- SBM Offshore (SBFFF, Financial) has completed 4.39% of its EUR 141 million share repurchase program.
- Between May 1-7, 2025, the company repurchased 142,797 shares at an average price of EUR 18.55.
- The program aims to reduce share capital and provide shares for employee programs.
SBM Offshore (SBFFF) recently announced the transaction details of its ongoing share repurchase program, valued at EUR 141 million (approximately US$150 million), for the period from May 1 to May 7, 2025. The program, initiated on April 24, 2025, is intended to reduce the company's share capital and supply shares for management and employee share programs.
During the latest reporting week, SBM Offshore successfully repurchased 142,797 shares at an average price of EUR 18.55, amounting to EUR 2.65 million. These purchases bring the total repurchased under the program to 339,797 shares, with a cumulative expenditure of EUR 6.2 million at an average price of EUR 18.25 per share. This represents 4.39% of the total program completed.
All share acquisitions were executed through the Euronext Amsterdam, CBOE DXE, and Turquoise exchanges. The progressive update on the repurchase activities highlights SBM Offshore's ongoing commitment to shareholder returns and employee share support.
