- SBM Offshore (OTC:SBFFF) has completed 24.74% of its EUR141 million share repurchase program as of July 9, 2025.
- The company repurchased 140,547 shares at an average price of EUR23.00 during July 3-9, 2025.
- The cumulative amount spent on buybacks is EUR34.93 million, with shares bought through Euronext Amsterdam, CBOE DXE, and Turquoise exchanges.
SBM Offshore (OTC:SBFFF) has announced an update on its active share repurchase program, valued at EUR141 million (approximately US$150 million). Between July 3 and July 9, 2025, the company repurchased 140,547 shares at an average price of EUR23.00, totaling EUR3.23 million. This period's activity contributes to the program's total completion of 24.74%, demonstrating steady progress since the initiative began on April 24, 2025.
The main objectives of SBM Offshore's share repurchase initiative are to decrease share capital and allocate shares for management and employee share programs. As of July 9, 2025, the cumulative repurchase amount has reached EUR34.93 million. The shares were acquired across multiple platforms including Euronext Amsterdam, CBOE DXE, and Turquoise.
This strategic move by SBM Offshore is in line with its goals to manage capital effectively while supporting its ongoing employee ownership schemes. The company continues to provide updates on its repurchase activities, with the latest information available on the Investors section of its official website.
