- SBM Offshore (SBFFF, Financial) has reached 9.53% completion of its EUR 141 million share repurchase program.
- From May 15-21, 2025, the company repurchased 209,010 shares at an average price of EUR 18.78.
- The total amount spent on buybacks this week was EUR 3.92 million.
SBM Offshore (SBFFF) has released the latest details of its ongoing EUR 141 million (approximately US$150 million) share repurchase initiative for the week of May 15-21, 2025. This program, initially announced on February 20, 2025, and effective since April 24, 2025, aims to reduce the company's share capital and allocate shares for employee programs.
As of May 21, 2025, SBM Offshore has completed 9.53% of the program, repurchasing a cumulative total of 725,123 shares at an average price of EUR 18.56, amounting to EUR 13.46 million. During the past week alone, the company purchased 209,010 shares at an average price of EUR 18.78, which resulted in a total settlement of EUR 3.92 million. These transactions were conducted via Euronext Amsterdam, CBOE DXE, and Turquoise.
SBM Offshore's strategy for this share buyback program underscores its commitment to optimizing capital structure and providing value to shareholders. More information on the program's progress is available in the Investors section of SBM Offshore's official website.
