's (SBFFF) current share buyback program?
What are the main objectives of SBFFF's share repurchase program?
When did SBM Offshore's current share buyback program begin?
Through which trading platforms is SBFFF executing its share buyback?
