SBM Offshore NV (GB:0NIS) has released an update.
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SBM Offshore NV has reported progress on its EUR 130 million share repurchase program, with 41.11% completion and a cumulative average repurchase price of EUR 14.77 per share. In the latest week, the company repurchased 240,471 shares at an average price of EUR 16.21, reflecting its commitment to reducing share capital and supporting employee share programs. SBM Offshore, a leader in offshore floating facilities, continues to focus on sustainable and affordable energy solutions for the future.
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