WEEKLY SHARE REPURCHASE PROGRAM TRANSACTION DETAILS
October 10 2016 - 1:07AM
SBM Offshore reports the transaction details related to the
repurchase of its common shares made for the period October 3, 2016
through October 7, 2016.
The repurchases were made under the EUR 150
million share repurchase program for share capital reduction
purposes and, to a lesser extent, for employee share programs.
Information regarding the progress of the share repurchase
program and the aggregate of the transactions (calculated on a
daily basis) for the period August 11, 2016 through October 7, 2016
can be found in the below table. Further detailed information
regarding both the progress of the share repurchase program and all
individual transactions can be accessed via the investor relations
center of the Company's website.
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 10, 2016,
details of which are available on its website.
Corporate Profile
SBM Offshore N.V. is a listed holding company
that is headquartered in Amsterdam. It holds direct and
indirect interests in other companies that collectively with SBM
Offshore N.V. form the SBM Offshore group ("the Company").
SBM Offshore provides floating production
solutions to the offshore energy industry, over the full product
life-cycle. The Company is market leading in leased floating
production systems with multiple units currently in operation and
has unrivalled operational experience in this field. The
Company's main activities are the design, supply, installation,
operation and the life extension of Floating Production, Storage
and Offloading (FPSO) vessels. These are either owned and
operated by SBM Offshore and leased to its clients or supplied on a
turnkey sale basis.
As of December 31, 2015, Group companies
employed approximately 7,000 people worldwide. Full time
company employees (4,900) are spread over five regional centers,
eleven operational shore bases and the offshore fleet of
vessels. A further 2,100 are working for the joint ventures
with several construction yards. Please visit our website at
www.sbmoffshore.com.
The companies in which SBM Offshore N.V.
directly and indirectly owns investments are separate
entities. In this communication "SBM Offshore" is sometimes
used for convenience where references are made to SBM Offshore N.V.
and its subsidiaries in general, or where no useful purpose is
served by identifying the particular company or companies.
The Management Board Amsterdam, The Netherlands, October 10,
2016
Financial Calendar |
Date |
Year |
Trading Update 3Q 2016 - Press Release |
November 9 |
2016 |
Extraordinary General Meeting of Shareholders |
November 30 |
2016 |
Full-Year 2016 Earnings - Press Release |
February 8 |
2017 |
Annual General Meeting of Shareholders |
April 13 |
2017 |
Trading Update 1Q 2017 - Press Release |
May 10 |
2017 |
Half-Year 2017 Earnings - Press Release |
August 8 |
2017 |
For further information, please contact:
Investor Relations Nicolas D. Robert Head of Investor
Relations
Telephone: |
+31 (0)
20 2363 126 |
Mobile: |
+31 (0)
6 5461 2410 |
E-mail: |
nicolas.robert@sbmoffshore.com |
Website: |
www.sbmoffshore.com |
Media Relations Vincent Kempkes Head of
Communications
Telephone: |
+31 (0)
20 2363 170 |
Mobile: |
+31 (0)
6 25 68 71 67 |
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.
WEEKLY SHARE REPURCHASE PROGRAM TRANSACTION DETAILS
http://hugin.info/130754/R/2047704/765476.pdf
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