SBM Offshore Advances Share Repurchase Program

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

SBM Offshore NV has disclosed details of its EUR 130 million share repurchase program, designed to reduce share capital and supply shares for management and employee programs. As of August 21, 2024, the company has completed 30.83% of the program, repurchasing shares at an average price of EUR 14.28. The recent transactions from August 15 to 21 totaled 105,609 shares for a settlement amount of EUR 1,760,571.

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