On April 23, 2025, SBM Offshore revealed the successful completion of its €130 million share repurchase program, initiated in March 2024. The program involved repurchasing a total of 7,978,332 shares at an average price of €16.29 per share. This program was funded through the company’s own resources and primarily aimed at reducing its capital while supporting its management and employee share programs.
New €141 million share repurchase program
In parallel, SBM Offshore announced the commencement of a new €141 million ($150 million USD) share repurchase program, effective from April 24, 2025. The main objective of this program is to reduce capital, but it will also be used to provide shares for regular management and employee programs, for a maximum amount of $25 million USD. The remainder of the repurchased shares will be cancelled. This program is expected to be completed by February 26, 2026.
Execution of the program and repurchase conditions
The program will be executed under the terms specified in an engagement letter with a third party, in compliance with the safe harbour provisions for share repurchases. Transactions may be carried out during closed market periods. SBM Offshore will update the market on the progress of the program through weekly press releases, as well as via updates on its website.
Review of the €130 million share repurchase program
The €130 million share repurchase program was executed between March 1, 2024, and April 23, 2025. During this period, SBM Offshore repurchased a total of 7,978,332 shares. Details of these transactions, including purchase prices and volumes for each trading day, are available in the Investor Relations section of the company’s website. SBM Offshore initially announced a €65 million program in February 2024, which was later increased by an additional €65 million in August 2024.
