SBM Offshore's EUR227M Buyback: Weekly Update for Aug. 20-26
SBM Offshore's EUR227M buyback, announced Feb. 26, aims to cut share capital and fund employee share schemes. Weekly details for Aug. 20-26 are published.
SBM Offshore (SBMO) reported the weekly transaction details for its EUR227 million (US$270 million) share repurchase program, covering the period Aug. 20-26. The US$270 million figure is based on the EUR/USD forward exchange rate on February 18, 2026, the company said.
The program, announced February 26, took effect the following day. SBM Offshore said the objective is to reduce share capital and supply shares for regular management and employee share programs.
Aggregate transactions from February 27 through August 26, calculated on a daily basis, appear in the accompanying table. Further detail on the program's progress and individual transactions is available in the Investors section of the company's website.
The disclosure, made under the EU Market Abuse Regulation (596/2014), is a regular update on the program's transactions.
SBM Offshore builds and operates floating production systems for deepwater oil and gas fields, from design and construction through installation and operation. It employs more than 8,000 professionals.
Drafted by a large language model from the source reporting linked above, then screened by automated publishing checks. It is not read by a journalist before publication. Some articles cite our Alpha Score. Verify prices and figures against the original source. Educational coverage, not personalized advice.