Insights into SBM Offshore's Recent Share Repurchase Program
Understanding SBM Offshore's Share Repurchase Program
SBM Offshore has disclosed significant updates regarding its share repurchase initiative, which is a strategic approach contributing to the company's long-term growth and investor engagement. As part of this program, the company has committed to repurchasing shares amounting to approximately EUR141 million throughout the stated periods.
Transaction Details of the Share Repurchase
According to reports, the share buyback took place from August 14 to August 20 within a broader initiative effective since April 24. The underlying aim of this repurchase is to reduce share capital while also providing funds for employee management and share schemes.
Progress Overview
During the outlined period, here are some key figures from the share repurchase program:
- Total Repurchase Amount: EUR 141,189,019
- Cumulative Repurchase Amount: EUR 54,427,645
- Cumulative Quantity Repurchased: 2,574,029 shares
- Cumulative Average Repurchase Price: EUR 21.14
- Percentage of Program Completed: 38.55%
Recent Trading Days Summary
Here’s a brief look at the latest trading days corresponding to share repurchases:
| Trade Date | Quantity Repurchased | Average Purchase Price | Settlement Amount |
|---|---|---|---|
| August 14, 2025 | 29,219 | EUR 22.28 | EUR 650,999 |
| August 15, 2025 | 28,996 | EUR 22.45 | EUR 650,980 |
| August 18, 2025 | 28,854 | EUR 22.56 | EUR 650,981 |
| August 19, 2025 | 28,223 | EUR 23.07 | EUR 650,997 |
| August 20, 2025 | 26,714 | EUR 22.93 | EUR 612,445 |
SBM Offshore: A Closer Look
SBM Offshore continues to assert its place as a leader in deepwater and floating facility infrastructure. The firm specializes in designing, constructing, and operating offshore infrastructures, actively contributing to cleaner energy solutions and forging pathways in the blue economy.
Corporate Communications
Investors can stay informed about the status of the share repurchase program, alongside latest updates, by checking the Investor Relations section on the company's website. This transparency builds trust and supports shareholder confidence in SBM Offshore’s strategic decisions and operational performance.
Frequently Asked Questions
What is the purpose of the share repurchase program?
The share repurchase program aims to reduce share capital and offer shares for employee management schemes.
How much has been repurchased under this program?
Thus far, EUR141 million worth of shares have been repurchased, totaling 2,574,029 shares.
What was the cumulative average purchase price?
The average purchase price was EUR 21.14 for the cumulative repurchased shares.
When did the share repurchase program commence?
The program began on April 24, 2025, and is designed to continue providing updates as transactions unfold.
Where can investors find more information about SBM Offshore?
Investors can access comprehensive information through the company's official website, particularly in the Investor Relations section.
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