SBM Offshore

Announcement of exchange ratio

This announcement is for information purposes only. Shareholders in SBM Offshore N.V. can participate in the dividend reinvestment plan ("DRIP") via their own bank or broker. ABN AMRO Corporate Broking ("ABN AMRO CB") only facilitates, with the approval of issuing entities (in this case SBM Offshore N.V.), banks that are admitted institutions to Euroclear, to allow their clients which are shareholders in SBM Offshore N.V. to participate in DRIP. ABN AMRO CB, in its capacity as facilitator of the dividend reinvestment plan regarding SBM Offshore N.V., does not provide any investment services to shareholders in SBM Offshore N.V. or any other party or person and is not liable towards shareholders in SBM Offshore N.V. or any other party or person in respect of their enrolment in DRIP. If a shareholder has a question in respect of DRIP, he/she should consult its own advisor or bank.

Further to the announcement dated 14 April 2020 concerning the payment of the dividend of SBM Offshore N.V. (“SBM Offshore”) for the financial year 2019, ABN AMRO Bank N.V. (“ABN AMRO”) hereby announces that the number of dividend rights (the “exchange ratio’) is fixed at 18.154 dividend rights for one (1) SBM Offshore ordinary share.

Based on the daily volume weighted average price of SBM Offshore ordinary shares during 29 April 2020 up to and including 30 April 2020 (less auction and less of exchange trades), being EUR 11.4529 1/18.154 part represents a value of EUR 0.630875, which is 0.375% less than the net cash dividend of EUR 0.633250. This exchange ratio corresponds to a reinvestment price of EUR 11.496010 per SBM Offshore ordinary share.

The delivery of shares bought as a result of reinvestment will be made as of 6 May 2020.

Amsterdam, 1 May 2020


Message details

Sub-group Equities
Issuer SBM Offshore
Category Dividend
ISIN NL0000360618
Symbol SBMO
Securities name Ordinary shares
Publication date May 1 2020