Weekly share repurchase program transaction details
May 15, 2024
SBM Offshore reports the transaction details related to its EUR65 million (c. US$70 million) share repurchase program for the period May 9, 2024 through May 15, 2024.
The repurchases were made under the EUR65 million share repurchase program announced on February 29, 2024 and effective from March 1, 2024. The objective of the program is to reduce share capital. Information regarding the progress of the share repurchase program and the aggregate of the transactions (calculated on a daily basis) for the period March 1, 2024 through May 15, 2024 can be found in the top half of the table below. Further detailed information regarding both the progress of the share repurchase program and all individual transactions can be accessed via the Investors section of the Company’s website.
Share Repurchase Program | |||||||
Overall progress Share Repurchase Program: | |||||||
Total Repurchase Amount | EUR 65,000,000 | ||||||
Cumulative Repurchase Amount | EUR 17,755,674 | ||||||
Cumulative Quantity Repurchased | 1,251,588 | ||||||
Cumulative Average Repurchase Price | EUR 14.19 | ||||||
Start Date | March 1, 2024 | ||||||
Percentage of program completed as of May 15, 2024 | 27.32% | ||||||
Overview of details of last 5 trading days: | |||||||
Trade Date | Quantity Repurchased | Average Purchase Price | Settlement Amount | ||||
May 9, 2024 | 27,500 | EUR 14.15 | EUR 389,188 | ||||
May 10, 2024 | 42,500 | EUR 14.11 | EUR 599,622 | ||||
May 13, 2024 | 43,156 | EUR 13.88 | EUR 598,924 | ||||
May 14, 2024 | 36,051 | EUR 13.99 | EUR 504,483 | ||||
May 15, 2024 | 42,943 | EUR 13.95 | EUR 598,888 | ||||
Total | 192,150 | EUR 14.01 | EUR 2,691,105 | ||||
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1All shares purchased via Euronext Amsterdam, CBOE DXE and or Turquoise