SBM OFFSHORE NV ADR - SBFFY STOCK NEWS

SBM Offshore announced the appointment of two new Supervisory Board members, Lucia de Andrade and Denise Dettingmeijer, at an Extraordinary General Meeting held on January 17, 2025. Their appointments are effective immediately and will last until the Annual General Meeting in 2029.

SBM Offshore, a global leader in deepwater ocean-infrastructure, employs over 7,400 people worldwide. The company focuses on designing, constructing, installing, and operating offshore floating facilities, contributing to cleaner energy production and expanding into new blue economy markets.

SBM Offshore (SBFFF) has provided an update on its EUR130 million (c. US$140 million) share repurchase program for January 9-15, 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 15, 2025, the company has completed 74.63% of the program, repurchasing 6,187,924 shares at an average price of EUR15.68, totaling EUR97,016,730. In the last five trading days, 95,965 shares were repurchased at an average price of EUR17.80, amounting to EUR1,708,036.

SBM Offshore (SBFFF) has reported the latest transaction details of its EUR130 million (c. US$140 million) share repurchase program for January 2-8, 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 January 8, 2025, the company has completed 73.31% of the program, repurchasing 6,091,959 shares at an average price of EUR15.64, totaling EUR95,308,694. In the last five trading days, 120,433 shares were repurchased at an average price of EUR17.24, amounting to EUR2,075,828.

The program's objective is to reduce share capital and provide shares for regular management and employee share programs.

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 has provided an update on its EUR130 million (c. US$140 million) share repurchase program for December 19-24, 2024. 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 management and employee programs.

As of December 24, 2024, the company has completed 70.77% of the program, repurchasing 5,899,015 shares at an average price of EUR15.60, totaling EUR92,004,521. In the last trading week, 159,483 shares were repurchased at an average price of EUR16.72, amounting to EUR2,666,232.

SBM Offshore and ExxonMobil Guyana have completed the sale transaction of FPSO Liza Destiny for approximately US$535 million. The deal was finalized ahead of the maximum lease term, which would have expired in December 2029. Under the agreement, ExxonMobil Guyana assumes ownership while SBM Offshore will continue to operate and maintain the FPSO until 2033.

The net cash proceeds will be primarily used to repay the US$405 million project financing, reducing SBM Offshore's net debt position. The FPSO has been operational since December 2019, and since 2023 has been operated through an integrated operations and maintenance model combining both companies' expertise.

SBM Offshore (SBFFF) has provided an update on its EUR130 million (c. US$140 million) share repurchase program for December 12-18, 2024. 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 December 18, 2024, the company has completed 68.72% of the program, repurchasing 5,739,532 shares at an average price of EUR15.57, totaling EUR89,338,289. In the last five trading days, 238,258 shares were repurchased at an average price of EUR16.69, amounting to EUR3,976,688.

SBM Offshore (SBFFF) has provided an update on its EUR130 million (c. US$140 million) share repurchase program. From December 5-11, 2024, the company repurchased 194,012 shares at an average price of EUR16.92, totaling EUR3,283,433. The program, initially announced on February 29, 2024, for EUR65 million and increased by another EUR65 million on August 8, 2024, aims to reduce share capital and provide shares for employee programs.

As of December 11, 2024, the company has completed 65.66% of the program, having repurchased 5,501,274 shares at an average price of EUR15.52, for a cumulative amount of EUR85,361,601.

SBM Offshore has announced the publication of its Extraordinary General Meeting (EGM) agenda and shareholder invitation. The EGM will be held at the Sheraton Amsterdam Airport Hotel on January 17, 2025 at 3:30 PM CET.

The company, which specializes in deepwater ocean-infrastructure, employs over 7,400 people globally and focuses on delivering cleaner energy production solutions while expanding into new blue economy markets. Their work involves the design, construction, installation, and operation of offshore floating facilities.