SBM Offshore Advances Share Repurchase Program

SBM Offshore NV (GB:0NIS) has released an update.

SBM Offshore NV has reported progress on its EUR 65 million share repurchase program, with 57.7% completed as of August 7, 2024, amounting to a cumulative repurchase of EUR 37.5 million. The program, running since March 1, 2024, aims to reduce share capital and has seen an average repurchase price of EUR 14.15 per share. The company, a leading technology provider for offshore floating facilities, is committed to delivering energy solutions with reduced emissions.

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