Share Repurchase Program

On August 10, 2016 SBM Offshore announced a EUR 150 million share repurchase program. The program was initiated on August 11, 2016 and is predominantly for share capital reduction purposes and, to a lesser extent, for employee share programs. The repurchase program is expected to be completed no later than December 30, 2016, and will be accomplished under the authorization granted by the Annual General Meeting of Shareholders of the Company held on April 6, 2016. The execution of the share repurchase program will be performed in compliance with the safe harbor provisions for share repurchases, and therefore transactions may be carried out during closed periods. In accordance with the European Market Abuse Regulation, the Company informs the market on the progress made in the execution of this program through weekly press releases and updates on its website.  The share repurchase program does not obligate the Company to acquire any amount of shares, and it may be suspended at any time at the Company’s discretion.

 

Weekly Share Repurchase Program Transaction Details – Press Release

SBM Offshore reports the transaction details related to the repurchase of its common shares made for the period December 19, 2016 through December 20, 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 December 20, 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 found by clicking on the following link: transaction details.


Share Repurchase Program

Total Repurchase Amount EUR 150,000,000
Cumulative Repurchase Amount EUR 149,999,999
Cumulative Quantity Repurchased 11,442,179
Cumulative Average Repurchase Price EUR 13.11
Start Date August 11, 2016
End Date December 20, 2016
Percentage of program completed as at December 20, 2016 100.00%
Trade Date Quantity Repurchased Average Purchase Price Settlement Amount
December 19, 2016                250,000 EUR 14.60 EUR 3,649,147
December 20, 2016                 14,179 EUR 14.54 EUR 206,132
Total1       264,179 EUR 14.59 EUR 3,855,279
1 All 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 August 10, 2016 details of which are available on our website by clicking here.

Press Release Archive
Press Release Week 51 – December 19 to December 20, 2016
Press Release Week 50 – December 12 to December 16, 2016
Press Release Week 49 – December 5 to December 9, 2016
Press Release Week 48 – November 28 to December 2, 2016
Press Release Week 47 – November 21 to November 25, 2016
Press Release Week 46 – November 14 to November 18, 2016
Press Release Week 45 – November 7 to November 11, 2016
Press Release Week 44 – October 31 to November 4, 2016
Press Release Week 43 – October 24 to October 28, 2016
Press Release Week 42 – October 17 to October 21, 2016
Press Release Week 41 – October 10 to October 14, 2016
Press Release Week 40 – October 3 to October 7, 2016
Press Release Week 39 – September 26 to September 30, 2016
Press Release Week 38 – September 19 to September 23, 2016
Press Release Week 37 – September 12 to September 16, 2016
Press Release Week 36 –September 2 to September 9, 2016
Press Release Week 35 – August 11 to September 2, 2016
Press Release Week 34 – August 22 to August 26, 2016
Press Release Week 33 – August 15 to August 19, 2016
Press Release Week 32 – August 11 to August 12, 2016