Weekly share repurchase program transaction details

August 14, 2024

SBM Offshore reports the transaction details related to its EUR130 million (c. US$140 million) share repurchase program for the period August 8, 2024 through August 14, 2024.

The repurchases were made under the EUR65 million share repurchase program announced on February 29, 2024, effective from March 1, 2024 and increased by EUR65 million as announced on August 8, 2024. 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 March 1, 2024 through August 14, 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 130,000,000
Cumulative Repurchase Amount					EUR 38,322,143
Cumulative Quantity Repurchased					2,700,702
Cumulative Average Repurchase Price					EUR 14.19
Start Date					March 1, 2024
Percentage of program completed as of August 14, 2024					29.48%
Overview of details of last 5 trading days:
Trade Date	Quantity Repurchased		Average Purchase Price		Settlement Amount
August 8, 2024	-		-		EUR 0
August 9, 2024	7,255		EUR 15.99		EUR 116,015
August 12, 2024	12,611		EUR 16.35		EUR 206,239
August 13, 2024	17,963		EUR 16.40		EUR 294,584
August 14, 2024	12,278		EUR 16.57		EUR 203,474
Total1	50,107		EUR 16.37		EUR 820,312

¹All shares purchased via Euronext Amsterdam, CBOE DXE and or Turquoise