Completion 2021 Share Repurchase
11 Outubro 2021 - 2:53PM
Completion 2021 Share Repurchase
October 11, 2021
SBM Offshore reports that it has completed its
EUR150 million 2021 share repurchase program.
Between August 5, 2021 and October 11, 2021 a
total of 9,958,318 common shares were repurchased, at an average
price of EUR15.06 per share. Information regarding the aggregate of
the transactions (calculated on a daily basis) for the period in
which the program was executed can be found in the top half of the
table below. Further detailed information regarding all individual
transactions can be accessed via the Investors section of the
Company’s website.
The repurchases were made under the EUR150
million share repurchase program announced on and effective from
August 5, 2021. The objective of the program was to reduce share
capital and, in addition, to provide shares for regular management
and employee share programs. In line with this objective, SBM
Offshore is planning to cancel 8 million shares which represent c.
80% of the total shares repurchased. The cancellation is expected
to take place before year-end.
Final Period Share Repurchase Program Transaction
Details
SBM Offshore reports the transaction details
related to its EUR150 million (c. US$180 million) share repurchase
program for the period October 7, 2021 through October 11, 2021 in
the bottom half of the table below.
Share Repurchase Program |
|
|
|
|
|
|
Overall progress Share Repurchase Program: |
|
|
|
|
|
Total Repurchase Amount |
|
EUR 150,000,000 |
Cumulative Repurchase Amount |
|
EUR 150,000,006 |
Cumulative Quantity Repurchased |
|
9,958,318 |
Cumulative Average Repurchase Price |
|
EUR 15.06 |
Start
Date |
|
|
August 5, 2021 |
End Date |
|
|
October 11, 2021 |
Percentage of program completed as at October 11, 2021 |
100.00% |
|
|
|
|
Overview of details of last 3
trading days: |
|
|
|
|
|
|
Trade Date |
Quantity Repurchased |
Average Purchase Price |
Settlement Amount |
October 7,
2021 |
190,000 |
EUR 15.19 |
EUR 2,885,737 |
October 8,
2021 |
215,000 |
EUR 15.24 |
EUR 3,277,416 |
October 11,
2021 |
185,318 |
EUR 15.30 |
EUR 2,834,649 |
Total1 |
590,318 |
EUR 15.24 |
EUR 8,997,802 |
|
|
|
|
1All shares purchased on Euronext Amsterdam and CBOE DXE |
This press release contains information which is
to be made publicly available under the Market Abuse Regulation
(nr. 596/2014). The information concerns a regular update of the
transactions conducted under SBM Offshore’s current share
repurchase program, as announced by the Company on August 5, 2021,
details of which are available on its
website.
Corporate Profile
The Company’s main activities are the design,
supply, installation, operation and the life extension of floating
production solutions for the offshore energy industry over the full
lifecycle. The Company is market leading in leased floating
production systems, with multiple units currently in operation.
As of December 31, 2020, the Company employs
approximately 4,570 people worldwide spread over offices in our key
markets, operational shore bases and the offshore fleet of
vessels.
SBM Offshore N.V. is a listed holding company
headquartered in Amsterdam, the Netherlands. It holds direct and
indirect interests in other companies.
Where references are made to SBM Offshore N.V.
and /or its subsidiaries in general, or where no useful purpose is
served by identifying the particular company or companies “SBM
Offshore” or “the Company” are sometimes used for convenience.
For further information, please visit our
website at www.sbmoffshore.com.
The Management BoardAmsterdam, the Netherlands,
October 11, 2021
Financial Calendar |
Date |
Year |
Trading Update 3Q 2021 |
November 11 |
2021 |
Full Year 2021 Earnings |
February 10 |
2022 |
Annual General Meeting |
April 6 |
2022 |
Trading Update 1Q 2022 |
May 12 |
2022 |
Half Year 2022 Earnings |
August 4 |
2022 |
For further information, please contact:
Investor RelationsBert-Jaap
DijkstraGroup Treasurer and IR
Mobile: |
+31 (0) 6 21 14 10 17 |
E-mail: |
bertjaap.dijkstra@sbmoffshore.com |
Website: |
www.sbmoffshore.com |
Media RelationsVincent
KempkesGroup Communications Director
Mobile: |
+377 (0) 6 40 62 87 35 |
E-mail: |
vincent.kempkes@sbmoffshore.com |
Website: |
www.sbmoffshore.com |
Disclaimer
This press release contains inside information
within the meaning of Article 7(1) of the EU Market Abuse
Regulation. Some of the statements contained in this release that
are not historical facts are statements of future expectations and
other forward-looking statements based on management’s current
views and assumptions and involve known and unknown risks and
uncertainties that could cause actual results, performance, or
events to differ materially from those in such statements. Such
forward-looking statements are subject to various risks and
uncertainties, which may cause actual results and performance of
the Company’s business to differ materially and adversely from the
forward-looking statements. Certain such forward-looking statements
can be identified by the use of forward-looking terminology such as
“believes”, “may”, “will”, “should”, “would be”, “expects” or
“anticipates” or similar expressions, or the negative thereof, or
other variations thereof, or comparable terminology, or by
discussions of strategy, plans, or intentions. Should one or more
of these risks or uncertainties materialize, or should underlying
assumptions prove incorrect, actual results may vary materially
from those described in this release as anticipated, believed, or
expected. SBM Offshore NV does not intend, and does not assume any
obligation, to update any industry information or forward-looking
statements set forth in this release to reflect subsequent events
or circumstances. Nothing in this press release shall be deemed an
offer to sell, or a solicitation of an offer to buy, any
securities.
- Completion 2021 Share Repurchase
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