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2021-09-08

Weekly share repurchase program transaction details

September 8, 2021

SBM Offshore reports the transaction details related to its EUR150 million (c. US$180 million) share repurchase program for the period September 2, 2021 through September 8, 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 8, 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 Investor Relations Centre of the Company’s website.

Share Repurchase Program  
    
Overall progress Share Repurchase Program: 
    
Total Repurchase Amount EUR 150,000,000
Cumulative Repurchase Amount EUR 75,742,405
Cumulative Quantity Repurchased 5,107,000
Cumulative Average Repurchase Price EUR 14.83
Start Date  August 5, 2021
Percentage of program completed as at September 8, 202150.49%
    
Overview of details of last 5 trading days: 
    
Trade DateQuantity RepurchasedAverage Purchase PriceSettlement Amount
September 2, 2021266,000EUR 15.50EUR 4,122,744
September 3, 2021250,000EUR 15.66EUR 3,915,112
September 6, 2021245,000EUR 15.71EUR 3,848,516
September 7, 2021239,000EUR 15.76EUR 3,767,797
September 8, 2021247,000EUR 15.74EUR 3,887,631
Total11,247,000EUR 15.67EUR 19,541,801
    
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.


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 Board
Amsterdam, the Netherlands, September 8, 2021

Financial Calendar DateYear
Trading Update 3Q 2021 – Press ReleaseNovember 112021
Full Year 2021 Earnings – Press ReleaseFebruary 10
Författare GlobeNewswire

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