Completion 2020 Share Repurchase

Nachrichtenquelle: globenewswire
03.04.2020, 20:30  |  144   |   |   

April 3, 2020

SBM Offshore reports that it has completed its EUR150 million 2020 share repurchase program.

Between February 13, 2020 and April 3, 2020 a total of 12,094,623 common shares were repurchased, at an average price of EUR12.40 per share. Further detailed information regarding all individual transactions can be accessed via the Investor Relations Center of the Company’s website.

The repurchases were made under the EUR150 million share repurchase program announced on and effective from February 13, 2020. The objective of the program was to reduce share capital and, in addition, to provide shares for regular management and employee share programs. Information regarding the aggregate of the transactions (calculated on a daily basis) for the period in which the program was executed can be found in the top half of the table below.

Final Period Share Repurchase Program Transaction Details

SBM Offshore reports the transaction details related to its EUR150 million (c. US$165 million) share repurchase program for the period April 2, 2020 through April 3, 2020 in the bottom half of the table below.

Share Repurchase Program    
Overall progress Share Repurchase Program:  
Total Repurchase Amount   EUR 150,000,000
Cumulative Repurchase Amount   EUR 149,999,999
Cumulative Quantity Repurchased   12,094,623
Cumulative Average Repurchase Price   EUR 12.40
Start Date     February 13, 2020
End Date     April 3, 2020
Percentage of program completed as at April 3, 2020 100.00%
Overview of details of last 2 trading days:    
Trade Date Quantity Repurchased Average Purchase Price Settlement Amount
April 2, 2020 443,681 EUR 12.76 EUR 5,659,959
April 3, 2020 403,217 EUR 13.04 EUR 5,258,766
Total1 846,898 EUR 12.89 EUR 10,918,725
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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