- SBM Offshore repurchased 176,316 shares between May 8-14, 2025, at an average price of EUR 18.89.
- The cumulative repurchase amount is EUR 9.53 million, involving 516,113 shares at an average price of EUR 18.47.
- 6.75% of SBM Offshore's EUR 141 million share repurchase program has been completed as of May 14, 2025.
SBM Offshore (SBFFF, Financial) has released the latest updates on its ongoing EUR 141 million (approximately US$150 million) share repurchase program, covering the period from May 8, 2025, to May 14, 2025. The program, effective since April 24, 2025, aims to reduce share capital and provide shares for management and employee plans.
During the past week, SBM Offshore has repurchased 176,316 shares, spending a total of EUR 3.33 million. The average price per share for these transactions was EUR 18.89, all executed via Euronext Amsterdam, CBOE DXE, and Turquoise.
Since the program's inception, the company has cumulatively acquired 516,113 shares, bringing the total repurchase amount to EUR 9.53 million at a cumulative average price of EUR 18.47. As of now, 6.75% of the buyback initiative has been successfully completed.
The share repurchase program, announced on February 20, 2025, reflects SBM Offshore's commitment to optimizing its capital structure while supporting its employee share programs. Additional details regarding the transactions are available on the company’s official website.
