Weekly share repurchase program transaction details

Nachrichtenquelle: globenewswire
18.03.2020, 19:18  |  128   |   |   

March 18, 2020

SBM Offshore reports the transaction details related to its EUR150 million (c. US$165 million) share repurchase program for the period March 12, 2020 through March 18, 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 18, 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 88,876,068
Cumulative Quantity Repurchased   6,859,921
Cumulative Average Repurchase Price   EUR 12.96
Start Date     February 13, 2020
End Date     2020
Percentage of program completed as at March 18, 2020 59.25%
       
Overview of details of last 5 trading days:  
       
Trade Date Quantity Repurchased Average Purchase Price Settlement Amount
March 12, 2020 493,838 EUR 10.65 EUR 5,257,421
March 13, 2020 499,000 EUR 11.45 EUR 5,715,570
March 16, 2020 412,273 EUR 10.43 EUR 4,300,730
March 17, 2020 444,293 EUR 10.91 EUR 4,848,268
March 18, 2020 545,433 EUR 11.00 EUR 5,999,205
Total1 2,394,837 EUR 10.91 EUR 26,121,194
       
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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