Weekly share repurchase program transaction details
April 10 2019 - 1:29PM
SBM Offshore reports the transaction details related to its
EUR175 million (c. US$200 million) share repurchase program for the
period April 4, 2019 through April 10, 2019.
The repurchases were made under the EUR175 million share
repurchase program announced on and effective from February 14,
2019. The objective of the program is to reduce share capital and,
in addition, to provide shares for regular management and 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 February 14, 2019
through April 10, 2019 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 Investor Relations Center of the Company's
website.
Share Repurchase Program |
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Overall progress Share Repurchase Program: |
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Total
Repurchase Amount |
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EUR 175,000,000 |
Cumulative
Repurchase Amount |
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EUR 72,953,037 |
Cumulative
Quantity Repurchased |
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4,323,752 |
Cumulative
Average Repurchase Price |
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EUR 16.87 |
Start Date |
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February 14, 2019 |
End Date |
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2019 |
Percentage
of program completed as at April 10, 2019 |
41.69% |
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Overview of details of last 5 trading days: |
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Trade Date |
Quantity Repurchased |
Average Purchase Price |
Settlement Amount |
April 4, 2019 |
230,000 |
EUR 16.64 |
EUR 3,827,603 |
April 5,
2019 |
100,000 |
EUR
16.94 |
EUR 1,693,839 |
April 8, 2019 |
72,500 |
EUR 17.13 |
EUR 1,241,628 |
April 9, 2019 |
110,000 |
EUR 17.10 |
EUR 1,880,732 |
April
10, 2019 |
84,633 |
EUR
17.29 |
EUR 1,463,586 |
Total1 |
597,133 |
EUR 16.93 |
EUR 10,107,388 |
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1All shares
bought on Euronext Amsterdam |
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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.
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 lifecycle. The
Company is market leading in leased floating production systems
delivered to date, 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 solutions for the
offshore energy industry.
As of December 31, 2018, Group companies employ approximately
4,350 people worldwide, including circa 650 contractors, which are
spread over offices in key markets, operational shore bases and the
offshore fleet of vessels. Group Companies employ a further 400
people, working for the joint ventures with two construction yards.
For further information, 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, April 10,
2019
Financial
Calendar |
Date |
Year |
Trading Update 1Q 2019 - Press Release |
May 16 |
2019 |
Half-Year 2019 Earnings - Press Release |
August 8 |
2019 |
Trading Update 3Q 2019 - Press Release |
November 14 |
2019 |
Full-Year 2019 Earnings - Press Release |
February 13 |
2020 |
Annual General Meeting of Shareholders |
April 8 |
2020 |
For further information, please contact:
Investor Relations Bert-Jaap Dijkstra Director
Corporate Finance and IR
Telephone: |
+31 (0) 20 236 3222 |
Mobile: |
+31 (0) 6 21 14 10 17 |
E-mail: |
bertjaap.dijkstra@sbmoffshore.com |
Website: |
www.sbmoffshore.com |
Media Relations Vincent Kempkes Group
Communications Director
Telephone: |
+31 (0) 20 2363 170 |
Mobile: |
+31 (0) 6 25 68 71 67 |
E-mail: |
vincent.kempkes@sbmoffshore.com |
Website: |
www.sbmoffshore.com |
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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.
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