Weekly share repurchase program transaction details
SBM Offshore has reported details of its EUR130 million (US$140 million) share repurchase program for November 28-December 4, 2024. The program, initially announced at EUR65 million and later doubled, aims to reduce share capital and provide shares for employee programs.
As of December 4, 2024, the company has completed 63.14% of the program, repurchasing 5,307,262 shares at an average price of EUR15.47, totaling EUR82,078,168. In the last five trading days, 180,131 shares were repurchased at an average price of EUR17.02, amounting to EUR3,065,445.
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 28 novembre al 4 dicembre 2024. Il programma, annunciato inizialmente per 65 milioni di euro e successivamente raddoppiato, mira a ridurre il capitale azionario e a fornire azioni per i programmi per i dipendenti.
Al 4 dicembre 2024, l'azienda ha completato il 63,14% del programma, riacquistando 5.307.262 azioni a un prezzo medio di 15,47 euro, per un totale di 82.078.168 euro. Negli ultimi cinque giorni di contrattazione, sono state riacquistate 180.131 azioni a un prezzo medio di 17,02 euro, per un importo di 3.065.445 euro.
SBM Offshore ha reportado detalles de su programa de recompra de acciones de 130 millones de euros (140 millones de dólares) para el periodo del 28 de noviembre al 4 de diciembre de 2024. El programa, anunciado inicialmente por 65 millones de euros y luego duplicado, tiene como objetivo reducir el capital social y proporcionar acciones para los programas para empleados.
Al 4 de diciembre de 2024, la compañía ha completado el 63,14% del programa, recomprando 5.307.262 acciones a un precio promedio de 15,47 euros, totalizando 82.078.168 euros. En los últimos cinco días de negociación, se recompraron 180.131 acciones a un precio promedio de 17,02 euros, por un monto de 3.065.445 euros.
SBM Offshore는 2024년 11월 28일부터 12월 4일 사이에 1억 3천만 유로(1억 4천만 달러) 규모의 자사주 매입 프로그램에 대한 세부 사항을 보고했습니다. 이 프로그램은 처음 6천5백만 유로로 발표되었고, 이후 두 배로 늘어났으며, 주식 자본을 감소시키고 직원 프로그램을 위한 주식을 제공하는 것을 목표로 합니다.
2024년 12월 4일 기준으로 회사는 프로그램의 63.14%를 완료하여 평균 가격 15.47 유로로 5,307,262주를 매입하였고, 총액은 82,078,168 유로에 달합니다. 최근 5일 거래일 동안에는 평균 가격 17.02 유로로 180,131주를 매입하여 3,065,445 유로에 해당합니다.
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 28 novembre au 4 décembre 2024. Le programme, annoncé initialement à 65 millions d'euros puis doublé, vise à réduire le capital social et à fournir des actions pour les programmes destinés aux employés.
Au 4 décembre 2024, la société a complété 63,14% du programme, ayant racheté 5.307.262 actions à un prix moyen de 15,47 euros, pour un total de 82.078.168 euros. Au cours des cinq derniers jours de négociation, 180.131 actions ont été rachetées à un prix moyen de 17,02 euros, totalisant 3.065.445 euros.
SBM Offshore hat Details zu seinem Aktienrückkaufprogramm über 130 Millionen Euro (140 Millionen US-Dollar) für den Zeitraum vom 28. November bis 4. Dezember 2024 veröffentlicht. Das Programm, das zunächst auf 65 Millionen Euro angesetzt und später verdoppelt wurde, zielt darauf ab, das Aktienkapital zu reduzieren und Aktien für Mitarbeiterprogramme bereitzustellen.
Am 4. Dezember 2024 hatte das Unternehmen 63,14% des Programms abgeschlossen und 5.307.262 Aktien zu einem Durchschnittspreis von 15,47 Euro zurückgekauft, insgesamt also 82.078.168 Euro. In den letzten fünf Handelstagen wurden 180.131 Aktien zu einem Durchschnittspreis von 17,02 Euro zurückgekauft, was einem Betrag von 3.065.445 Euro entspricht.
- 63.14% completion of EUR130 million share repurchase program
- Strong execution with 5.3 million shares already repurchased
- Program demonstrates commitment to returning value to shareholders
- Higher average repurchase price in recent trades (EUR17.02) compared to program average (EUR15.47)
December 4, 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 4, 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 82,078,168 | ||||||
| Cumulative Quantity Repurchased | 5,307,262 | ||||||
| Cumulative Average Repurchase Price | EUR 15.47 | ||||||
| Start Date | March 1, 2024 | ||||||
| Percentage of program completed as of December 4, 2024 | |||||||
| Overview of details of last 5 trading days: | |||||||
| Trade Date | Quantity Repurchased | Average Purchase Price | Settlement Amount | ||||
| November 28, 2024 | 33,681 | EUR 17.14 | EUR 577,212 | ||||
| November 29, 2024 | 38,384 | EUR 17.04 | EUR 654,010 | ||||
| December 2, 2024 | 46,895 | EUR 16.90 | EUR 792,554 | ||||
| December 3, 2024 | 34,052 | EUR 16.95 | EUR 577,103 | ||||
| December 4, 2024 | 27,119 | EUR 17.13 | EUR 464,567 | ||||
| Total | 180,131 | EUR 17.02 | EUR 3,065,445 | ||||
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
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