Overview of SBM Offshore's Share Repurchase Program
SBM Offshore has recently revealed updates regarding its share repurchase program, which was initially set for EUR 141 million (approximately USD 150 million). This program commenced on April 24, 2025, following its announcement on February 20, 2025.
The primary aims of the share repurchase initiative are twofold: to minimize the share capital and to supply shares for management and employee stock programs. Regular updates indicate the progress made from the program's start date through recent trading activities.
Key Transaction Highlights
Between September 11 and September 17, 2025, several transactions took place, showcasing a substantial commitment to executing the repurchase strategy. As detailed, this period marks significant achievement for the company in fortifying shareholder value.
Noteworthy figures from this week's operations include:
- Total Repurchase Amount: EUR 141,189,019
- Cumulative Repurchase Amount: EUR 70,037,790
- Cumulative Quantity Repurchased: 3,268,573 shares
- Cumulative Average Repurchase Price: EUR 21.43
- Completion Percentage as of September 17, 2025: 49.61%
Recent Trading Days Overview
The last five trading days demonstrated robust activity in share repurchase. Details include:
- September 11, 2025: 30,236 shares at EUR 22.14, totaling EUR 669,407
- September 12, 2025: 39,804 shares at EUR 21.97, totaling EUR 874,331
- September 15, 2025: 48,891 shares at EUR 21.82, totaling EUR 1,066,816
- September 16, 2025: 50,683 shares at EUR 21.64, totaling EUR 1,096,669
- September 17, 2025: 50,630 shares at EUR 21.53, totaling EUR 1,090,069
The overall statistics from these transactions highlight the company's dedicated approach to enhancing shareholder returns through an efficient buying strategy.
Insights into SBM Offshore
SBM Offshore stands as a leader in the deepwater ocean-infrastructure sector, committed to innovative design and operation of offshore facilities. With a team of over 7,800 dedicated professionals, the company emphasizes sustainable progress, balancing energy needs with ocean preservation.
As a key player in the energy industry, SBM Offshore continuously seeks to explore and expand markets within the blue economy while supporting cleaner production methods. Observing their recent initiatives illustrates a company ready to innovate and evolve.
Contact Information for Investor Relations
For detailed inquiries and more information about SBM Offshore, you can reach out to:
Wouter Holties
Corporate Finance & Investor Relations Manager
Mobile: +31 (0) 2 02 36 32 36
E-mail: wouter.holties@sbmoffshore.com
Frequently Asked Questions
What is the purpose of the share repurchase program?
The main objectives are to reduce share capital and provide shares for management and employee stock programs.
What is the current status of the share repurchase program?
As of September 17, 2025, the program is 49.61% completed, with over EUR 141 million allocated for repurchases.
What has been the average purchase price of shares repurchased?
The cumulative average repurchase price so far is EUR 21.43 per share.
How many shares have been purchased in total?
To date, SBM Offshore has repurchased a total of 3,268,573 shares.
Who can I contact for more information about SBM Offshore?
Interested parties can contact Wouter Holties, Investor Relations Manager, via email at wouter.holties@sbmoffshore.com.
