Weekly share repurchase program transaction details

Nachrichtenquelle: globenewswire
11.03.2020, 19:32  |  128   |   |   

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.

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