November 15, 2023
SBM Offshore reports the transaction details related to its Company share-plan-related repurchase of 350,000 shares (the “Repurchase”) for the period November 9, 2023 through November 15, 2023.
The repurchases were made under the program announced on and effective from November 9, 2023. The objective of the program is to meet obligations from regular management and employee share programs. Information regarding the progress of the share repurchase program and the aggregate of the transactions (calculated on a daily basis) for the period November 9, 2023 through November 15, 2023 can be found in the top half of the table below. Further detailed information regarding both the progress of the share repurchase program and all individual transactions can be accessed via the Investor Relations section of the Company’s website.
Share Repurchase Program Overall progress share-plan-related program: Number of repurchased shares in the last 5 trading days 181,518Cumulative number of repurchased shares 181,518Cumulative Average Repurchase Price EUR 12.29Percentage of program completed as at November 15, 202351.86% Overview of details of last 5 trading days: Trade UpdateQuantity RepurchasedAverage Purchase PriceSettlement AmountNovember 9, 2023 44,491 EUR 12.15EUR 540,447November 10, 2023 41,106 EUR 12.16EUR 499,825November 13, 2023 24,188 EUR 12.33EUR 298,353November 14, 2023 33,402 EUR 12.39EUR 413,861November 15, 2023 38,331 EUR 12.48EUR 478,524Total1 181,518 EUR 12.29EUR 2,231,009 1All shares purchased on Euronext Amsterdam.
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 November 9, 2023, 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 renewable energy sources.
More than 7,000 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 DateYearFull Year 2023 Earnings February 292024Annual General Meeting April 122024First Quarter 2024 Trading Update May 82024Half Year 2024 Earnings August 82024Third Quarter 2024 Trading Update November 142024
For further information, please contact:
Investor Relations
Ludovic Robino
Investor Relations Manager
Mobile:+31 (0) 6 15 16 50 35E-mail:ludovic.robino@sbmoffshore.comWebsite:www.sbmoffshore.com
Media Relations
Evelyn Tachau Brown
Group Communications & Change Director
Mobile:+377 (0) 6 40 62 30 34E-mail:evelyn.tachau-brown@sbmoffshore.comWebsite:www.sbmoffshore.com
Market Abuse Regulation
This press release may contain inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.
Disclaimer
Some 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 2022 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.
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