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 January 23-29, 2025. 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 January 29, 2025, the company has completed 77.62% of the program, repurchasing 6,403,871 shares at an average price of EUR15.76, totaling EUR100,903,131. In the last five trading days, 111,378 shares were repurchased at an average price of EUR17.88, amounting to EUR1,991,478.
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 23 al 29 gennaio 2025. Il programma, inizialmente annunciato per un valore di 65 milioni di euro il 29 febbraio 2024 e aumentato di ulteriori 65 milioni di euro l'8 agosto 2024, mira a ridurre il capitale azionario e a fornire azioni per i programmi destinati ai dipendenti.
Alla data del 29 gennaio 2025, l'azienda ha completato il 77,62% del programma, riacquistando 6.403.871 azioni a un prezzo medio di 15,76 euro, per un totale di 100.903.131 euro. Negli ultimi cinque giorni di negoziazione, sono state riacquistate 111.378 azioni a un prezzo medio di 17,88 euro, per un importo di 1.991.478 euro.
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 23 al 29 de enero de 2025. El programa, que se anunció inicialmente por 65 millones de euros el 29 de febrero de 2024 y se incrementó 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 29 de enero de 2025, la empresa ha completado el 77,62% del programa, recomprando 6.403.871 acciones a un precio medio de 15,76 euros, sumando un total de 100.903.131 euros. En los últimos cinco días hábiles, se recompraron 111.378 acciones a un precio medio de 17,88 euros, lo que equivale a 1.991.478 euros.
SBM Offshore (SBFFF)는 2025년 1월 23일부터 29일까지의 1억 3천만 유로(약 1억 4천만 달러) 규모의 자사주 매입 프로그램에 대한 업데이트를 제공했습니다. 이 프로그램은 2024년 2월 29일에 6천5백만 유로로 처음 발표되었고, 2024년 8월 8일에 또 6천5백만 유로가 추가되었습니다. 이는 자기주식을 줄이고 직원 프로그램을 위한 주식을 제공하는 것을 목표로 하고 있습니다.
2025년 1월 29일 기준으로, 회사는 프로그램의 77.62%를 완료하였으며, 6,403,871주를 평균 가격 15.76유로에 재매입하여 총 100,903,131유로를 지출했습니다. 지난 5거래일 동안 111,378주가 평균 가격 17.88유로에 재매입되어 1,991,478유로의 비용이 발생했습니다.
SBM Offshore (SBFFF) a fourni une mise à jour concernant son programme de rachat d'actions d'un montant de 130 millions d'euros (environ 140 millions de dollars) pour la période du 23 au 29 janvier 2025. Ce programme, initialement annoncé à 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 des programmes destinés aux employés.
Au 29 janvier 2025, la société a achevé 77,62% du programme, ayant racheté 6.403.871 actions à un prix moyen de 15,76 euros, totalisant ainsi 100.903.131 euros. Au cours des cinq derniers jours de bourse, 111.378 actions ont été rachetées à un prix moyen de 17,88 euros, soit un montant de 1.991.478 euros.
SBM Offshore (SBFFF) hat ein Update zu seinem Aktienrückkaufprogramm im Wert von 130 Millionen Euro (ca. 140 Millionen US-Dollar) für den Zeitraum vom 23. bis 29. Januar 2025 bereitgestellt. Das Programm wurde ursprünglich am 29. Februar 2024 mit 65 Millionen Euro angekündigt und am 8. August 2024 um weitere 65 Millionen Euro erhöht. Ziel ist es, das Eigenkapital zu reduzieren und Aktien für Mitarbeiterprogramme bereitzustellen.
Bis zum 29. Januar 2025 hat das Unternehmen 77,62% des Programms abgeschlossen und 6.403.871 Aktien zu einem durchschnittlichen Preis von 15,76 Euro zurückgekauft, was einem Gesamtbetrag von 100.903.131 Euro entspricht. In den letzten fünf Handelstagen wurden 111.378 Aktien zu einem durchschnittlichen Preis von 17,88 Euro zurückgekauft, was 1.991.478 Euro ausmacht.
- 77.62% completion of EUR130 million share repurchase program
- Reduction in share capital potentially improving EPS
- Strong progress in buyback execution with over EUR100 million already deployed
- Average repurchase price increasing from EUR15.76 (program average) to EUR17.88 (latest week)
- Significant cash outflow of EUR130 million for buyback program
Amsterdam, January 29, 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 January 29, 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 100,903,131 | | |||||
| Cumulative Quantity Repurchased | 6,403,871 | | |||||
| Cumulative Average Repurchase Price | EUR 15.76 | | |||||
| Start Date | March 1, 2024 | | |||||
| Percentage of program completed as of January 29, 2025 | | | |||||
| | |||||||
| Overview of details of last 5 trading days: | | ||||||
| | |||||||
| Trade Date | Quantity Repurchased | Average Purchase Price | Settlement Amount | | |||
| January 23, 2025 | 19,995 | EUR 18.29 | EUR 365,785 | | |||
| January 24, 2025 | 22,276 | EUR 17.79 | EUR 396,337 | | |||
| January 27, 2025 | 21,594 | EUR 17.87 | EUR 385,803 | | |||
| January 28, 2025 | 25,673 | EUR 17.73 | EUR 455,134 | | |||
| January 29, 2025 | 21,840 | EUR 17.78 | EUR 388,420 | | |||
| Total | 111,378 | EUR 17.88 | EUR 1,991,478 | | |||
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
How much has SBM Offshore (SBFFF) spent on share repurchases as of January 29, 2025?
What is the average price per share SBFFF paid in its buyback program?
When did SBFFF increase its share repurchase program?
How many shares has SBFFF repurchased in total under the current program?
What are the objectives of SBFFF's share repurchase program?
