Weekly share repurchase program transaction details
SBM Offshore (SBFFF) reports progress on its EUR130 million (US$140 million) share repurchase program for April 3-9, 2025. The program, initially announced at EUR65 million on February 29, 2024, and doubled to EUR130 million on August 8, 2024, aims to reduce share capital and provide shares for employee programs.
As of April 9, 2025, the program is 95.14% complete, with EUR123.67 million spent to repurchase 7,602,435 shares at an average price of EUR16.27. In the latest trading week, 224,004 shares were bought at an average price of EUR17.28, totaling EUR3.87 million.
SBM Offshore (SBFFF) riporta progressi sul suo programma di riacquisto di azioni da 130 milioni di euro (140 milioni di dollari) per il periodo dal 3 al 9 aprile 2025. Il programma, inizialmente annunciato per 65 milioni di euro il 29 febbraio 2024 e raddoppiato a 130 milioni di euro l'8 agosto 2024, mira a ridurre il capitale sociale e fornire azioni per i programmi per i dipendenti.
Al 9 aprile 2025, il programma è completo al 95,14%, con 123,67 milioni di euro spesi per riacquistare 7.602.435 azioni a un prezzo medio di 16,27 euro. Nell'ultima settimana di trading, sono state acquistate 224.004 azioni a un prezzo medio di 17,28 euro, per un totale di 3,87 milioni di euro.
SBM Offshore (SBFFF) informa sobre el progreso de su programa de recompra de acciones de 130 millones de euros (140 millones de dólares) para el periodo del 3 al 9 de abril de 2025. El programa, anunciado inicialmente por 65 millones de euros el 29 de febrero de 2024 y duplicado a 130 millones de euros el 8 de agosto de 2024, tiene como objetivo reducir el capital social y proporcionar acciones para los programas de empleados.
Al 9 de abril de 2025, el programa está completo al 95,14%, con 123,67 millones de euros gastados en la recompra de 7.602.435 acciones a un precio promedio de 16,27 euros. En la última semana de negociación, se compraron 224.004 acciones a un precio promedio de 17,28 euros, sumando un total de 3,87 millones de euros.
SBM Offshore (SBFFF)는 2025년 4월 3일부터 9일까지의 1억 3천만 유로(1억 4천만 달러) 주식 매입 프로그램의 진행 상황을 보고합니다. 이 프로그램은 2024년 2월 29일에 6천5백만 유로로 처음 발표되었고, 2024년 8월 8일에 1억 3천만 유로로 두 배로 늘어났으며, 주식 자본을 줄이고 직원 프로그램을 위한 주식을 제공하는 것을 목표로 합니다.
2025년 4월 9일 기준으로 프로그램은 95.14% 완료되었으며, 1억 2천3백67만 유로를 사용하여 평균 가격 16.27 유로로 7,602,435주를 재매입했습니다. 최근 거래 주간에는 평균 가격 17.28 유로로 224,004주가 매입되어 총 387만 유로에 달했습니다.
SBM Offshore (SBFFF) fait état des progrès réalisés dans son programme de rachat d'actions de 130 millions d'euros (140 millions de dollars) pour la période du 3 au 9 avril 2025. Le programme, initialement annoncé à 65 millions d'euros le 29 février 2024 et doublé à 130 millions d'euros le 8 août 2024, vise à réduire le capital social et à fournir des actions pour les programmes destinés aux employés.
Au 9 avril 2025, le programme est complété à 95,14%, avec 123,67 millions d'euros dépensés pour racheter 7.602.435 actions à un prix moyen de 16,27 euros. Au cours de la dernière semaine de négociation, 224.004 actions ont été achetées à un prix moyen de 17,28 euros, pour un total de 3,87 millions d'euros.
SBM Offshore (SBFFF) berichtet über Fortschritte bei seinem Aktienrückkaufprogramm in Höhe von 130 Millionen Euro (140 Millionen US-Dollar) für den Zeitraum vom 3. bis 9. April 2025. Das Programm, das ursprünglich am 29. Februar 2024 mit 65 Millionen Euro angekündigt und am 8. August 2024 auf 130 Millionen Euro verdoppelt wurde, zielt darauf ab, das Grundkapital zu reduzieren und Aktien für Mitarbeiterprogramme bereitzustellen.
Am 9. April 2025 ist das Programm zu 95,14% abgeschlossen, wobei 123,67 Millionen Euro ausgegeben wurden, um 7.602.435 Aktien zu einem Durchschnittspreis von 16,27 Euro zurückzukaufen. In der letzten Handelswoche wurden 224.004 Aktien zu einem Durchschnittspreis von 17,28 Euro gekauft, was insgesamt 3,87 Millionen Euro entspricht.
- 95.14% completion of EUR130 million share buyback program shows strong execution
- Share repurchase reduces outstanding shares, potentially increasing earnings per share
- Consistent buyback execution demonstrates financial stability and commitment to shareholder returns
- Average repurchase price increased to EUR17.28 in latest week vs program average of EUR16.27, indicating higher costs
- Capital allocation to buybacks may reduce funds available for business operations or growth initiatives
Amsterdam, April 9, 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 9, 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 123,677,071 | ||||||
| Cumulative Quantity Repurchased | 7,602,435 | ||||||
| Cumulative Average Repurchase Price | EUR 16.27 | ||||||
| Start Date | March 1, 2024 | ||||||
| Percentage of program completed as of April 9, 2025 | |||||||
| Overview of details of last 5 trading days: | |||||||
| Trade Date | Quantity Repurchased | Average Purchase Price | Settlement Amount | ||||
| April 3, 2025 | 36,758 | EUR 19.01 | EUR 698,700 | ||||
| April 4, 2025 | 45,345 | EUR 17.61 | EUR 798,698 | ||||
| April 7, 2025 | 48,002 | EUR 16.48 | EUR 791,078 | ||||
| April 8, 2025 | 45,900 | EUR 17.20 | EUR 789,264 | ||||
| April 9, 2025 | 47,999 | EUR 16.54 | EUR 793,995 | ||||
| Total | 224,004 | EUR 17.28 | EUR 3,871,734 | ||||
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 | |
| 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 | |
| Annual General Meeting | April 15 | 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 completion status of SBFFF's share repurchase program?
How many shares has SBFFF repurchased under the current program?
What are the objectives of SBFFF's share repurchase program?
When did SBFFF increase its share repurchase program and by how much?
What was SBFFF's share repurchase activity for April 3-9, 2025?
