Weekly share repurchase program transaction details
29 September 2021 - 07:51PM
Weekly share repurchase program transaction details
September 29, 2021
SBM Offshore reports the transaction details
related to its EUR150 million (c. US$180 million) share repurchase
program for the period September 23, 2021 through September 29,
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 29, 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.
Share Repurchase Program |
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Overall progress Share Repurchase Program: |
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Total Repurchase Amount |
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EUR 150,000,000 |
Cumulative Repurchase Amount |
|
EUR 124,677,838 |
Cumulative Quantity Repurchased |
|
8,304,000 |
Cumulative Average Repurchase Price |
|
EUR 15.01 |
Start
Date |
|
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August 5, 2021 |
Percentage of program completed as at September 29, 2021 |
83.12% |
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Overview of details of last 5 trading days: |
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Trade Date |
Quantity Repurchased |
Average Purchase Price |
Settlement Amount |
September 23,
2021 |
178,000 |
EUR 15.16 |
EUR 2,697,957 |
September 24,
2021 |
240,000 |
EUR 15.11 |
EUR 3,625,732 |
September 27,
2021 |
182,000 |
EUR 15.10 |
EUR 2,747,587 |
September 28,
2021 |
260,000 |
EUR 15.07 |
EUR 3,918,950 |
September 29, 2021 |
184,000 |
EUR 15.10 |
EUR 2,779,105 |
Total1 |
1,044,000 |
EUR 15.10 |
EUR 15,769,330 |
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1All
shares purchased on Euronext Amsterdam and CBOE DXE |
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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.
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,
September 29, 2021
Financial Calendar |
Date |
Year |
Trading Update 3Q 2021 – Press Release |
November 11 |
2021 |
Full Year 2021 Earnings – Press Release |
February 10 |
2022 |
Annual General Meeting |
April 6 |
2022 |
Trading Update 1Q 2022 – Press Release |
May 12 |
2022 |
Half Year 2022 Earnings – Press Release |
August 4 |
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.
- Press Release Week 38&39 - September 23 to September 29,
2021
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