Weekly share repurchase program transaction details
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|
|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.