- SBM Offshore has completed a EUR130 million share repurchase program and announced a new EUR141 million buyback.
- The new program aims to reduce share capital and fund employee share plans, expected to end by February 26, 2026.
- The program will be executed with safe harbor provisions allowing transactions during closed periods.
SBM Offshore has successfully concluded its EUR130 million share repurchase initiative, which commenced in 2024, and has announced the launch of a new EUR141 million (US$150 million equivalent) share buyback program. The new program, scheduled to start on April 24, 2025, is targeted at reducing share capital and providing shares for management and employee share programs, with a cap of US$25 million for the latter.
The previous share repurchase program saw SBM Offshore (SBFFF, Financial) buy 7,978,332 shares at an average price of EUR16.29 per share. The final transactions for this program, conducted between April 17 and April 23, 2025, involved purchasing 136,375 shares at an average price of EUR17.23, amounting to EUR2,349,344.
The new share buyback is set to complete by February 26, 2026, employing safe harbor provisions to permit transactions during normally restricted periods. SBM Offshore will provide updates on the program's progress via weekly press releases and its website, ensuring market transparency.
