Amsterdam, May 28, 2025
SBM Offshore today announced the latest details of its ongoing share repurchase program, revealing transactions from May 22, 2025, through May 28, 2025. The company is repurchasing shares under its EUR141 million (approximately $150 million1) program, originally announced on February 20, 2025, and effective from April 24, 2025. The core objectives of the program are to reduce share capital and provide shares for regular management and employee share programs. A snapshot of the program’s progress, including transactions from April 24, 2025, to May 28, 2025, is detailed below. Further in-depth information on both the program’s overall trajectory and individual transactions can be found on the company’s investor relations website.
| Share Repurchase Program | |||||||
| Overall progress Share Repurchase Program: | |||||||
| Total Repurchase Amount | EUR 141,189,019 | ||||||
| Cumulative Repurchase Amount | EUR 16,418,463 | ||||||
| Cumulative Quantity Repurchased | 878,214 | ||||||
| Cumulative Average Repurchase Price | EUR 18.70 | ||||||
| Start Date | April 24, 2025 | ||||||
| Percentage of program completed as of May 28, 2025 | 11.63% | ||||||
| Overview of details of last 5 trading days: | |||||||
| Trade Date | Quantity Repurchased | Average Purchase Price | Settlement Amount | ||||
| May 22, 2025 | 33,549 | EUR 19.02 | EUR 638,122 | ||||
| May 23, 2025 | 36,437 | EUR 18.96 | EUR 690,795 | ||||
| May 26, 2025 | 33,671 | EUR 19.15 | EUR 644,924 | ||||
| May 27, 2025 | 21,903 | EUR 19.78 | EUR 433,276 | ||||
| May 28, 2025 | 27,531 | EUR 20.15 | EUR 554,739 | ||||
| Total | 153,091 | EUR 19.35 | EUR 2,961,856 | ||||
All shares purchased via Euronext Amsterdam, CBOE DXE and or Turquoise
This update is being released in accordance with the Market Abuse Regulation (nr. 596/2014). The information provided concerns the ongoing share repurchase program initiated by SBM Offshore on February 20, 2025. Further details on the program are available on the company’s website.
Corporate Profile
SBM Offshore is a leading expert in deepwater ocean infrastructure. Their innovative practices lead the industry. By designing, constructing, installing, and maintaining offshore floating facilities, the company plays a key role in the critical transition towards a sustainable future. The company is also working on expanding the blue economy through various initiatives. The company’s 7,800+ employees around the world work together towards solutions that balance ocean protection with sustainable energy production.
Financial Calendar
| Financial Calendar | Date | Year | |
| Half Year 2025 Earnings | August 7 | 2025 | |
| Third Quarter 2025 Trading Update | November 13 | 2025 | |
| Full Year 2025 Earnings | February 26 | 2026 | |
| Annual General Meeting | April 15 | 2026 | |
| First Quarter 2026 Trading Update | May 7 | 2026 |
1Based on the foreign exchange rate on February 20, 2025
This release contains certain alternative performance measures (APMs) as defined by the ESMA guidelines which are not defined under IFRS. Further information on these APMs is included in the Half-Year Management Report accompanying the Half Year Earnings 2024 report, available on our website
Original article, Author: Jam. If you wish to reprint this article, please indicate the source:https://aicnbc.com/1166.html
