Weekly Share Repurchase Program Transaction Details – Press Release
SBM Offshore reports the transaction details related to the repurchase of its common shares made for the period August 11, 2016 through August 12, 2016.
The repurchases were made under the EUR 150 million share repurchase program for share capital reduction purposes and, to a lesser extent, for employee share programs. Information regarding the progress of the share repurchase program and the aggregate of the transactions (calculated on a daily basis) for the period August 11, 2016 through August 12, 2016 can be found in the below table. Further detailed information regarding both the progress of the share repurchase program and all individual transactions can be found by clicking on the following link: transaction details.
Share Repurchases
Total Repurchase Amount EUR 150,000,000
Cumulative Repurchase Amount EUR 1,879,250
Start Date August 11, 2016
End Date December 30, 2016
Percentage Completed as of August 12, 2016 1.25%
Trade Date Quantity Repurchased Average Purchase Price Settlement Amount
August 11, 2016 100,000 EUR 12.46 EUR 1,245,887.60
August 12, 2016 50,000 EUR 12.67 EUR 633,362.30
Total1 150,000 EUR 12.53 EUR 1,879,250