Conclusion of legacy issue in Switzerland
23 November 2021 - 9:50AM
November 23, 2021
In November 2020, the Company communicated that
three of the Company’s subsidiaries in Switzerland received a
notification from the Bundesanwaltschaft (Public Prosecutor Office)
in Bern. It concerned a suspicion that from 2005 till 2012 these
subsidiaries failed to take all reasonable and necessary
organisational measures to prevent the commission of acts of active
bribery of foreign public officials during said period.
On this matter, the Swiss public prosecutor has
now issued an investigation termination order and a criminal
penalty order against the three Swiss subsidiaries, requiring them
to pay a total amount of 7.0 million CHF (c. USD 7.6 million).
Erik Lagendijk, Chief Governance and Compliance
Officer said: “The fact pattern and compliance shortcomings prior
to 2012 that led to the Swiss penalty are also covered by the
legacy resolutions the Company concluded in the Netherlands (2014),
the United States (2017), and Brazil (2018). The termination of the
investigation and penalty now also close this old issue in
Switzerland on a full and final basis. Today and for many years
now, the Company has been implementing substantial measures to
ensure that it operates with integrity and fully in line with laws,
regulations and with its compliance standards. These measures were
also recognised by the Swiss Public Prosecutor Office.”
Corporate
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 www.sbmoffshore.com.
The Management BoardAmsterdam, the Netherlands,
November 23, 2021
Financial Calendar |
Date |
Year |
Full Year 2021 Earnings |
February 10 |
2022 |
Annual General Meeting |
April 6 |
2022 |
First Quarter 2022 Trading Update |
May 12 |
2022 |
Half Year 2022 Earnings |
August 4 |
2022 |
Third Quarter 2022 Trading Update |
November 10 |
2022 |
For further information, please contact:
Investor RelationsBert-Jaap
DijkstraGroup Treasurer and IR
Mobile: |
+31 (0) 6 21 14 10 17 |
E-mail: |
bertjaap.dijkstra@sbmoffshore.com |
Website: |
www.sbmoffshore.com |
Media RelationsVincent
KempkesGroup Communications Director
Mobile: |
+377 (0) 6 40 62 87 35 |
E-mail: |
vincent.kempkes@sbmoffshore.com |
Website: |
www.sbmoffshore.com |
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.
- Conclusion of legacy issue in Switzerland
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