WEEKLY SHARE REPURCHASE PROGRAM TRANSACTION DETAILS
October 24 2016 - 1:04AM
SBM Offshore reports the transaction details related to the
repurchase of its common shares made for the period October 17,
2016 through October 21, 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 21, 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 24,
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 Bert-Jaap Dijkstra Director of
Investor Relations
Mobile: |
+31 (0)
6 2114 1017 |
E-mail: |
bertjaap.dijkstra@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/2050710/767128.pdf
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