Weekly share repurchase program transaction details

September 18, 2024

SBM Offshore reports the transaction details related to its EUR130 million (c. US$140 million) share repurchase program for the period September 12, 2024 through September 18, 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 September 18, 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 53,436,519
Cumulative Quantity Repurchased					3,619,021
Cumulative Average Repurchase Price					EUR 14.77
Start Date					March 1, 2024
Percentage of program completed as of September 18, 2024					41.11%
Overview of details of last 5 trading days:
Trade Date	Quantity Repurchased		Average Purchase Price		Settlement Amount
September 12, 2024	49,892		EUR 16.03		EUR 799,684
September 13, 2024	49,476		EUR 16.16		EUR 799,394
September 16, 2024	49,255		EUR 16.24		EUR 799,719
September 17, 2024	42,679		EUR 16.41		EUR 700,443
September 18, 2024	49,169		EUR 16.26		EUR 799,678
Total	240,471		EUR 16.21		EUR 3,898,918