Weekly share repurchase program transaction details
May 22, 2024
SBM Offshore reports the transaction details related to its EUR65 million (c. US$70 million) share repurchase program for the period May 16, 2024 through May 22, 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 May 22, 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 19,956,769 | ||||||
Cumulative Quantity Repurchased | 1,409,482 | ||||||
Cumulative Average Repurchase Price | EUR 14.16 | ||||||
Start Date | March 1, 2024 | ||||||
Percentage of program completed as of May 22, 2024 | 30.70% | ||||||
Overview of details of last 5 trading days: | |||||||
Trade Date | Quantity Repurchased | Average Purchase Price | Settlement Amount | ||||
May 16, 2024 | 33,517 | EUR 13.92 | EUR 466,599 | ||||
May 17, 2024 | 28,800 | EUR 13.89 | EUR 400,164 | ||||
May 20, 2024 | 42,968 | EUR 13.90 | EUR 597,364 | ||||
May 21, 2024 | 20,705 | EUR 14.02 | EUR 290,346 | ||||
May 22, 2024 | 31,904 | EUR 14.00 | EUR 446,622 | ||||
Total | 157,894 | EUR 13.94 | EUR 2,201,095 |
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1All shares purchased via Euronext Amsterdam, CBOE DXE and or Turquoise