Weekly share repurchase program transaction details
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SBM Offshore has reported details of its share repurchase program, amounting to EUR130 million (approximately US$140 million), for the week of January 16-22, 2025.
January 22, 2025 | 6:15 pm
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POSITIVE IMPACT
SBM Offshore has executed a share repurchase program worth EUR130 million (c. US$140 million) for the week of January 16-22, 2025. This buyback could potentially support the stock price by reducing the number of shares outstanding.
The share repurchase program indicates SBM Offshore's confidence in its financial health and future prospects. By reducing the number of shares outstanding, the buyback can increase earnings per share and potentially support the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80