Weekly share repurchase program transaction details
SBM Offshore (SBFFF) has provided an update on its EUR130 million (c. US$140 million) share repurchase program for December 12-18, 2024. 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 December 18, 2024, the company has completed 68.72% of the program, repurchasing 5,739,532 shares at an average price of EUR15.57, totaling EUR89,338,289. In the last five trading days, 238,258 shares were repurchased at an average price of EUR16.69, amounting to EUR3,976,688.
SBM Offshore (SBFFF) ha fornito un aggiornamento sul suo programma di riacquisto azioni da 130 milioni di euro (circa 140 milioni di dollari) per il periodo dal 12 al 18 dicembre 2024. Il programma, inizialmente annunciato per 65 milioni di euro il 29 febbraio 2024 e 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 dei dipendenti.
Al 18 dicembre 2024, l'azienda ha completato il 68,72% del programma, riacquistando 5.739.532 azioni a un prezzo medio di 15,57 euro, per un totale di 89.338.289 euro. Negli ultimi cinque giorni di negoziazione, sono state riacquistate 238.258 azioni a un prezzo medio di 16,69 euro, che ammontano a 3.976.688 euro.
SBM Offshore (SBFFF) ha proporcionado una actualización sobre su programa de recompra de acciones de 130 millones de euros (aproximadamente 140 millones de dólares) para el período del 12 al 18 de diciembre de 2024. El programa, anunciado inicialmente por 65 millones de euros el 29 de febrero de 2024 y aumentado 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 empleados.
Hasta el 18 de diciembre de 2024, la empresa ha completado el 68,72% del programa, recomprando 5.739.532 acciones a un precio medio de 15,57 euros, totalizando 89.338.289 euros. En los últimos cinco días de negociación, se recompraron 238.258 acciones a un precio medio de 16,69 euros, lo que equivale a 3.976.688 euros.
SBM Offshore (SBFFF)는 2024년 12월 12일부터 18일까지의 1억 3천만 유로(약 1억 4천만 달러) 규모의 자사주 매입 프로그램에 대한 업데이트를 발표했습니다. 이 프로그램은 2024년 2월 29일 6천5백만 유로로 처음 발표되었고, 2024년 8월 8일에 추가로 6천5백만 유로 증액되어 자본금을 축소하고 직원 프로그램을 위한 주식을 제공하는 것을 목표로 합니다.
2024년 12월 18일 기준으로, 회사는 프로그램의 68.72%를 완료했으며, 평균 가격 15.57 유로로 5,739,532주를 재매입하여 총 89,338,289 유로에 달합니다. 마지막 5일간의 거래에서 238,258주가 평균 16.69 유로에 재매입되어 총 3,976,688 유로에 해당합니다.
SBM Offshore (SBFFF) a fourni une mise à jour sur son programme de rachat d'actions d'un montant de 130 millions d'euros (environ 140 millions de dollars) pour la période du 12 au 18 décembre 2024. Ce programme, initialement annoncé pour 65 millions d'euros le 29 février 2024 et 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 destinés aux employés.
Au 18 décembre 2024, l'entreprise a complété 68,72% du programme, en rachetant 5.739.532 actions à un prix moyen de 15,57 euros, totalisant 89.338.289 euros. Au cours des cinq derniers jours de négociation, 238.258 actions ont été rachetées à un prix moyen de 16,69 euros, ce qui représente un montant de 3.976.688 euros.
SBM Offshore (SBFFF) hat ein Update zu ihrem Aktienrückkaufprogramm in Höhe von 130 Millionen Euro (ca. 140 Millionen US-Dollar) für den Zeitraum vom 12. bis 18. Dezember 2024 bereitgestellt. Das Programm, das ursprünglich am 29. Februar 2024 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 18. Dezember 2024 hat das Unternehmen 68,72% des Programms abgeschlossen und 5.739.532 Aktien zu einem Durchschnittspreis von 15,57 Euro zurückgekauft, was insgesamt 89.338.289 Euro entspricht. In den letzten fünf Handelstagen wurden 238.258 Aktien zu einem Durchschnittspreis von 16,69 Euro zurückgekauft, was summiert 3.976.688 Euro ausmacht.
- Significant progress in share repurchase program with 68.72% completion
- Strong commitment to shareholder value with EUR130 million buyback program
- Consistent execution of share repurchases over reported period
- Higher average repurchase price in recent days (EUR16.69) compared to program average (EUR15.57)
Amsterdam, December 18, 2024
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 December 18, 2024 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 89,338,289 | | |||||
| Cumulative Quantity Repurchased | 5,739,532 | | |||||
| Cumulative Average Repurchase Price | EUR 15.57 | | |||||
| Start Date | March 1, 2024 | | |||||
| Percentage of program completed as of December 18, 2024 | | | |||||
| | |||||||
| Overview of details of last 5 trading days: | | ||||||
| | |||||||
| Trade Date | Quantity Repurchased | Average Purchase Price | Settlement Amount | | |||
| December 12, 2024 | 47,466 | EUR 16.83 | EUR 798,900 | | |||
| December 13, 2024 | 47,316 | EUR 16.81 | EUR 795,254 | | |||
| December 16, 2024 | 47,773 | EUR 16.71 | EUR 798,096 | | |||
| December 17, 2024 | 48,395 | EUR 16.52 | EUR 799,272 | | |||
| December 18, 2024 | 47,308 | EUR 16.60 | EUR 785,165 | | |||
| Total | 238,258 | EUR 16.69 | EUR 3,976,688 | | |||
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 | |
| Extraordinary General Meeting | | January 17 | 2025 |
| 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) current share repurchase program?
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When did SBFFF increase its share repurchase program?
