May 20, 2019
SBM Offshore reports that it has completed its EUR175 million share repurchase program.
Between February 14, 2019 and May 20, 2019 a total of 10,422,259 common shares were repurchased, at an average price of EUR16.79 per share. Further detailed information regarding all individual transactions can be accessed via the Investor Relations Center of the Company’s website.
The repurchases were made under the EUR175 million share repurchase program announced on and effective from February 14, 2019. The objective of the program was to reduce share capital and, in addition, to provide shares for regular management and employee share programs. 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.
Final Period Share Repurchase Program Transaction Details
SBM Offshore reports the transaction details related to its EUR175 million (c. US$200 million) share repurchase program for the period May 16, 2019 through May 20, 2019 in the bottom half of the table below
|Share Repurchase Program|
|Overall results Share Repurchase Program:|
|Total Repurchase Amount||EUR 175,000,000|
|Cumulative Repurchase Amount||EUR 175,000,004|
|Cumulative Quantity Repurchased||10,422,259|
|Cumulative Average Repurchase Price||EUR 16.79|
|Start Date||February 14, 2019|
|End Date||May 20, 2019|
|Percentage of program completed as at May 20, 2019||100.00%|
|Overview of details of last 3 trading days:|
|Trade Date||Quantity Repurchased||Average Purchase Price||Settlement Amount|
|May 16, 2019||106,000||EUR 16.97||EUR 1,798,779|
|May 17, 2019||260,000||EUR 16.90||EUR 4,393,905|
|May 20, 2019||321,914||EUR 16.97||EUR 5,461,928|
|Total1||687,914||EUR 16.94||EUR 11,654,613|
|1All shares bought on Euronext Amsterdam|
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 February 14, 2019, details of which are available on its website.