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     125  0 Kommentare Weekly share repurchase program transaction details

    March 4, 2020

    SBM Offshore reports the transaction details related to its EUR150 million (c. US$165 million) share repurchase program for the period February 27, 2020 through March 4, 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 4, 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 38,543,394
    Cumulative Quantity Repurchased   2,501,084
    Cumulative Average Repurchase Price   EUR 15.41
    Start Date     February 13, 2020
    End Date     2020
    Percentage of program completed as at March 4, 2020 25.70%
           
    Overview of details of last 5 trading days:    
           
    Trade Date Quantity Repurchased Average Purchase Price Settlement Amount
    February 27, 2020 212,000 EUR 14.87 EUR 3,151,612
    February 28, 2020 320,000 EUR 14.26 EUR 4,563,505
    March 2, 2020 276,578 EUR 14.26 EUR 3,944,917
    March 3, 2020 286,334 EUR 15.06 EUR 4,312,317
    March 4, 2020 341,932 EUR 15.15 EUR 5,179,008
    Total1 1,436,844 EUR 14.72 EUR 21,151,360
           
    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.

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    Weekly share repurchase program transaction details March 4, 2020 SBM Offshore reports the transaction details related to its EUR150 million (c. US$165 million) share repurchase program for the period February 27, 2020 through March 4, 2020. The repurchases were made under the EUR150 million share …