(MENAFN- GlobeNewsWire - Nasdaq) September 15, 2021
SBM Offshore reports the transaction details related to its EUR150 million (c. US$180 million) share repurchase program for the period September 9, 2021 through September 15, 2021.
The repurchases were made under the EUR150 million share repurchase program announced on and effective from August 5, 2021. 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 August 5, 2021 through September 15, 2021 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.
Overall progress Share Repurchase Program: Total Repurchase Amount EUR 150,000,000Cumulative Repurchase Amount EUR 93,669,407Cumulative Quantity Repurchased 6,256,000Cumulative Average Repurchase Price EUR 14.97Start Date August 5, 2021Percentage of program completed as at September 15, 202162.45% Overview of details of last 5 trading days: Trade Date Quantity Repurchased Average Purchase Price Settlement Amount September 9, 2021242,000EUR 15.64EUR 3,783,972September 10, 2021209,000EUR 15.59EUR 3,257,307September 13, 2021235,000EUR 15.61EUR 3,669,333September 14, 2021230,000EUR 15.64EUR 3,596,290September 15, 2021233,000EUR 15.54EUR 3,620,101 Total 1 1,149,000 EUR 15.60 EUR 17,927,001 1All shares purchased on Euronext Amsterdam and CBOE DXE
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 August 5, 2021, details of which are available on its website.
C orporate Profile
The Company's main activities are the design, supply, installation, operation and the life extension of floating production solutions for the offshore energy industry over the full lifecycle. The Company is market leading in leased floating production systems, with multiple units currently in operation.
As of December 31, 2020, the Company employs approximately 4,570 people worldwide spread over offices in our key markets, operational shore bases and the offshore fleet of vessels.
SBM Offshore N.V. is a listed holding company headquartered in Amsterdam, the Netherlands. It holds direct and indirect interests in other companies.
Where references are made to SBM Offshore N.V. and /or its subsidiaries in general, or where no useful purpose is served by identifying the particular company or companies“SBM Offshore” or“the Company” are sometimes used for convenience.
For further information, please visit our website at
The Management Board
Amsterdam, the Netherlands, September 15, 2021
Financial Calendar Date Year Trading Update 3Q 2021 – Press ReleaseNovember 112021Full Year 2021 Earnings – Press ReleaseFebruary 102022Annual General MeetingApril 62022Trading Update 1Q 2022 – Press ReleaseMay 122022Half Year 2022 Earnings – Press ReleaseAugust 42022
For further information, please contact:
Investor Relations
Bert-Jaap Dijkstra
Group Treasurer and IR
Mobile:+31 (0) 6 21 14 10 17E-mail:ebsite:
Media Relations
Vincent Kempkes
Group Communications Director
Mobile:+377 (0) 6 40 62 87 35E-mail:ebsite:
Disclaimer
This press release contains inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation. 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. Such forward-looking statements are subject to various risks and uncertainties, which may cause actual results and performance of the Company's business to differ materially and adversely from the forward-looking statements. Certain such forward-looking statements can be identified by the use of forward-looking terminology such as“believes”,“may”,“will”,“should”,“would be”,“expects” or“anticipates” or similar expressions, or the negative thereof, or other variations thereof, or comparable terminology, or by discussions of strategy, plans, or intentions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in this release as anticipated, believed, or expected. SBM Offshore NV 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 subsequent events or circumstances. Nothing in this press release shall be deemed an offer to sell, or a solicitation of an offer to buy, any securities.
Attachment
- Press Release Week 36 & 37 - September 9 to September 15, 2021
Attachments Press Release Week 36 & 37 - September 9 to September 15, 2021...
MENAFN15092021004107003653ID1102803278
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