Weekly share repurchase program transaction details
Portfolio Pulse from
SBM Offshore has reported details of its share repurchase program, amounting to EUR130 million (approximately US$140 million) for the week of November 7-13, 2024.
November 13, 2024 | 6:00 pm
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SBM Offshore has executed a share repurchase program worth EUR130 million (c. US$140 million) for the week of November 7-13, 2024, which may influence its stock price.
The share repurchase program indicates SBM Offshore's confidence in its financial health and can lead to a positive impact on the stock price by reducing the number of shares outstanding, potentially increasing earnings per share.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80