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 March 20-26, 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 continues to execute the buyback through Euronext Amsterdam, CBOE DXE, and Turquoise trading platforms. This update is part of regular transaction details disclosure required under Market Abuse Regulation (nr. 596/2014).
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 USA) per il periodo dal 20 al 26 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 sociale e fornire azioni per i programmi di partecipazione azionaria per la dirigenza e i dipendenti.
L'azienda continua ad eseguire il riacquisto attraverso le piattaforme di trading Euronext Amsterdam, CBOE DXE e Turquoise. Questo aggiornamento fa parte della divulgazione regolare dei dettagli delle transazioni richiesta dal Regolamento sull'abuso di mercato (n. 596/2014).
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 estadounidenses) para el período del 20 al 26 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 continúa ejecutando la recompra a través de las plataformas de negociación Euronext Ámsterdam, CBOE DXE y Turquoise. Esta actualización es parte de la divulgación regular de detalles de transacciones requerida bajo el Reglamento de Abuso de Mercado (n.º 596/2014).
SBM Offshore (SBFFF)는 2025년 3월 20일부터 26일까지의 기간 동안 1억 3천만 유로 (약 1억 4천만 달러)에 달하는 자사주 매입 프로그램에 대한 업데이트를 제공했습니다. 이 프로그램은 2024년 2월 29일에 6천5백만 유로로 처음 발표되었고, 2024년 8월 8일에 추가로 6천5백만 유로가 증가되었습니다. 이 프로그램의 두 가지 주요 목표는 자본금을 줄이고 경영진 및 직원 주식 프로그램을 위한 주식을 제공하는 것입니다.
회사는 Euronext 암스테르담, CBOE DXE 및 Turquoise 거래 플랫폼을 통해 매입을 계속 실행하고 있습니다. 이 업데이트는 시장 남용 규정(제596/2014호)에 따라 요구되는 정기적인 거래 세부 사항 공개의 일환입니다.
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 américains) pour la période du 20 au 26 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 continue d'exécuter le rachat via les plateformes de trading Euronext Amsterdam, CBOE DXE et Turquoise. Cette mise à jour fait partie de la divulgation régulière des détails des transactions requise par le Règlement sur les abus de marché (n° 596/2014).
SBM Offshore (SBFFF) hat ein Update zu seinem Aktienrückkaufprogramm im Wert von 130 Millionen Euro (ca. 140 Millionen US-Dollar) für den Zeitraum vom 20. bis 26. März 2025 bereitgestellt. Das Programm wurde ursprünglich am 29. Februar 2024 mit 65 Millionen Euro angekündigt und später am 8. August 2024 um weitere 65 Millionen Euro erhöht. Es verfolgt zwei Hauptziele: die Reduzierung des Grundkapitals und die Bereitstellung von Aktien für Management- und Mitarbeiterbeteiligungsprogramme.
Das Unternehmen setzt den Rückkauf über die Handelsplattformen Euronext Amsterdam, CBOE DXE und Turquoise fort. Dieses Update ist Teil der regelmäßigen Offenlegung von Transaktionsdetails, die gemäß der Marktmissbrauchsverordnung (Nr. 596/2014) erforderlich ist.
- EUR130 million share buyback program demonstrates strong commitment to shareholder value
- Program helps optimize capital structure through share capital reduction
- Supports employee retention through management and employee share programs
- Significant cash outflow of EUR130 million reduces available capital for operations or investments
- Share buyback may limit financial flexibility for future opportunities
Amsterdam, March 26, 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 26, 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 117,367,481 | | |||||
Cumulative Quantity Repurchased | 7,256,414 | | |||||
Cumulative Average Repurchase Price | EUR 16.17 | | |||||
Start Date | March 1, 2024 | | |||||
Percentage of program completed as of March 26, 2025 | | | |||||
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Overview of details of last 5 trading days: | | ||||||
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Trade Date | Quantity Repurchased | Average Purchase Price | Settlement Amount | | |||
March 20, 2025 | 23,851 | EUR 20.26 | EUR 483,164 | | |||
March 21, 2025 | 25,361 | EUR 19.91 | EUR 504,940 | | |||
March 24, 2025 | 24,613 | EUR 19.83 | EUR 488,086 | | |||
March 25, 2025 | 20,895 | EUR 20.03 | EUR 418,443 | | |||
March 26, 2025 | 20,610 | EUR 20.29 | EUR 418,117 | | |||
Total | 115,330 | EUR 20.05 | EUR 2,312,750 | |
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.
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