Weekly share repurchase program transaction details
April 3, 2024
SBM Offshore reports the transaction details related to its EUR65 million (c. US$70 million) share repurchase program for the period March 28, 2024 through April 3, 2024.
The repurchases were made under the EUR65 million share repurchase program announced on February 29, 2024 and effective from March 1, 2024. The objective of the program is to reduce share capital. Information regarding the progress of the share repurchase program and the aggregate of the transactions (calculated on a daily basis) for the period March 1, 2024 through April 3, 2024 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 Investors section of the Company’s website.
Share Repurchase Program | |||||||
Overall progress Share Repurchase Program: | |||||||
Total Repurchase Amount | EUR 65,000,000 | ||||||
Cumulative Repurchase Amount | EUR 6,686,365 | ||||||
Cumulative Quantity Repurchased | 474,823 | ||||||
Cumulative Average Repurchase Price | EUR 14.08 | ||||||
Start Date | March 1, 2024 | ||||||
Percentage of program completed as of April 3, 2024 | 10.29% | ||||||
Overview of details of last 5 trading days: | |||||||
Trade Date | Quantity Repurchased | Average Purchase Price | Settlement Amount | ||||
March 28, 2024 | 19,872 | EUR 14.72 | EUR 292,461 | ||||
March 29, 2024 | Stock markets are closed | ||||||
April 1, 2024 | Stock markets are closed | ||||||
April 2, 2024 | 20,655 | EUR 14.79 | EUR 305,414 | ||||
April 3, 2024 | 20,604 | EUR 14.81 | EUR 305,161 | ||||
Total | 61,131 | EUR 14.77 | EUR 903,036 | ||||
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1All shares purchased via Euronext Amsterdam, CBOE DXE and or Turquoise