Weekly share repurchase program transaction details
SBM Offshore has reported details of its EUR130 million (c. US$140 million) share repurchase program for December 26-31, 2024. The program, initially announced at EUR65 million on February 29, 2024, was increased by another EUR65 million on August 8, 2024. As of December 31, 2024, the company has completed 71.72% of the program, repurchasing 5,971,526 shares at an average price of EUR15.61, totaling EUR93,232,867.
The latest trading period saw 72,511 shares repurchased at an average price of EUR16.94, amounting to EUR1,228,345. The program's objectives are to reduce share capital and provide shares for management and employee share programs.
SBM Offshore 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 26 al 31 dicembre 2024. Il programma, annunciato inizialmente per 65 milioni di euro il 29 febbraio 2024, è stato ampliato di ulteriori 65 milioni di euro l'8 agosto 2024. Al 31 dicembre 2024, l'azienda ha completato il 71,72% del programma, riacquistando 5.971.526 azioni a un prezzo medio di 15,61 euro, per un totale di 93.232.867 euro.
Durante l'ultimo periodo di trading, sono state riacquistate 72.511 azioni a un prezzo medio di 16,94 euro, corrispondente a 1.228.345 euro. Gli obiettivi del programma sono ridurre il capitale azionario e fornire azioni per i programmi di partecipazione di gestione e dipendenti.
SBM Offshore ha reportado los detalles de su programa de recompra de acciones de 130 millones de euros (aproximadamente 140 millones de dólares) para el período del 26 al 31 de diciembre de 2024. El programa, que fue anunciado inicialmente en 65 millones de euros el 29 de febrero de 2024, se aumentó en otros 65 millones de euros el 8 de agosto de 2024. Hasta el 31 de diciembre de 2024, la compañía ha completado el 71,72% del programa, recomprando 5.971.526 acciones a un precio promedio de 15,61 euros, lo que suma un total de 93.232.867 euros.
En el último periodo de negociación, se recompraron 72.511 acciones a un precio promedio de 16,94 euros, lo que equivale a 1.228.345 euros. Los objetivos del programa son reducir el capital social y proporcionar acciones para los programas de participación de la gestión y los empleados.
SBM Offshore는 2024년 12월 26일부터 31일까지 총 1억 3천만 유로(약 1억 4천만 달러)의 자사주 매입 프로그램에 대한 세부 사항을 보고했습니다. 이 프로그램은 2024년 2월 29일에 6천5백만 유로로 처음 발표되었으며, 2024년 8월 8일에 6천5백만 유로가 추가되어 총 1억 3천만 유로로 늘어났습니다. 2024년 12월 31일 기준으로, 회사는 프로그램의 71.72%를 완료하여 평균 가격 15.61유로로 5,971,526주를 재구매하여 총 93,232,867유로를 기록했습니다.
가장 최근의 거래 기간 동안 평균 가격 16.94유로로 72,511주가 매입되어 총 1,228,345유로에 달합니다. 프로그램의 목표는 주식 자본을 줄이고 관리 및 직원 주식 프로그램을 위한 주식을 제공하는 것입니다.
SBM Offshore a rapporté les détails de son programme de rachat d'actions d'un montant de 130 millions d'euros (environ 140 millions de dollars) pour la période du 26 au 31 décembre 2024. Le programme, annoncé initialement pour 65 millions d'euros le 29 février 2024, a été augmenté de 65 millions d'euros supplémentaires le 8 août 2024. Au 31 décembre 2024, la société avait complété 71,72 % du programme, ayant racheté 5.971.526 actions à un prix moyen de 15,61 euros, totalisant 93.232.867 euros.
Lors de la dernière période de trading, 72.511 actions ont été rachetées à un prix moyen de 16,94 euros, soit un montant de 1.228.345 euros. Les objectifs du programme sont de réduire le capital social et de fournir des actions pour les programmes d'actionnariat des cadres et des employés.
SBM Offshore hat Details zu seinem Aktienrückkaufprogramm in Höhe von 130 Millionen Euro (ca. 140 Millionen US-Dollar) für den Zeitraum vom 26. bis 31. Dezember 2024 bekannt gegeben. Das Programm, das ursprünglich am 29. Februar 2024 mit 65 Millionen Euro angekündigt wurde, wurde am 8. August 2024 um weitere 65 Millionen Euro aufgestockt. Zum 31. Dezember 2024 hat das Unternehmen 71,72% des Programms abgeschlossen und 5.971.526 Aktien zu einem Durchschnittspreis von 15,61 Euro zurückgekauft, was insgesamt 93.232.867 Euro entspricht.
Im jüngsten Handelszeitraum wurden 72.511 Aktien zu einem Durchschnittspreis von 16,94 Euro zurückgekauft, was 1.228.345 Euro ausmacht. Die Ziele des Programms sind die Reduzierung des Grundkapitals und die Bereitstellung von Aktien für Management- und Mitarbeiterbeteiligungsprogramme.
- 71.72% completion of EUR130 million share buyback program
- 5,971,526 shares already repurchased, reducing share count
- Program demonstrates strong capital return to shareholders
- Average repurchase price increasing (EUR16.94 in latest period vs EUR15.61 program average)
- EUR36.77 million still remaining to be deployed in the program
Amsterdam, December 31, 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 31, 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 93,232,867 | ||||||
| Cumulative Quantity Repurchased | 5,971,526 | ||||||
| Cumulative Average Repurchase Price | EUR 15.61 | ||||||
| Start Date | March 1, 2024 | ||||||
| Percentage of program completed as of December 31, 2024 | |||||||
| Overview of details of last 5 trading days: | |||||||
| Trade Date | Quantity Repurchased | Average Purchase Price | Settlement Amount | ||||
| December 26, 2024 | Stock markets are closed | ||||||
| December 27, 2024 | 26,511 | EUR 17.01 | EUR 450,865 | ||||
| December 30, 2024 | 26,000 | EUR 16.88 | EUR 438,987 | ||||
| December 31, 2024 | 20,000 | EUR 16.92 | EUR 338,494 | ||||
| January 1, 2025 | Stock markets are closed | ||||||
| Total | 72,511 | EUR 16.94 | EUR 1,228,345 | ||||
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
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