SBM Offshore NV (GB:0NIS) has released an update.
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SBM Offshore has reported progress on its EUR130 million share repurchase program, which aims to reduce share capital and support management and employee share schemes. As of December 11, 2024, the company has completed 65.66% of the program, repurchasing over 5.5 million shares. This strategic move highlights SBM Offshore’s commitment to optimizing shareholder value.
For further insights into GB:0NIS stock, check out TipRanks’ Stock Analysis page.
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