Weekly share repurchase program transaction details
SBM Offshore (SBFFF) has provided an update on its share repurchase program worth EUR130 million (approximately US$140 million) for the period February 27-March 5, 2025. The program, initially announced on February 29, 2024, for EUR65 million and later increased by an additional EUR65 million on August 8, 2024, has two main objectives: reducing share capital and providing shares for management and employee share programs.
The company conducts these share purchases through multiple trading venues including Euronext Amsterdam, CBOE DXE, and Turquoise. Detailed transaction information is available on the company's investor relations website.
SBM Offshore (SBFFF) ha fornito un aggiornamento sul suo programma di riacquisto di azioni del valore di 130 milioni di euro (circa 140 milioni di dollari) per il periodo dal 27 febbraio al 5 marzo 2025. Il programma, inizialmente annunciato il 29 febbraio 2024 per 65 milioni di euro e successivamente aumentato di ulteriori 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.
L'azienda effettua questi acquisti di azioni attraverso molteplici piattaforme di trading, tra cui Euronext Amsterdam, CBOE DXE e Turquoise. Informazioni dettagliate sulle transazioni sono disponibili sul sito web delle relazioni con gli investitori dell'azienda.
SBM Offshore (SBFFF) ha proporcionado una actualización sobre su programa de recompra de acciones por un valor de 130 millones de euros (aproximadamente 140 millones de dólares) para el período del 27 de febrero al 5 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.
La empresa realiza estas compras de acciones a través de múltiples plataformas de negociación, incluyendo Euronext Ámsterdam, CBOE DXE y Turquoise. La información detallada de las transacciones está disponible en el sitio web de relaciones con inversores de la empresa.
SBM Offshore (SBFFF)는 2025년 2월 27일부터 3월 5일까지의 기간 동안 1억 3천만 유로 (약 1억 4천만 달러) 규모의 자사주 매입 프로그램에 대한 업데이트를 제공했습니다. 이 프로그램은 2024년 2월 29일에 6천5백만 유로로 처음 발표되었으며, 2024년 8월 8일에 추가로 6천5백만 유로가 증가되었습니다. 이 프로그램의 두 가지 주요 목표는 자본금 감소와 경영진 및 직원 주식 프로그램을 위한 주식 제공입니다.
회사는 Euronext 암스테르담, CBOE DXE 및 Turquoise를 포함한 여러 거래소를 통해 이러한 주식 매입을 수행합니다. 거래에 대한 자세한 정보는 회사의 투자자 관계 웹사이트에서 확인할 수 있습니다.
SBM Offshore (SBFFF) a fourni une mise à jour sur son programme de rachat d'actions d'une valeur de 130 millions d'euros (environ 140 millions de dollars) pour la période du 27 février au 5 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.
L'entreprise effectue ces achats d'actions via plusieurs lieux de négociation, y compris Euronext Amsterdam, CBOE DXE et Turquoise. Des informations détaillées sur les transactions sont disponibles sur le site web des relations avec les investisseurs de l'entreprise.
SBM Offshore (SBFFF) hat ein Update zu seinem Aktienrückkaufprogramm im Wert von 130 Millionen Euro (ungefähr 140 Millionen US-Dollar) für den Zeitraum vom 27. Februar bis 5. März 2025 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, verfolgt zwei Hauptziele: die Reduzierung des Grundkapitals und die Bereitstellung von Aktien für Management- und Mitarbeiteraktienprogramme.
Das Unternehmen führt diese Aktienkäufe über mehrere Handelsplätze durch, darunter Euronext Amsterdam, CBOE DXE und Turquoise. Detaillierte Transaktionsinformationen sind auf der Investor-Relations-Website des Unternehmens verfügbar.
- EUR130 million share buyback program demonstrates strong financial position
- Program reduces share count, potentially increasing EPS
- Shows commitment to shareholder value creation
- Significant cash outflow of EUR130 million reduces available capital for operations
- Potential opportunity cost of not investing in business growth
Amsterdam, March 5, 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 5, 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 110,374,241 | | |||||
| Cumulative Quantity Repurchased | 6,905,557 | | |||||
| Cumulative Average Repurchase Price | EUR 15.98 | | |||||
| Start Date | March 1, 2024 | | |||||
| Percentage of program completed as of March 5, 2025 | | | |||||
| | |||||||
| Overview of details of last 5 trading days: | | ||||||
| | |||||||
| Trade Date | Quantity Repurchased | Average Purchase Price | Settlement Amount | | |||
| February 27, 2025 | 21,020 | EUR 19.95 | EUR 419,402 | | |||
| February 28, 2025 | 21,545 | EUR 19.97 | EUR 430,148 | | |||
| March 3, 2025 | 21,152 | EUR 20.38 | EUR 431,126 | | |||
| March 4, 2025 | 25,000 | EUR 20.01 | EUR 500,275 | | |||
| March 5, 2025 | 24,232 | EUR 19.95 | EUR 483,443 | | |||
| Total | 112,949 | EUR 20.05 | EUR 2,264,394 | | |||
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.
Attachment
FAQ
What is the total value of SBM Offshore's (SBFFF) current share repurchase program?
When did SBFFF announce its share repurchase program and its expansion?
What are the main objectives of SBFFF's share repurchase program?
Through which trading platforms is SBFFF conducting its share repurchases?
