GlobeNewswire by notified

Weekly share repurchase program transaction details

Share

September 29, 2021

SBM Offshore reports the transaction details related to its EUR150 million (c. US$180 million) share repurchase program for the period September 23, 2021 through September 29, 2021.

The repurchases were made under the EUR150 million share repurchase program announced on and effective from August 5, 2021. 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 August 5, 2021 through September 29, 2021 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 Investors section of the Company’s website.

Share Repurchase Program
Overall progress Share Repurchase Program:
Total Repurchase AmountEUR 150,000,000
Cumulative Repurchase AmountEUR 124,677,838
Cumulative Quantity Repurchased8,304,000
Cumulative Average Repurchase PriceEUR 15.01
Start DateAugust 5, 2021
Percentage of program completed as at September 29, 202183.12%
Overview of details of last 5 trading days:
Trade DateQuantity RepurchasedAverage Purchase PriceSettlement Amount
September 23, 2021178,000EUR 15.16EUR 2,697,957
September 24, 2021240,000EUR 15.11EUR 3,625,732
September 27, 2021182,000EUR 15.10EUR 2,747,587
September 28, 2021260,000EUR 15.07EUR 3,918,950
September 29, 2021184,000EUR 15.10EUR 2,779,105
Total11,044,000EUR 15.10EUR 15,769,330
1All shares purchased on Euronext Amsterdam and CBOE DXE

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 5, 2021, details of which are available on its website.        

CorporateProfile

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, 2020, the Company employs approximately 4,570 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, September 29, 2021

Financial Calendar DateYear
Trading Update 3Q 2021 – Press ReleaseNovember 112021
Full Year 2021 Earnings – Press ReleaseFebruary 102022
Annual General MeetingApril 62022
Trading Update 1Q 2022 – Press ReleaseMay 122022
Half Year 2022 Earnings – Press ReleaseAugust 42022


For further information, please contact:

Investor Relations
Bert-Jaap Dijkstra
Group Treasurer and IR

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

Mobile:+377 (0) 6 40 62 87 35
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

To view this piece of content from www.globenewswire.com, please give your consent at the top of this page.
To view this piece of content from ml-eu.globenewswire.com, please give your consent at the top of this page.

About GlobeNewswire by notified

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

https://notified.com

GlobeNewswire by notified 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 by notified

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

Latest releases from GlobeNewswire by notified

Inventiva announces the design of LEGEND, a Phase IIa combination trial with lanifibranor and SGLT2 inhibitor empagliflozin in patients with NASH and type 2 diabetes27.10.2021 22:00:00 CEST | Press release

The LEGEND trial is a proof-of-concept Phase IIa clinical trial to evaluate the safety and efficacy of lanifibranor in combination with the sodium-glucose cotransporter 2 (SGLT2) inhibitor empagliflozin (Jardiance®1) in patients with non-alcoholic steatohepatitis (NASH) and type 2 diabetes (T2D)The trial will be conducted in several sites in the United States and Europe with a treatment duration of 24 weeks, and a total enrollment target of 63 patients with T2D and non-cirrhotic NASHThe initiation of the trial is planned for H1 2022 and the publication of topline results is expected for H2 2023 Daix (France), Long Island City (New York, United States), October 27, 2021 – Inventiva (Euronext Paris and Nasdaq: IVA), a clinical-stage biopharmaceutical company focused on the development of oral small molecule therapies for the treatment of NASH, mucopolysaccharidoses (MPS) and other diseases with significant unmet medical needs, today announced the design of a proof-of-concept Phase IIa co

Johnson & Johnson partially converts its convertible loan27.10.2021 19:03:46 CEST | Press release

Ad hoc announcement pursuant to Art. 53 LR Allschwil, Switzerland – October 27, 2021 Idorsia Ltd (SIX: IDIA) today announced that Cilag Holding AG, an indirect subsidiary of Johnson & Johnson, notified Idorsia that it will convert a second tranche of the remaining principal amount of CHF 445 million convertible loan, such that CHF 110 million will be converted into 9.6 million shares of Idorsia. As a result of the conversion, Idorsia will issue 9’581’882 new shares and Idorsia share capital will increase from CHF 8’364’748.55 to CHF 8’843’842.65, divided into 176’876’853 Idorsia shares. As a result of conversion of the second tranche of the convertible loan, Cilag Holding AG will hold 5.7% of Idorsia’s issued share capital. Following conversion, the remaining principal amount of the convertible loan will be CHF 335 million, convertible into 29.1 million shares of Idorsia. Notes to the editor About the convertible loan On June 15, 2017, Cilag Holding AG (“Cilag”) provided a loan of CHF

AMG Advanced Metallurgical Group N.V. Reports Third Quarter 2021 Results27.10.2021 18:00:00 CEST | Press release

Coronavirus Update Active cases at AMG remain at a very low level. We continue to apply all safety measures at our disposal with the highest degree of attention in order to ensure our employees are working in the lowest risk environment possible. Strategic Highlights The construction of AMG Vanadium’s second spent catalyst recycling facility in Zanesville, Ohio, a $325 million investment and AMG’s largest capital project to date, is proceeding as planned. Commissioning starts in the first quarter of 2022 and the plant is forecast to achieve full run rate capacity in the fourth quarter of 2022.Spodumene 1+ will increase Brazil’s spodumene production by 40,000 tons. The project is currently in detailed engineering and commissioning is planned to start in the second quarter of 2023.AMG’s Supervisory Board approved the construction of the first module of a battery grade lithium hydroxide upgrader in Bitterfeld, Germany in its meeting on October 27, 2021. The total expenditure of $120 milli

The world’s first fully accessible art depot opens its doors in 10 days27.10.2021 16:36:25 CEST | Press release

Depot Boijmans Van Beuningen in Rotterdam Rotterdam, Oct. 27, 2021 (GLOBE NEWSWIRE) -- The world’s first fully accessible art depot opens its doors in 10 days Depot Boijmans Van Beuningen is set to open its doors in 10 days – on 6 November 2021 – making the entire internationally renowned art collection of Museum Boijmans Van Beuningen accessible to the public. Museums around the world usually display just 6 to 10 percent of their collections; the rest lies in storage. Depot Boijmans Van Beuningen breaks with this hidden tradition and makes all the invisible artworks visible – a world first. In the iconic, mirrored art depot designed by MVRDV the museum’s 151,000 artefacts are placed at the heart of the city. The depot’s ovoid shape makes it a building that is open in every direction. The bowl-like form means that the footprint is small and the rooftop area as expansive as possible. The fully mirrored edifice consists of 6,609 square metres of glass, divided into 1,664 mirror panels, w

Workday presenterar en djupare digital upplevelse för anställda med Workday Everywhere27.10.2021 16:24:43 CEST | Pressemelding

Obegränsad upplevelse etablerar Workday inom populära arbetsområden och företagsappar för att hjälpa anställda att hålla sig engagerade, produktiva och uppkopplade. STOCKHOLM, Sweden, Oct. 27, 2021 (GLOBE NEWSWIRE) -- Workday, Inc. (NASDAQ: WDAY), en ledande leverantör inom molnlösningar för företag inom ekonomi och HR, tillkännagav idag lanseringen av Workday Everywhere, paketerade anslutningar som tar uppgifter och insikter från Workday direkt till digitala arbetsmiljöer för att hjälpa organisationer att förbättra anställdas upplevelser. Med Workday Everywhere kan anställda snabbt få tillgång till Workday i sitt arbetsflöde utan att växla mellan olika applikationer. Arbetsgivare kan använda Workday Everywhere för att leverera en enkel och uppkopplad upplevelse som förbättrar medarbetarnas produktivitet och engagemang. Workday Everywhere är det senaste erbjudandet från Workday för medarbetare upplevelser och stödjer en pågående satsning för att öka engagemanget med en öppen och frikti

Aspo’s financial reporting in 202227.10.2021 12:00:00 CEST | Press release

Aspo Plc Stock Exchange Release October 27, 2021 at 1 p.m. Aspo’s financial reporting in 2022 In 2022, Aspo Plc will publish its financial statement release, half year financial report and two interim reports as follows: - financial statement release for 2021 on Wednesday, February 16, 2022 - interim report for January-March on Wednesday, May 4, 2022 - half year financial report for January-June on Wednesday, August 10, 2022 - interim report for January-September on Wednesday, November 2, 2022 The Financial Statements and Sustainability Report 2021 will be published on the company’s website during week 10. Aspo’s Annual Shareholders’ Meeting is scheduled for Wednesday, April 6, 2022, in Helsinki, Finland. The Board of Directors will give a separate notice of the Annual Shareholders’ Meeting later. Possible requests from shareholders to include matters on the agenda of Aspo’s 2021 Annual Shareholders’ Meeting shall be sent to Aspo’s Board of Directors not later than February 9, 2022. Th

Correction: RESULT RIKSBANK PURCHASES OF CORPORATE BONDS27.10.2021 11:35:12 CEST | Press release

AuctionResult of auctionAuction date2021-10-27NameHeimstaden Bostad ABIsinXS2259781230Coupon, spread1.368Maturity2025-02-25Tendered volume, SEK mln30 +/- 30Offered volume, SEK mln-Volume bought, SEK mln-Number of bids-Number of accepted bids-Average yield, DM-Lowest accepted yield, DM-Highest yield, DM-Accepted at lowest yield, %- AuctionResult of auctionAuction date2021-10-27NameCastellum ABIsinSE0012675916Coupon, spread1.545Maturity2025-11-27Tendered volume, SEK mln30 +/- 30Offered volume, SEK mln6Volume bought, SEK mln6Number of bids1Number of accepted bids1Average yield, DM1.400%Lowest accepted yield, DM1.400%Highest yield, DM1.400%Accepted at lowest yield, %100.00 AuctionResult of auctionAuction date2021-10-27NameCastellum ABIsinSE0011062827Coupon, spread1.650Maturity2023-05-17Tendered volume, SEK mln30 +/- 30Offered volume, SEK mln-Volume bought, SEK mln-Number of bids-Number of accepted bids-Average yield, DM-Lowest accepted yield, DM-Highest yield, DM-Accepted at lowest yield,