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     197  0 Kommentare Weekly share repurchase program transaction details

    May 22, 2024

    SBM Offshore reports the transaction details related to its EUR65 million (c. US$70 million) share repurchase program for the period May 16, 2024 through May 22, 2024.

    The repurchases were made under the EUR65 million share repurchase program announced on February 29, 2024 and effective from March 1, 2024. The objective of the program is to reduce share capital. Information regarding the progress of the share repurchase program and the aggregate of the transactions (calculated on a daily basis) for the period March 1, 2024 through May 22, 2024 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    
           
    Overall progress Share Repurchase Program:    
             
    Total Repurchase Amount   EUR 65,000,000  
    Cumulative Repurchase Amount   EUR 19,956,769  
    Cumulative Quantity Repurchased   1,409,482  
    Cumulative Average Repurchase Price   EUR 14.16  
    Start Date     March 1, 2024  
    Percentage of program completed as of May 22, 2024 30.70%  
             
    Overview of details of last 5 trading days:    
             
    Trade Date Quantity Repurchased Average Purchase Price Settlement Amount  
    May 16, 2024  33,517 EUR 13.92 EUR 466,599  
    May 17, 2024  28,800 EUR 13.89 EUR 400,164  
    May 20, 2024  42,968 EUR 13.90 EUR 597,364  
    May 21, 2024  20,705 EUR 14.02 EUR 290,346  
    May 22, 2024  31,904 EUR 14.00 EUR 446,622  
    Total 157,894 EUR 13.94 EUR 2,201,095  

    1All shares purchased via Euronext Amsterdam, CBOE DXE and or Turquoise

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    Weekly share repurchase program transaction details May 22, 2024 SBM Offshore reports the transaction details related to its EUR65 million (c. US$70 million) share repurchase program for the period May 16, 2024 through May 22, 2024. The repurchases were made under the EUR65 million share repurchase …