Completion Company share-plan-related repurchase of 50,000 shares
February 29 2024 - 1:11PM
Completion Company share-plan-related repurchase of 50,000 shares
February 29, 2024
SBM Offshore reports that it has completed the
repurchase of 50,000 shares.
The repurchases were made under the program announced on and
effective from February 29, 2024. The objective of the program was
to meet obligations from regular management and employee share
programs.
On February 29, 2024, a total of 50,000 common
shares were repurchased, at an average price of EUR 13.14 per
share, representing a total of EUR 657,121. Information regarding
the aggregate of the transactions for the period during 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 Investors section of the
Company’s website.
Final Period Share Repurchase Program Transaction
Details
SBM Offshore reports the transaction details
related to the repurchases under the program on February 29, 2024
in the table below.
Share Repurchase Program |
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Overall progress share-plan-related Program: |
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Total number of shares to be purchased |
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50,000 |
Cumulative number of repurchased shares |
|
50,000 |
Cumulative Repurchase Amount |
|
EUR 657,121 |
Cumulative Average Repurchase Price |
|
EUR 13.14 |
Start
Date |
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|
February 29, 2024 |
End Date |
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February 29, 2024 |
Percentage of program completed |
100% |
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Overview of details: |
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Trade Date |
Quantity Repurchased |
Average Purchase Price |
Settlement Amount |
February 29, 2024 |
50,000 |
EUR 13.14 |
EUR 657,121 |
Total1 |
50,000 |
EUR 13.14 |
EUR 657,121 |
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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 February 29, 2024, 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 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 ‘Risk
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.
- Completion 2024 Company share-plan related repurchase of 50,000
shares
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