SBM Offshore disclosed the transaction details of its share repurchase program amounting to EUR141 million, approximately US$150 million, conducted from May 1, 2025, to May 7, 2025. The repurchases were part of a program initiated on February 20, 2025, and aimed to reduce share capital while providing shares for management and employee programs. The company’s website offers comprehensive data on the program’s progress and individual transactions.
The share repurchase program showed an overall progress with a total repurchase amount of EUR 141,189,019. By May 7, 2025, 4.39% of the program was completed, with a cumulative repurchase amount of EUR 6,202,331 and 339,797 shares repurchased at an average price of EUR 18.25. The transactions from May 1 to May 7, 2025, totaling 142,797 shares, were executed on Euronext Amsterdam, CBOE DXE, and Turquoise.
SBM Offshore, a leading deepwater ocean-infrastructure expert, focuses on offshore floating facility design, construction, and operation to enhance energy production efficiency and explore new opportunities in the blue economy. With over 7,800 employees globally, the company strives to deliver innovative solutions for a sustainable future.
Investors can anticipate key financial events from SBM Offshore through its financial calendar, which includes updates on trading performance, earnings reports, and the annual general meeting. The company’s commitment to transparency and communication is evident through its investor relations contacts and media relations channels.
The press release emphasized the importance of complying with Market Abuse Regulations and provided a disclaimer on forward-looking statements. SBM Offshore outlined potential risks and uncertainties that could impact its operations, urging caution and vigilance in interpreting future expectations. The release also highlighted alternative performance measures and proprietary marks owned by the company.
SBM Offshore’s dedication to sustainability and technological advancement positions it as a key player in the energy sector. The company’s strategic initiatives and financial performance underscore its commitment to driving innovation and fostering a responsible approach to ocean protection and energy production.
As SBM Offshore continues to navigate market dynamics and regulatory requirements, its focus on operational excellence and stakeholder engagement remains paramount. The company’s proactive stance on risk management and opportunity exploration reflects its resilience and adaptability in an evolving business landscape.