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 February 13-19, 2025.
February 19, 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 February 13-19, 2025. This move is part of their ongoing capital management strategy.
The share repurchase program indicates SBM Offshore's confidence in its financial health and is likely to positively impact the stock price by reducing the number of shares outstanding, potentially increasing earnings per share.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100