SBM OFFSHORE NV ADR - SBFFY STOCK NEWS

SBM Offshore has announced the details of its EUR150 million (approximately US$180 million) share repurchase program, effective from August 5, 2021, through October 6, 2021. As of the latest update, the cumulative repurchase amount stands at EUR141,002,204, representing 94% completion of the program. During this period, a total of 9,368,000 shares were repurchased at an average price of EUR15.05. This initiative aims to reduce share capital and support employee share programs, enhancing shareholder value.

SBM Offshore has detailed its EUR150 million (approximately US$180 million) share repurchase program, effective from August 5, 2021. As of September 29, 2021, the cumulative repurchase amount stands at EUR124,677,838, with 8,304,000 shares bought back at an average price of EUR15.01. The program aims to reduce share capital and provision shares for management and employee programs. Notably, 83.12% of the repurchase program has been completed, indicating strong commitment to enhancing shareholder value.

SBM Offshore has secured a US$635 million bridge loan for the construction of FPSO Almirante Tamandaré. The loan, provided to the special purpose company owning the FPSO, will be fully drawn soon to support ongoing construction efforts. The loan has a twelve-month term with a possible six-month extension. Repayment is set to occur upon completion and initial drawdown from the project loan. Discussions for divesting 45% equity ownership to partners are ongoing, indicating strategic moves for future capital involvement.

SBM Offshore has provided an update on its EUR150 million share repurchase program, effective from August 5, 2021, reporting cumulative buybacks of approximately EUR108.9 million as of September 22, 2021. In total, the company has repurchased 7.26 million shares at an average price of EUR 15.00, achieving 72.61% completion of the program. The repurchase aims to reduce share capital and support management and employee share initiatives. The latest transactions from September 16 to September 22 include repurchasing 1,004,000 shares totaling EUR15.24 million.

SBM Offshore has successfully completed project financing for the FPSO Sepetiba amounting to US$1.6 billion, marking its largest financing deal to date. The financing was arranged by a consortium of 13 international banks and includes support from Export Credit Agencies. This FPSO is designed for high capacity operations, with a processing capability of 180,000 barrels of oil per day. It will be deployed in the Mero field, located in Brazil's Santos Basin, which hosts a consortium of major industry players.

SBM Offshore announced the latest updates on its EUR150 million share repurchase program, revealing that as of September 15, 2021, approximately 62.45% of the program has been completed. The cumulative repurchase amount stood at EUR93.67 million, with a total of 6,256,000 shares repurchased at an average price of EUR14.97. This initiative aims to enhance shareholder value by reducing share capital and providing shares for management and employee programs. For detailed transaction records, visit the company’s investor section.

SBM Offshore has reported ongoing progress on its EUR150 million (approximately US$180 million) share repurchase program, effective from August 5, 2021. As of September 8, 2021, the company has repurchased a cumulative amount of EUR75.74 million, equating to 5,107,000 shares at an average price of EUR14.83. The program aims to reduce share capital and supply shares for employee management programs, with nearly 50.49% of the program completed by the reporting date. The detailed transaction data is available through the Investor Relations Centre of the company’s website.

On September 1, 2021, SBM Offshore provided an update on its EUR150 million share repurchase program initiated on August 5, 2021. As of this date, the cumulative repurchased amount reached EUR56.2 million, reflecting 37.47% of the total program. A total of 3,860,000 shares were repurchased at an average price of EUR14.56. The program aims to reduce share capital and supply shares for management and employee programs. Further details on the transactions are available on the company's Investor Relations website.

SBM Offshore reports the cumulative details of its EUR150 million share repurchase program, initiated on August 5, 2021. As of August 25, 2021, the company has repurchased a total of EUR39.3 million worth of shares, equivalent to 2,765,000 shares at an average price of EUR14.21. This represents 26.19% completion of the program. The repurchases aim to reduce share capital and supply shares for management and employee programs. Detailed transaction information is available on the company’s Investor Relations website.