GlobeNewswire

Weekly share repurchase program transaction details

Share

March 25, 2020

SBM Offshore reports the transaction details related to its EUR150 million (c. US$165 million) share repurchase program for the period March 19, 2020 through March 25, 2020.

The repurchases were made under the EUR150 million share repurchase program announced on and effective from February 13, 2020. 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 13, 2020 through March 25, 2020 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
Overall progress Share Repurchase Program:
Total Repurchase AmountEUR 150,000,000
Cumulative Repurchase AmountEUR 115,226,888
Cumulative Quantity Repurchased9,224,733
Cumulative Average Repurchase PriceEUR 12.49
Start DateFebruary 13, 2020
End Date2020
Percentage of program completed as at March 25, 202076.82%
Overview of details of last 5 trading days:
Trade DateQuantity RepurchasedAverage Purchase PriceSettlement Amount
March 19, 2020519,310EUR 10.89EUR 5,656,389
March 20, 2020459,730EUR 10.94EUR 5,030,452
March 23, 2020474,881EUR 10.50EUR 4,987,624
March 24, 2020483,139EUR 11.56EUR 5,587,023
March 25, 2020427,752EUR 11.90EUR 5,089,332
Total12,364,812EUR 11.14EUR 26,350,819
1All shares purchased 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 February 13, 2020, details of which are available on its website.

Corporate Profile

The Company’s main activities are the design, supply, installation, operation and the life extension of floating production solutions for the offshore energy industry over the full lifecycle. The Company is market leading in leased floating production systems, with multiple units currently in operation.

As of December 31, 2019, the Company employs approximately 4,450 people worldwide spread over offices in our key markets, operational shore bases and the offshore fleet of vessels.

SBM Offshore N.V. is a listed holding company headquartered in Amsterdam, the Netherlands. It holds direct and indirect interests in other companies.

Where references are made to SBM Offshore N.V. and /or its subsidiaries in general, or where no useful purpose is served by identifying the particular company or companies “SBM Offshore” or “the Company” are sometimes used for convenience.

For further information, please visit our website at www.sbmoffshore.com.

The Management Board
Amsterdam, the Netherlands, March 25, 2020

Financial CalendarDateYear
Annual General Meeting of ShareholdersApril 82020
Trading Update 1Q 2020 – Press ReleaseMay 142020
Half Year 2020 Earnings – Press ReleaseAugust 62020
Trading Update 3Q 2020 – Press ReleaseNovember 122020
Full Year 2020 Earnings – Press ReleaseFebruary 112021


For further information, please contact:

Investor Relations
Bert-Jaap Dijkstra
Group Treasurer 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) 20 236 3170
Mobile:+31 (0) 6 25 68 71 67
E-mail:vincent.kempkes@sbmoffshore.com
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.

Attachment

About GlobeNewswire

GlobeNewswire
GlobeNewswire
One Liberty Plaza - 165 Broadway
NY 10006 New York

https://globenewswire.com

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Subscribe to releases from GlobeNewswire

Subscribe to all the latest releases from GlobeNewswire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire

Aben Closes Private Placement10.7.2020 14:00:10 CESTPress release

VANCOUVER, British Columbia, July 10, 2020 (GLOBE NEWSWIRE) -- Aben Resources Ltd. (TSX-V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2) (“Aben” or “the Company”) is pleased to announce that it has completed a non-brokered private placement financing for total gross proceeds of $1,046,300.04 (the “Private Placement”). The Company has issued 5,385,000 units (the "Units") at a price of CAD $0.10 per Unit and 4,231,667 flow-through units (the "FT Units") at a price of CAD $0.12 per FT Unit. Each Unit is comprised of one common share and one warrant (a “Warrant”). Each FT Unit is comprised of one flow-through common share and one-half of one Warrant. Each Warrant will entitle the holder to purchase one common share for a period of two (2) years at a price of CAD $0.15 per share. In addition, the Company has paid finder's fees totaling $56,056 and issued an aggregate 520,800 finder's warrants to arm's-length parties, with each finder’s warrant bearing the same terms as the Warrants. The Company int

Amended Articles of Association of AB Klaipedos nafta registered after the increase of the authorised capital10.7.2020 13:52:02 CESTPress release

On 9 July 2020 amended Articles of Association AB Klaipedos nafta (hereinafter – the Company) had been registered in the Register of Legal Entities of the Republic of Lithuania after the increase of authorised capital of the Company. Following the increase of the authorised capital of the Company, such capital is equal to EUR 110 505 193,97 and is divided into 381 052 393 units of shares, which grant 381 052 393 votes. Nominal value per share – EUR 0.29. Enclosed: Articles of Association of the Company, registered on 9 July 2020. Jonas Lenkšas, Chief Financial Officer, +370 694 80594 Attachment Articles of Association of the Company, registered on 9 July 2020

Kitron: Allokering av opsjoner10.7.2020 13:15:00 CESTPressemelding

Styret i Kitron ASA vedtok 10. juli 2020 å utstede 1 400 000 opsjoner til ledelsen, 150 000 opsjoner er re-allokert fra Subprogram A (2019-2022) og 1 250 000 er fra Subprogram B (2020-2023) opsjonene blir utstedt i henhold til Kitrons langsiktige insentivprogram for 2019-2022 og styrets erklæring om fastsettelse av lønn og annen godtgjørelse til ledende ansatte, som vedtatt av ordinær generalforsamling avholdt 23. april 2020. Aksjeopsjonsprogrammet og egenskapene til opsjonene er beskrevet i note 19 og 28 til Kitrons årsregnskap for 2019. Opsjonene er allokert til ledelsen som følger: CEO Peter Nilsson mottok 560,000 opsjoner. Etter tildelingen har Peter Nilsson 760 000 opsjoner og eier 2 079 182 aksjer i Kitron.CFO Cathrin Nylander mottok 120 000 opsjoner. Etter tildelingen har Cathrin Nylander 270 000 opsjoner og eier 868 752 aksjer i Kitron.COO Israel Losada Salvador mottok 120 000 opsjoner. Etter tildelingen har Israel Losada Salvador 270 000 opsjoner og eier 743,831 aksjer i Kitro

Kitron: Allocation of options10.7.2020 13:15:00 CESTPress release

On 10 July 2020, the board of directors of Kitron ASA resolved to issue 1,400,000 options to senior management, whereof 150 000 options are re-allocated from Subprogram A (2019-2022) and 1,250,000 options are from Subprogram B (2020-2023). The options are issued in accordance with Kitron's long term incentive program 2019-2022 and the board of directors' declaration on salaries and other remuneration to the senior executive management, as approved by Kitron annual general meeting held 23 April 2020. The share option program and properties of the options are described in note 19 and 28 in Kitron's annual financial statements for 2019. The options are allocated to the management as follows: CEO and President Peter Nilsson received 560,000 options. After the allocation Peter Nilsson holds 760,000 options and 2,079,182 shares in Kitron.CFO Cathrin Nylander received 120,000 options. After the allocation Cathrin Nylander holds 270,000 options and 868,752 shares in Kitron.COO Israel Losada Sa

Kitron: Q2 2020 - Rekordresultater10.7.2020 12:46:05 CESTPressemelding

(2020-07-10) Kitron kan i dag melde om sterk vekst og rekordoverskudd for andre kvartal, drevet av sektorene Forsvar/Luftfart, Medisinsk utstyr og Industri. Kitrons driftsinntekter i andre kvartal var 1 041 millioner kroner, en økning på 21 prosent sammenlignet med fjoråret. Veksten justert for valutaeffekter var 11 prosent. Lønnsomheten uttrykt som EBIT-margin var 8,5 prosent i andre kvartal, mot 6,6 prosent i samme kvartal i fjor. Ordrereserven endte på 2 102 millioner kroner, en økning på 45 prosent sammenlignet med i fjor. Peter Nilsson, Kitrons konsernsjef, kommenterer: – Dette var et rekordkvartal for Kitron når det gjelder driftsinntekter, lønnsomhet og ordrereserve. Driftsinntektene er drevet av robust underliggende etterspørsel innen sektorene Forsvar/Luftfart, Medisinsk utstyr og Industri. Sterk utvikling ved alle alle Kitron-anleggene bidro til marginen på 8,5 prosent. Utsiktene våre for tredje og fjerde kvartal gjør oss trygge på å nå våre oppgraderte mål for hele året 2020

Kitron: Q2 2020 – Record performance10.7.2020 12:46:05 CESTPress release

(2020-07-10) Kitron today reported strong growth and record profit for the second quarter driven by Defense/Aerospace, Medical devices and Industry sectors. Kitron's revenue for the second quarter was NOK 1 041 million, an increase of 21 per cent compared to last year. Growth adjusted for currency effects was 11 per cent. Profitability expressed as EBIT margin was 8.5 per cent in the second quarter, compared to 6.6 per cent in the same quarter last year. The order backlog ended at NOK 2 102 million, an increase of 45 per cent compared to last year. Peter Nilsson, Kitron's CEO, comments: "This was a record quarter for Kitron in terms of revenue, profitability and order backlog. Revenue is driven by a robust underlying demand within Defense/Aerospace, Medical and Industry Sectors. Strong performance in all Kitron sites contributed to the profitability of 8.5 per cent. Our third and fourth quarter outlook leaves us confident in reaching our upgraded full year 2020 targets. Our third quart