COMPLETION OF SHARE REPURCHASE PROGRAM
December 20 2016 - 11:48AM
December 20, 2016
SBM Offshore reports that its EUR150 million
share repurchase program announced on August 10, 2016 is
completed.
Between August 11, 2016 and December 20, 2016 a
total of 11,442,179 common shares were repurchased, at an
average price of EUR 13.11 per share. Further detailed
information regarding all individual transactions can be accessed
via the investor relations section of the Company's website.
Final Period Share Repurchase Program Transaction
Details
The Company reports the transaction details
related to the repurchase of its common shares made for the period
December 19, 2016 through December 20, 2016 in the below table.
This press release contains information which is
to be made publicly available under the Market Abuse Regulation
(nr. 596/2014). The information concerns the final update of the
transactions conducted under SBM Offshore's share repurchase
program, as announced by the Company on August 10, 2016, details of
which are available on its website.
Corporate Profile
SBM Offshore N.V. is a listed holding company
that is headquartered in Amsterdam. It holds direct and indirect
interests in other companies that collectively with SBM Offshore
N.V. form the SBM Offshore group ("the Company").
SBM Offshore provides floating production
solutions to the offshore energy industry, over the full product
life-cycle. The Company is market leading in leased floating
production systems with multiple units currently in operation and
has unrivalled operational experience in this field. The
Company's main activities are the design, supply, installation,
operation and the life extension of Floating Production, Storage
and Offloading (FPSO) vessels. These are either owned and
operated by SBM Offshore and leased to its clients or supplied on a
turnkey sale basis.
As of December 31, 2015, Group companies
employed approximately 7,000 people worldwide. Full time
company employees (4,900) are spread over five regional centers,
eleven operational shore bases and the offshore fleet of
vessels. A further 2,100 are working for the joint ventures
with several construction yards. Please visit our website at
www.sbmoffshore.com.
The companies in which SBM Offshore N.V.
directly and indirectly owns investments are separate
entities. In this communication "SBM Offshore" is sometimes
used for convenience where references are made to SBM Offshore N.V.
and its subsidiaries in general, or where no useful purpose is
served by identifying the particular company or companies.
The Management BoardAmsterdam, The Netherlands, December 20,
2016
Financial Calendar |
Date |
Year |
Full-Year 2016 Earnings - Press Release |
February 8 |
2017 |
Annual General Meeting of Shareholders |
April 13 |
2017 |
Trading Update 1Q 2017 - Press Release |
May 10 |
2017 |
Half-Year 2017 Earnings - Press Release |
August 8 |
2017 |
Trading Update 3Q 2017 - Press Release |
November 7 |
2017 |
For further information, please contact:
Investor RelationsBert-Jaap DijkstraInvestor Relations
Director
Telephone: |
+31 (0)
20 2363 170 |
Mobile
NL: |
+31 (0)
6 2114 1017 |
Mobile
MC: |
+33 (0)
6 4391 9302 |
E-mail: |
bertjaap.dijkstra@sbmoffshore.com |
Website: |
www.sbmoffshore.com |
|
|
Media Relations Vincent KempkesHead of
Communications
Telephone: |
+31 (0)
20 2363 170 |
Mobile: |
+31 (0)
6 25 68 71 67 |
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.
Attachments:
http://www.globenewswire.com/NewsRoom/AttachmentNg/acc8551d-a3c4-4992-a9f1-9bee30fc9bc5
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