September 6, 2024
SBM Offshore announces it has signed two Share Purchase Agreements with its partner MISC Berhad for:
i) the total acquisition of MISC Berhad's entire effective equity interest in the lease and operating entities related to the FPSO Espirito Santo in Brazil; and
ii) the full divestment to MISC Berhad of SBM Offshore's effective equity interest in the lease and operating entities of the FPSO Kikeh in Malaysia.
This transaction furthers SBM Offshore's efforts to maintain focus and excellence in its operating portfolio.
Agreements remain subject to several conditions precedent and approval by various competent authorities.
Corporate Profile
SBM Offshore designs, builds, installs and operates offshore floating facilities for the offshore energy industry. As a leading technology provider, we put our marine expertise at the service of a responsible energy transition by reducing emissions from fossil fuel production, while developing cleaner solutions for alternative energy sources.
More than 7,400 SBMers worldwide are committed to sharing their experience to deliver safe, sustainable and affordable energy from the oceans for generations to come.
For further information, please visit our website at www.sbmoffshore.com.
| Financial Calendar | Date | Year | |
| Third Quarter 2024 Trading Update | November 14 | 2024 | |
| Full Year 2024 Earnings | February 20 | 2025 | |
| Annual General Meeting | April 9 | 2025 | |
| First Quarter 2025 Trading Update | May 15 | 2025 | |
| Half Year 2025 Earnings | August 7 | 2025 |
For further information, please contact:
Investor Relations
Wouter Holties
Corporate Finance & Investor Relations Manager
| Mobile: | +31 (0) 20 236 32 36 |
| E-mail: | wouter.holties@sbmoffshore.com (mailto:wouter.holties@sbmoffshore.com) |
| Website: | www.sbmoffshore.com (http://www.sbmoffshore.com) |
Media Relations
Evelyn Tachau Brown
Group Communications & Change Director
| Mobile: | +377 (0) 6 40 62 30 34 |
| E-mail: | evelyn.tachau-brown@sbmoffshore.com (mailto:evelyn.tachau-brown@sbmoffshore.com) |
| Website: | www.sbmoffshore.com (http://www.sbmoffshore.com) |
Market Abuse Regulation
This press release may contain inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.
Disclaimer
Some of the statements contained in this release that are not historical facts are statements of future expectations and other forward-looking statements based on management's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially from those in such statements. These statements may be identified by words such as 'expect', 'should', 'could', 'shall' and similar expressions. Such forward-looking statements are subject to various risks and uncertainties. The principal risks which could affect the future operations of SBM Offshore N.V. are described in the 'Impact, Risk and Opportunity Management' section of the 2023 Annual Report.
Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results and performance of the Company's business may vary materially and adversely from the forward-looking statements described in this release. SBM Offshore does not intend and does not assume any obligation to update any industry information or forward-looking statements set forth in this release to reflect new information, subsequent events or otherwise.
This release contains certain alternative performance measures.
Nothing in this release shall be deemed an offer to sell, or a solicitation of an offer to buy, any securities. The companies in which SBM Offshore N.V. directly and indirectly owns investments are separate legal entities. In this release "SBM Offshore" and "SBM" are sometimes used for convenience where references are made to SBM Offshore N.V. and its subsidiaries in general. These expressions are also used where no useful purpose is served by identifying the particular company or companies.
"SBM Offshore®", the SBM logomark, "Fast4Ward®", "emissionZERO®" and "F4W®" are proprietary marks owned by SBM Offshore.
Attachment
- SBM Offshore signs Share Purchase Agreements with MISC Berhad (https://ml-eu.globenewswire.com/Resource/Download/de990e5e-1d17-4f01-a528-e0d91f3d67e7)
