Weekly share repurchase program transaction details
March 11 2020 - 2:32PM
March 11, 2020
SBM Offshore reports the transaction details
related to its EUR150 million (c. US$165 million) share repurchase
program for the period March 5, 2020 through March 11, 2020.
The repurchases were made under the EUR150
million share repurchase program announced on and effective from
February 13, 2020. 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 February 13, 2020
through March 11, 2020 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 Investor Relations Center of the Company’s
website.
Share Repurchase Program |
|
|
|
|
|
|
Overall progress Share Repurchase Program: |
|
|
|
|
|
Total Repurchase Amount |
|
EUR 150,000,000 |
Cumulative Repurchase Amount |
|
EUR 62,754,874 |
Cumulative Quantity Repurchased |
|
4,465,084 |
Cumulative Average Repurchase Price |
|
EUR 14.05 |
Start
Date |
|
|
February 13, 2020 |
End Date |
|
|
2020 |
Percentage of program completed as at March 11, 2020 |
41.84% |
|
|
|
|
Overview of details of last 5 trading days: |
|
|
|
|
|
Trade Date |
Quantity Repurchased |
Average Purchase Price |
Settlement Amount |
March 5, 2020 |
212,000 |
EUR
14.69 |
EUR
3,114,795 |
March 6, 2020 |
397,000 |
EUR
13.84 |
EUR
5,495,997 |
March 9, 2020 |
414,000 |
EUR
11.65 |
EUR
4,822,146 |
March 10, 2020 |
454,000 |
EUR
11.55 |
EUR
5,243,846 |
March 11, 2020 |
487,000 |
EUR 11.36 |
EUR 5,534,697 |
Total1 |
1,964,000 |
EUR 12.33 |
EUR 24,211,481 |
|
|
|
|
1All shares purchased on Euronext Amsterdam |
|
|
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 13,
2020, 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, 2019, the Company employs
approximately 4,450 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,
March 11, 2020
Financial Calendar |
Date |
Year |
Annual General Meeting of Shareholders |
April 8 |
2020 |
Trading Update 1Q 2020 – Press Release |
May 14 |
2020 |
Half Year 2020 Earnings – Press Release |
August 6 |
2020 |
Trading Update 3Q 2020 – Press Release |
November 12 |
2020 |
Full Year 2020 Earnings – Press Release |
February 11 |
2021 |
For further information, please contact:
Investor RelationsBert-Jaap
DijkstraGroup Treasurer and IR
Telephone: |
+31 (0) 20 236 3222 |
Mobile: |
+31 (0) 6 21 14 10 17 |
E-mail: |
bertjaap.dijkstra@sbmoffshore.com |
Website: |
www.sbmoffshore.com |
Media RelationsVincent
KempkesGroup Communications Director
Telephone: |
+31 (0) 20 236 3170 |
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.
- Weekly-Press-Release-11.03.20
SBM Offshore NV (EU:SBMO)
Historical Stock Chart
From Mar 2024 to Apr 2024
SBM Offshore NV (EU:SBMO)
Historical Stock Chart
From Apr 2023 to Apr 2024