COMPLETION OF SHARE REPURCHASE PROGRAM
(Thomson Reuters ONE) -
December 20, 2016
SBM Offshore reports that its EUR150 million share repurchase program announced
on August 10, 2016 is completed.
Between August 11, 2016 and December 20, 2016 a total of 11,442,179 common
shares were repurchased, at an average price of EUR 13.11 per share. Further
detailed information regarding all individual transactions can be accessed via
the investor relations section of the Company's website.
Final Period Share Repurchase Program Transaction Details
The Company reports the transaction details related to the repurchase of its
common shares made for the period December 19, 2016 through December 20, 2016 in
the below table.
This press release contains information which is to be made publicly available
under the Market Abuse Regulation (nr. 596/2014). The information concerns the
final update of the transactions conducted under SBM Offshore's share repurchase
program, as announced by the Company on August 10, 2016, details of which are
available on its website.
Corporate Profile
SBM Offshore N.V. is a listed holding company that is headquartered in
Amsterdam. It holds direct and indirect interests in other companies that
collectively with SBM Offshore N.V. form the SBM Offshore group ("the Company").
SBM Offshore provides floating production solutions to the offshore energy
industry, over the full product life-cycle. The Company is market leading in
leased floating production systems with multiple units currently in operation
and has unrivalled operational experience in this field. The Company's main
activities are the design, supply, installation, operation and the life
extension of Floating Production, Storage and Offloading (FPSO) vessels. These
are either owned and operated by SBM Offshore and leased to its clients or
supplied on a turnkey sale basis.
As of December 31, 2015, Group companies employed approximately 7,000 people
worldwide. Full time company employees (4,900) are spread over five regional
centers, eleven operational shore bases and the offshore fleet of vessels. A
further 2,100 are working for the joint ventures with several construction
yards. Please visit our website at www.sbmoffshore.com.
The companies in which SBM Offshore N.V. directly and indirectly owns
investments are separate entities. In this communication "SBM Offshore" is
sometimes used for convenience where references are made to SBM Offshore N.V.
and its subsidiaries in general, or where no useful purpose is served by
identifying the particular company or companies.
The Management Board
Amsterdam, The Netherlands, December 20, 2016
+-----------------------------------------+------------+------+
| Financial Calendar | Date | Year |
+-----------------------------------------+------------+------+
| Full-Year 2016 Earnings - Press Release | February 8 | 2017 |
+-----------------------------------------+------------+------+
| Annual General Meeting of Shareholders | April 13 | 2017 |
+-----------------------------------------+------------+------+
| Trading Update 1Q 2017 - Press Release | May 10 | 2017 |
+-----------------------------------------+------------+------+
| Half-Year 2017 Earnings - Press Release | August 8 | 2017 |
+-----------------------------------------+------------+------+
| Trading Update 3Q 2017 - Press Release | November 7 | 2017 |
+-----------------------------------------+------------+------+
For further information, please contact:
Investor Relations
Bert-Jaap Dijkstra
Investor Relations Director
Telephone: +31 (0) 20 2363 170
Mobile NL: +31 (0) 6 2114 1017
Mobile MC: +33 (0) 6 4391 9302
E-mail: bertjaap.dijkstra(at)sbmoffshore.com
Website: www.sbmoffshore.com
Media Relations
Vincent Kempkes
Head of Communications
Telephone: +31 (0) 20 2363 170
Mobile: +31 (0) 6 25 68 71 67
E-mail: vincent.kempkes(at)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.
COMPLETION OF SHARE REPURCHASE PROGRAM:
http://hugin.info/130754/R/2066471/775981.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: SBM Offshore N.V. via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 20.12.2016 - 17:43 Uhr
Sprache: Deutsch
News-ID 514109
Anzahl Zeichen: 7022
contact information:
Town:
Schiedam
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 306 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"COMPLETION OF SHARE REPURCHASE PROGRAM"
steht unter der journalistisch-redaktionellen Verantwortung von
SBM Offshore N.V. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
