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 January 23-29, 2025.
January 29, 2025 | 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 January 23-29, 2025, which may positively impact its stock price by reducing the number of shares outstanding.
The share repurchase program reduces the number of shares outstanding, which can increase earnings per share and potentially boost the stock price. The program's size (EUR130 million) is significant, indicating a strong commitment to returning value to shareholders.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80