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Subsea 7 S.A. announced details of incentive schemes and share related awards

Subsea 7 (Uk Service Co) Ltd
·2-min read

Luxembourg – 12 November 2020 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) (the “Company”) in accordance with the Oslo Børs rules, today announced the details of awards under its 2018 Long-Term Incentive Plan (the “Plan”) approved by the Board on 11 November 2020.

The Company will make awards of 1,120,000 performance shares, subject to the Plan’s performance conditions, on 12 November 2020.

The following Primary Insiders were awarded performance shares under the Plan and subsequently hold the following shares and options:

Name

Position

Performance Shares Awarded

Total Performance Shares(¹)

Total Owned Shares

Total Options

John Evans

Chief Operating Officer

50,000

170,196

81,873

Nil

Ricardo Rosa

Chief Financial Officer

35,000

124,356

42,345

Nil

Olivier Blaringhem

EVP – Surf & Conventional

30,000

92,631

14,105

Nil

Stuart Fitzgerald

EVP – Strategy & Commercial

30,000

103,704

18,774

Nil

Phil Simons

EVP – Projects & Operations

30,000

88,387

4,447

Nil

Steph McNeill

EVP - Renewables

30,000

88,718

4,778

Nil

Nathalie Louys

General Counsel

28,000

87,098

27,663

Nil

Kate Lyne

EVP – Human Resources

25,000

68,258

14,491

Nil

¹Total performance shares held include the awards made in 2020 and represent the maximum award due to vest assuming all performance conditions are met.

This message is submitted on behalf of the Company and Subsea 7 S.A., as well as the named Primary Insiders.

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Subsea 7 is a global leader in the delivery of offshore projects and services for the evolving energy industry, creating sustainable value by being the industry’s partner and employer of choice in delivering the efficient offshore solutions the world needs.

Subsea 7 is listed on the Oslo Bors (SUBC), ISIN LU0075646355, LEI 222100AIF0CBCY80AH62.
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Contact:
Katherine Tonks
Head of Investor Relations
Subsea 7 S.A.
Tel +44 20-8210-5568
Katherine.Tonks@Subsea7.com

www.subsea7.com

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