Weekly share repurchase program transaction details
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SBM Offshore has reported details of its share repurchase program, amounting to approximately US$140 million, for the period from January 30 to February 5, 2025.
February 05, 2025 | 6:30 pm
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POSITIVE IMPACT
SBM Offshore has executed a share repurchase program worth approximately US$140 million, which could positively impact its stock price by reducing the number of shares outstanding.
The share repurchase program reduces the number of shares outstanding, potentially increasing earnings per share and supporting the stock price. This action is generally viewed positively by investors.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80