Weekly share repurchase program transaction details
SBM Offshore (SBFFF) has reported details of its ongoing EUR130 million (c. US$140 million) share repurchase program for February 6-12, 2025. The program, initially announced at EUR65 million on February 29, 2024, was increased by an additional EUR65 million on August 8, 2024. As of February 12, 2025, the company has completed 80.56% of the program, repurchasing 6,613,461 shares at an average price of EUR15.84, totaling EUR104,730,680.
During the latest five trading days, the company repurchased 102,181 shares at an average price of EUR18.46, amounting to EUR1,886,470. The program's objectives are to reduce share capital and provide shares for management and employee share programs. All purchases were executed via Euronext Amsterdam, CBOE DXE, and Turquoise.
SBM Offshore (SBFFF) ha riportato dettagli sul suo programma di riacquisto di azioni in corso del valore di 130 milioni di euro (circa 140 milioni di dollari) per il periodo dal 6 al 12 febbraio 2025. Il programma, inizialmente annunciato per 65 milioni di euro il 29 febbraio 2024, è stato aumentato di ulteriori 65 milioni di euro l'8 agosto 2024. Al 12 febbraio 2025, l'azienda ha completato l'80,56% del programma, riacquistando 6.613.461 azioni a un prezzo medio di 15,84 euro, per un totale di 104.730.680 euro.
Durante gli ultimi cinque giorni di trading, l'azienda ha riacquistato 102.181 azioni a un prezzo medio di 18,46 euro, per un importo di 1.886.470 euro. Gli obiettivi del programma sono ridurre il capitale azionario e fornire azioni per i programmi di partecipazione azionaria per la gestione e i dipendenti. Tutti gli acquisti sono stati eseguiti tramite Euronext Amsterdam, CBOE DXE e Turquoise.
SBM Offshore (SBFFF) ha informado detalles sobre su programa de recompra de acciones en curso por un total de 130 millones de euros (aproximadamente 140 millones de dólares) para el período del 6 al 12 de febrero de 2025. El programa, que se anunció inicialmente por 65 millones de euros el 29 de febrero de 2024, se incrementó en otros 65 millones de euros el 8 de agosto de 2024. Al 12 de febrero de 2025, la empresa ha completado el 80,56% del programa, recomprando 6.613.461 acciones a un precio promedio de 15,84 euros, totalizando 104.730.680 euros.
Durante los últimos cinco días de negociación, la empresa recompró 102.181 acciones a un precio promedio de 18,46 euros, lo que equivale a 1.886.470 euros. Los objetivos del programa son reducir el capital social y proporcionar acciones para los programas de participación de gestión y empleados. Todas las compras se realizaron a través de Euronext Ámsterdam, CBOE DXE y Turquoise.
SBM Offshore (SBFFF)는 2025년 2월 6일부터 12일까지 진행되는 1억 3천만 유로(약 1억 4천만 달러)의 자사주 매입 프로그램에 대한 세부 정보를 발표했습니다. 이 프로그램은 2024년 2월 29일에 6천5백만 유로로 처음 발표되었으며, 2024년 8월 8일에 추가로 6천5백만 유로가 증가되었습니다. 2025년 2월 12일 현재, 회사는 프로그램의 80.56%를 완료했습니다, 평균 가격 15.84유로로 6,613,461주를 재매입하여 총 104,730,680유로에 달합니다.
최근 5일의 거래일 동안, 회사는 평균 가격 18.46유로로 102,181주를 재매입하여 총 1,886,470유로에 달합니다. 프로그램의 목표는 자본금 감소와 경영진 및 직원 주식 프로그램을 위한 주식 제공입니다. 모든 매입은 Euronext 암스테르담, CBOE DXE 및 Turquoise를 통해 실행되었습니다.
SBM Offshore (SBFFF) a rapporté des détails sur son programme de rachat d'actions en cours d'un montant de 130 millions d'euros (environ 140 millions de dollars) pour la période du 6 au 12 février 2025. Le programme, initialement annoncé à 65 millions d'euros le 29 février 2024, a été augmenté de 65 millions d'euros supplémentaires le 8 août 2024. Au 12 février 2025, la société a complété 80,56 % du programme, rachetant 6 613 461 actions à un prix moyen de 15,84 euros, totalisant 104 730 680 euros.
Au cours des cinq derniers jours de négociation, la société a racheté 102 181 actions à un prix moyen de 18,46 euros, soit un montant de 1 886 470 euros. Les objectifs du programme sont de réduire le capital social et de fournir des actions pour les programmes de participation des dirigeants et des employés. Tous les achats ont été réalisés via Euronext Amsterdam, CBOE DXE et Turquoise.
SBM Offshore (SBFFF) hat Details zu seinem laufenden Aktienrückkaufprogramm im Wert von 130 Millionen Euro (ca. 140 Millionen US-Dollar) für den Zeitraum vom 6. bis 12. Februar 2025 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 erhöht. Am 12. Februar 2025 hat das Unternehmen 80,56% des Programms abgeschlossen, indem es 6.613.461 Aktien zu einem Durchschnittspreis von 15,84 Euro zurückgekauft hat, was insgesamt 104.730.680 Euro ausmacht.
In den letzten fünf Handelstagen hat das Unternehmen 102.181 Aktien zu einem Durchschnittspreis von 18,46 Euro zurückgekauft, was 1.886.470 Euro entspricht. Die Ziele des Programms sind die Reduzierung des Aktienkapitals und die Bereitstellung von Aktien für Management- und Mitarbeiterbeteiligungsprogramme. Alle Käufe wurden über Euronext Amsterdam, CBOE DXE und Turquoise durchgeführt.
- 80.56% completion of EUR130 million share repurchase program
- Strong progress in capital return to shareholders with EUR104.7 million already deployed
- Average repurchase price of EUR15.84 indicates efficient capital deployment
- None.
Amsterdam, February 12, 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 February 12, 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 104,730,680 | ||||||
| Cumulative Quantity Repurchased | 6,613,461 | ||||||
| Cumulative Average Repurchase Price | EUR 15.84 | ||||||
| Start Date | March 1, 2024 | ||||||
| Percentage of program completed as of February 12, 2025 | |||||||
| Overview of details of last 5 trading days: | |||||||
| Trade Date | Quantity Repurchased | Average Purchase Price | Settlement Amount | ||||
| February 6, 2025 | 20,980 | EUR 18.56 | EUR 389,355 | ||||
| February 7, 2025 | 21,078 | EUR 18.38 | EUR 387,477 | ||||
| February 10, 2025 | 17,479 | EUR 18.55 | EUR 324,234 | ||||
| February 11, 2025 | 21,375 | EUR 18.49 | EUR 395,252 | ||||
| February 12, 2025 | 21,269 | EUR 18.34 | EUR 390,152 | ||||
| Total | 102,181 | EUR 18.46 | EUR 1,886,470 | ||||
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 of SBM Offshore's (SBFFF) share repurchase program is completed as of February 2025?
What is the total value of SBFFF's current share repurchase program?
What is the average price per share in SBFFF's buyback program through February 2025?
What are the objectives of SBM Offshore's 2024-2025 share repurchase program?
How many shares did SBFFF repurchase between February 6-12, 2025?
