The SBM Offshore buyback reached 65.62% completion as of October 21, 2026, after the company purchased 127,843 shares for EUR4,479,894 during October 15–21. Cumulative purchases under the program totaled 4,362,970 shares at a cost of EUR148,719,806.
Key Takeaways
- The latest five trading days of purchases averaged EUR35.04 per share.
- Cumulative spending reached EUR148.72 million under the announced EUR227 million program.
- The company expects to complete the program by February 17, 2027.
Table of Contents
- SBM Offshore buyback adds EUR4.48 million in purchases
- Cancellation and employee share plans determine use
- Conclusion
SBM Offshore buyback adds EUR4.48 million in purchases
In its October 21 update, SBM Offshore reported an average purchase price of EUR35.04 for the latest reporting period, compared with EUR34.09 across the program since its February 27, 2026 start. The recent purchases therefore cost more per share than the cumulative average.
Daily purchases ranged from 25,363 to 25,709 shares, with spending close to EUR896,000 on each of the five trading days. The shares were purchased through Euronext Amsterdam, CBOE DXE, Turquoise Europe and/or Aquis Europe.
The announced program size is EUR227 million, while the detailed progress table lists a total repurchase amount of EUR226,633,158. The reported 65.62% completion figure measures progress against the program amount, not the proportion of the company’s outstanding shares repurchased.
| Item | Details |
|---|---|
| October 15, 2026 | 25,709 shares; average purchase price EUR34.8506 |
| October 16, 2026 | 25,500 shares; average purchase price EUR35.1370 |
| October 19, 2026 | 25,363 shares; average purchase price EUR35.3261 |
| October 20, 2026 | 25,662 shares; average purchase price EUR34.9143 |
| October 21, 2026 | 25,609 shares; average purchase price EUR34.9869 |
Cancellation and employee share plans determine use
SBM Offshore’s 2026 share repurchase terms allocate up to US$30 million to regular management and employee share programs, with the remainder of the repurchased shares to be cancelled. The program therefore combines a reduction in share capital with funding for share-based compensation obligations.
Announced on February 26, 2026, the program became effective the following day. Its expected completion date is February 17, 2027; the October update records purchases completed so far rather than announcing completion or an expansion.
Execution is handled by a third party under an engagement letter and the applicable share-repurchase safe-harbor provisions. SBM Offshore says this arrangement allows transactions during closed periods, with progress disclosed through weekly announcements and website updates.
Conclusion
The next weekly transaction update will show further progress toward the planned February 2027 completion. SBM Offshore’s next scheduled corporate update is its third-quarter trading update on November 12, 2026.
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