Completion Company share-plan-related repurchase of 350,000 shares
November 21 2023 - 12:58PM
Completion Company share-plan-related repurchase of 350,000 shares
November 21, 2023
SBM Offshore reports that it has completed the
repurchase of 350,000 shares.
Between November 9, 2023 and November 21, 2023 a
total of 350,000 common shares were repurchased, at an average
price of EUR 12.25 per share, representing a total of EUR
4,286,956. Information regarding the aggregate of the transactions
(calculated on a daily basis) for the period in which the program
was executed can be found in the top half of the table below.
Further detailed information regarding all individual transactions
can be accessed via the Investor Relations section of the Company’s
website.
The repurchases were made under the program announced on and
effective from November 9, 2023. The objective of the program was
to meet obligations from regular management and employee share
programs.
Final Period Share Repurchase Program Transaction
Details
SBM Offshore reports the transaction details
related to the repurchases under the program for the period
November 16, 2023 through November 21, 2023 in the bottom half of
the table below.
Share Repurchase Program |
|
|
|
|
|
|
Overall progress share-plan-related Program: |
|
|
|
|
|
Number of repurchased shares in the last 4 trading days |
|
168,482 |
Cumulative number of repurchased shares |
|
350,000 |
Cumulative Average Repurchase Price |
|
EUR 12.25 |
Start
Date |
|
|
November 9, 2023 |
End Date |
|
|
November 21, 2023 |
Percentage of program completed as at November 21, 2023 |
100% |
|
|
|
|
Overview of details of last 4 trading days: |
|
|
|
|
|
Trade Update |
Quantity Repurchased |
Average Purchase Price |
Settlement Amount |
November 16, 2023 |
55,279 |
EUR 12.21 |
EUR 674,915 |
November 17,
2023 |
35,657 |
EUR 12.10 |
EUR 431,578 |
November 20,
2023 |
28,803 |
EUR 12.31 |
EUR 354,626 |
November 21, 2023 |
48,743 |
EUR 12.20 |
EUR 594,828 |
Total1 |
168,482 |
EUR 12.20 |
EUR 2,055,946 |
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|
|
1All shares purchased on Euronext Amsterdam. |
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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-plan-related repurchase program, as announced by the Company
on November 9, 2023, details of which are available on its
website.
Corporate Profile
SBM Offshore designs, builds, installs and
operates offshore floating facilities for the offshore energy
industry. As a leading technology provider, we put our marine
expertise at the service of a responsible energy transition by
reducing emissions from fossil fuel production, while developing
cleaner solutions for renewable energy sources.
More than 7,000 SBMers worldwide are committed
to sharing their experience to deliver safe, sustainable and
affordable energy from the oceans for generations to come.
For further information, please visit our
website at www.sbmoffshore.com.
Financial Calendar |
|
Date |
Year |
Full Year 2023
Earnings |
|
February 29 |
2024 |
Annual General
Meeting |
|
April 12 |
2024 |
First Quarter
2024 Trading Update |
|
May 8 |
2024 |
Half Year 2024
Earnings |
|
August 8 |
2024 |
Third Quarter
2024 Trading Update |
|
November 14 |
2024 |
For further information, please contact:
Investor Relations
Ludovic RobinoInvestor Relations Manager
Mobile: |
+31 (0) 6 15 16 50 35 |
E-mail: |
ludovic.robino@sbmoffshore.com |
Website: |
www.sbmoffshore.com |
Media Relations
Evelyn Tachau BrownGroup Communications &
Change Director
Mobile: |
+377 (0) 6 40 62 30 34 |
E-mail: |
evelyn.tachau-brown@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 ‘Risk Management’ section of the
2022 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.
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 “Float4Wind®” are proprietary marks owned by
SBM Offshore.
- Completion Company share-plan-related repurchase of 350,000
shares
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