- SBM Offshore has completed 13.46% of its EUR141 million share repurchase program.
- A total of 1,003,324 shares have been repurchased at an average price of EUR 18.94, totaling EUR 19 million.
- The share repurchase program aims to reduce share capital and support employee share programs.
SBM Offshore has reported updated figures for its ongoing share repurchase program, initially announced on February 20, 2025, and effective since April 24, 2025. The company, with its focus on reducing share capital and bolstering its employee share programs, has made significant progress by repurchasing 1,003,324 shares. This activity represents 13.46% completion of the EUR141 million initiative, equating to a cumulative expenditure of EUR 19 million.
Over the last five trading days, from May 29 to June 4, 2025, SBM Offshore purchased 125,110 shares at an elevated average price of EUR 20.68, culminating in a spending of EUR 2.59 million. These transactions were executed through Euronext Amsterdam, CBOE DXE, and Turquoise, showing an increase in the average purchase price compared to the cumulative average.
The buyback program not only underscores SBM Offshore's commitment to returning value to shareholders but also demonstrates its strategic emphasis on good corporate governance practices. Meanwhile, the increasing average purchase price signifies a potential rise in the costs associated with the program.
For more comprehensive insights into SBM Offshore's share repurchase strategy and other corporate activities, stakeholders are encouraged to visit the Investors section of the company's website. The company remains a pivotal player in the deepwater ocean-infrastructure sector, continuously aiming to advance energy production efficiency and environmental responsibility.
