- SBM Offshore (SBFFF, Financial) has completed 27.08% of its EUR 141 million share repurchase program as of July 16, 2025.
- 1,853,355 shares have been repurchased at an average price of EUR 20.63.
- During the week of July 10-16, 2025, the company repurchased 142,928 shares at an average price of EUR 23.10, totaling EUR 3.3 million.
SBM Offshore (SBFFF) has issued a progress update on its ongoing EUR 141 million (approximately USD 150 million) share repurchase program. As of July 16, 2025, 27.08% of the program has been realized, with 1,853,355 shares bought back at an average price of EUR 20.63 each. The program, launched on April 24, 2025, aims at reducing the company's share capital and providing shares for management and employee share programs.
In the most recent trading week from July 10 to July 16, 2025, SBM Offshore purchased 142,928 shares. These were acquired at an average price of EUR 23.10, amounting to a total expenditure of EUR 3.3 million. This average price is noted to be 12% higher than the cumulative average cost of EUR 20.63 for shares repurchased so far.
The share repurchase program, which was initially unveiled on February 20, 2025, remains active with no definitive completion date announced. With the current rate of progress, SBM Offshore continues to pursue its objectives to streamline equity capital while accommodating share distribution plans for its stakeholders.
