Weekly share repurchase program transaction details
Rhea-AI Summary
SBM Offshore (SBFFF) has reported details of its ongoing share repurchase program worth EUR130 million (approximately US$140 million) for the period March 13-19, 2025. The program, initially announced on February 29, 2024, for EUR65 million and later increased by an additional EUR65 million on August 8, 2024, serves two main objectives: reducing share capital and providing shares for management and employee share programs.
The share purchases were executed through multiple trading venues including Euronext Amsterdam, CBOE DXE, and Turquoise. The company maintains transparency by providing daily transaction details and program progress through its investor relations website.
Positive
- EUR130 million share repurchase program demonstrates strong financial position
- Program reduces share count, potentially increasing earnings per share
- Commitment to employee incentivization through share programs
Negative
- Significant cash outflow of EUR130 million reduces available capital for operations or investments
News Market Reaction 1 Alert
On the day this news was published, SBFFF declined 2.35%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Amsterdam, March 19, 2025
SBM Offshore reports the transaction details related to its EUR130 million (c. US
The repurchases were made under the EUR65 million share repurchase program announced on February 29, 2024, effective from March 1, 2024 and increased by EUR65 million as announced on August 8, 2024. The objective of the program is to reduce share capital and, in addition, to provide shares for 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 March 1, 2024 through March 19, 2025 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 Investors section of the Company’s website.
| Share Repurchase Program | |||||||
| Overall progress Share Repurchase Program: | |||||||
| Total Repurchase Amount | EUR 130,000,000 | ||||||
| Cumulative Repurchase Amount | EUR 115,054,731 | ||||||
| Cumulative Quantity Repurchased | 7,141,084 | ||||||
| Cumulative Average Repurchase Price | EUR 16.11 | ||||||
| Start Date | March 1, 2024 | ||||||
| Percentage of program completed as of March 19, 2025 | |||||||
| Overview of details of last 5 trading days: | |||||||
| Trade Date | Quantity Repurchased | Average Purchase Price | Settlement Amount | ||||
| March 13, 2025 | 22,459 | EUR 19.96 | EUR 448,282 | ||||
| March 14, 2025 | 22,400 | EUR 20.05 | EUR 449,073 | ||||
| March 17, 2025 | 26,204 | EUR 20.04 | EUR 525,243 | ||||
| March 18, 2025 | 22,487 | EUR 20.06 | EUR 451,096 | ||||
| March 19, 2025 | 23,064 | EUR 20.34 | EUR 469,136 | ||||
| Total | 116,614 | EUR 20.09 | EUR 2,342,830 | ||||
1All shares purchased via Euronext Amsterdam, CBOE DXE and or Turquoise
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 repurchase program, as announced by the Company on February 29, 2024 and August 8, 2024, details of which are available on its website.
Corporate Profile
SBM Offshore is the world’s deepwater ocean-infrastructure expert. Through the design, construction, installation, and operation of offshore floating facilities, we play a pivotal role in a just transition. By advancing our core, we deliver cleaner, more efficient energy production. By pioneering more, we unlock new markets within the blue economy.
More than 7,800 SBMers collaborate worldwide to deliver innovative solutions as a responsible partner towards a sustainable future, balancing ocean protection with progress.
For further information, please visit our website at www.sbmoffshore.com.
| Financial Calendar | Date | Year | |
| Annual General Meeting | April 9 | 2025 | |
| First Quarter 2025 Trading Update | May 15 | 2025 | |
| Half Year 2025 Earnings | August 7 | 2025 | |
| Third Quarter 2025 Trading Update | November 13 | 2025 | |
| Full Year 2025 Earnings | February 26 | 2026 |
For further information, please contact:
Investor Relations
Wouter Holties
Corporate Finance & Investor Relations Manager
| Mobile: | +31 (0) 2 02 36 32 36 |
| E-mail: | wouter.holties@sbmoffshore.com |
| Website: | www.sbmoffshore.com |
Media Relations
Giampaolo Arghittu
Head of External Relations
| Phone: | +31 (0) 6 212 62 333 / +39 33 494 79 584 |
| E-mail: | giampaolo.arghittu@sbmoffshore.com |
| Website: | 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 ‘Impact, Risk and Opportunity 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.
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 https://www.sbmoffshore.com/investors/financial-disclosures.
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 “F4W®” are proprietary marks owned by SBM Offshore.
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FAQ
What is the total value of SBM Offshore's (SBFFF) current share buyback program?
When did SBFFF announce its share repurchase program and its expansion?
What are the main objectives of SBFFF's share repurchase program?
Through which trading platforms is SBFFF conducting its share buybacks?
