SBM Offshore

  • Home
  • Login
  • Contact Us

  • Home

    • Who we are
      • Company Profile
      • Company Strategy
      • History
      • Management Board
      • Supervisory Board
      • Executive Committee
      • Our Values
      • Our Ethics
      • Our Promises
      • Our Vision

    • What we do
      • Full Product Lifecycle
      • Our Operations
      • Our Products
      • Our Services
      • Innovation
    • Corporate Social
      Responsibility
      • Corporate Governance
      • Sustainability
      • HSSE
      • Quality & Regulatory
    • Investor Relations
      Centre
      • Press Releases
      • Financial Calendar
      • Financial Information
      • Presentations
      • Webcasts and Conference Calls
      • Regulatory Information
      • Shareholder Information
      • Share Price Details
      • Share Repurchase Program
      • Investor Contact

    • Press Room
      • News
      • Press Releases
      • Logos
      • Images
      • Brochures
      • Conferences and Events

    • Working with us
      • Fraud & Scam Alert
      • Professional Development
      • The Application Process
      • Job Opportunities

    SBM Offshore to challenge AFM fine related to timing of disclosures between 2012 and 2014

    March 29, 2019

    The Dutch Autoriteit Financiële Markten (AFM) has informed the Company that it is of the opinion that certain public disclosures made by the Company in relation to the Company’s internal investigation into alleged improper sales practices prior to 2012 were not made timely.

    The AFM decision relates to the period from March 27, 2012 until the Company announced the settlement with the Dutch Public Prosecutor’s Office on November 12, 2014. The AFM is of the opinion that in four instances the Company violated provisions of the Dutch Financial Supervision Act on disclosing price sensitive information without delay.

    The AFM has decided to impose a fine on the Company of EUR 2 million. The Company disagrees and is of the opinion that it has timely disclosed relevant information as and when facts were established throughout the period in question. It will therefore oppose the decision and initiate a procedure against the decision as provided by law and, if needed, appeal the decision in court.

    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, March 29, 2019

     

    Financial Calendar Date Year
    Annual General Meeting of Shareholders April 10 2019
    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 Full Year Earnings 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: Bert-Jaap Dijkstra
    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
    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.

    previous next
    • Press Releases
      • 2019
      • 2018
      • 2017
      • 2016
      • 2015
      • 2014
      • 2013
      • 2012
      • 2011
      • 2010
      • 2009
      • 2008
      • 2007
      • 2006
      • Unsubscribe
    • Financial Calendar
    • Financial Information
    • Presentations
    • Webcasts and Conference Calls
    • Regulatory Information
    • Shareholder Information
    • Share Price Details
    • Share Repurchase Program
    • Investor Contact
    Print Page

    Search press releases

    © 2019 SBM Offshore. All rights reserved.
    • Legal
    • Sitemap
    • Contact Us

    Disclaimer

    The information to which this gatepost gives access is exclusively intended for persons who are not residents of the United States, Canada, Australia or Japan and who are not physically present in the United States, Canada, Australia or Japan. This information does not constitute an offer, or an invitation to purchase, securities of SBM Offshore N.V. in the United States, Canada, Australia, Japan or in any other jurisdiction in which such offer or invitation is not authorized or to any person to whom it is unlawful to make such offer or solicitation. Potential users of this information are requested to inform themselves about and to observe any such restrictions.

    SBM Offshore N.V.'s securities cannot be offered or sold in the United States without registration under the United States Securities Act of 1933, as amended, or pursuant to an exemption from such registration. SBM Offshore N.V. has not registered, and does not intend to register, any of its securities under the Securities Act or to conduct a public offering of securities in the United States.


    Forward-looking statements

    The information to which this gatepost gives access includes statements that are, or may be deemed to be, forward-looking statements. These forward-looking statements are based on SBM Offshore N.V.'s beliefs and projections and on information currently available to SBM Offshore N.V.. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond SBM Offshore N.V.'s control and all of which are based on SBM Offshore N.V.'s current beliefs and expectations about future events. Forward-looking statements are typically identified by the use of forward-looking terminology such as "believes", "expects", "may", "will", "could", "should", "intends", "estimates", "plans", "assumes", "anticipates", "annualised", "goal", "target" or "aim" or the negative thereof or other variations thereof or comparable terminology, or by discussions of strategy that involve risks and uncertainties. Forward-looking statements involve inherent risks and uncertainties and speak only as of the date they are made. SBM Offshore N.V. undertakes no duty to and will not necessarily update any of the forward-looking statements in light of new information or future events, except to the extent required by applicable law.

    By proceeding to view the materials to which this gatepost gives access, you warrant that you are not located in the United States, Canada, Australia or Japan and you agree that you will not transmit or otherwise send any information contained in this website to any person in the United States, Canada, Australia or Japan or to publications with a general circulation in the United States, Canada, Australia or Japan.

    Accept Decline

    By continuing your browsing on this site, you agree to the use of Cookies to generate Google Analytics visit statistics.

    En continuant la navigation sur ce site, vous acceptez l’utilisation de Cookies pour générer des statistiques de visite Google Analytics

    Yes / Oui Reject Read More
    Privacy & Cookies Policy

    Necessary Always Enabled