Weekly share repurchase program transaction details

Nachrichtenquelle: globenewswire
25.03.2020, 18:53  |  149   |   |   

March 25, 2020

SBM Offshore reports the transaction details related to its EUR150 million (c. US$165 million) share repurchase program for the period March 19, 2020 through March 25, 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 25, 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 115,226,888
Cumulative Quantity Repurchased   9,224,733
Cumulative Average Repurchase Price   EUR 12.49
Start Date     February 13, 2020
End Date     2020
Percentage of program completed as at March 25, 2020 76.82%
       
Overview of details of last 5 trading days:    
       
Trade Date Quantity Repurchased Average Purchase Price Settlement Amount
March 19, 2020 519,310 EUR 10.89 EUR 5,656,389
March 20, 2020 459,730 EUR 10.94 EUR 5,030,452
March 23, 2020 474,881 EUR 10.50 EUR 4,987,624
March 24, 2020 483,139 EUR 11.56 EUR 5,587,023
March 25, 2020 427,752 EUR 11.90 EUR 5,089,332
Total1 2,364,812 EUR 11.14 EUR 26,350,819
       
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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