Issued Share Capital
The authorized share capital of the Company is two hundred million euros (EUR200,000,000). This share capital is divided into four hundred million (400,000,000) ordinary shares with a nominal value of twenty-five eurocents (EUR0.25) each and four hundred million (400,000,000) protective preference shares, with a nominal value of twenty-five euro cents (EUR0.25) each. The protective preference shares can be issued as a protective measure as described in note 3.2.8 Stichting Continuïteit SBM Offshore.
During the financial year the movements in the outstanding number of ordinary shares are as follows:
number of shares | 2022 | 2021 | |
|---|---|---|---|
Outstanding at 1 January | 180,671,305 | 188,671,305 | |
Treasury shares cancelled | - | (8,000,000) | |
Outstanding 31 December | 180,671,305 | 180,671,305 |
All outstanding shares have been fully paid.
Treasury shares
A total number of 2,616,6501 treasury shares are still reported in the outstanding ordinary shares as at December 31, 2022 and are held predominantly for employee share programs. During 2022, a total of 1,400,258 shares were transferred to employee share programs.
Ordinary shares
In terms of ordinary shares, 1,648,665 shares were held by members of Management Board, in office as at December 31, 2022 (December 31, 2021: 2,073,278) as detailed below:
Ordinary shares held in the Company by the Management Board
Shares subject to conditional holding requirement | Other shares | Total shares at 31 December 2022 | Total shares at 31 December 2021 | |
|---|---|---|---|---|
Bruno Chabas | 344,526 | 910,338 | 1,254,864 | 1,191,070 |
Douglas Wood | 174,217 | 89,792 | 264,009 | 228,316 |
Øivind Tangen1 | 34,938 | 94,854 | 129,792 | 79,300 |
Philippe Barril2 | n/a | n/a | n/a | 317,962 |
Erik Lagendijk3 | n/a | n/a | n/a | 256,630 |
Total | 553,681 | 1,094,984 | 1,648,665 | 2,073,278 |
- 1 Management Board member since April 6, 2022
- 2 Management Board member until August 31, 2022
- 3 Management Board member until April 6, 2022
Only one member of the Supervisory Board (Sietze Hepkema) holds shares in the Company (256,333 shares as at December 31, 2022), resulting from his previous position as a member of the Management Board.