Company share-plan related repurchase of 50,000 shares
February 29 2024 - 1:05AM
Company share-plan related repurchase of 50,000 shares
February 29, 2024
On February 29, 2024, SBM Offshore will start
the repurchase of 50,000 of its own ordinary shares to meet
obligations from regular management and employee share programs. At
yesterday’s closing price on Euronext Amsterdam, the program would
cost approximately EUR0.6 million (c. US$0.71).
The repurchase program is expected to be
completed ultimately on March 7, 2024, pursuant to the
authorization granted by the Annual General Meeting of the Company
on April 13, 2023.
The execution of the share repurchase program
will be done under the terms of an engagement letter with a third
party, performed in compliance with the safe harbor provisions for
share repurchases. Accordingly, transactions may be carried out
during closed periods.
In accordance with the European Market Abuse
Regulation, the Company will inform the market of the progress made
in the execution of this program through weekly press releases and
updates 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 alternative energy sources.
More than 7,400 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 |
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 |
Full Year 2024 Earnings |
|
February 20 |
2025 |
For further information, please contact:
Investor Relations
Wouter HoltiesCorporate Finance & Investor
Relations Manager
Mobile: |
+31 (0) 6 23 34 37 64 |
E-mail: |
wouter.holties@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 RegulationThis press release may
contain inside information within the meaning of Article 7(1) of
the EU Market Abuse Regulation.
DisclaimerSome 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.
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.
1 Based on the foreign exchange rate on February 28, 2024
- Company share-plan related repurchase of 50,000 shares
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