SBM Offshore reports weekly share buyback progress under EUR227 million program

Corporate Action
โดย GlobeNewswire·Read original
Summary · why it matters

SBM Offshore disclosed transaction details for its EUR227 million share repurchase program covering the period July 23 through July 29, 2026. The company repurchased 137,161 shares at an average price of EUR32.66, totaling EUR4,479,909 over the five trading days. Since the program began on February 27, 2026, cumulative repurchases have reached 2,828,719 shares at an average price of EUR33.58, amounting to EUR94,974,657, which represents 41.91% of the total EUR226,633,158 program. The buyback aims to reduce share capital and supply shares for management and employee share plans.

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Energy · 1 stocks
SBM Offshore N.V.
SBMO
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SBM Offshore is actively repurchasing shares under its EUR227 million buyback program, which reduces share count and supports shareholder value.