UK markets close in 2 hours 26 minutes
  • FTSE 100

    5,599.35
    -129.64 (-2.26%)
     
  • FTSE 250

    17,293.83
    -293.88 (-1.67%)
     
  • AIM

    954.07
    -18.46 (-1.90%)
     
  • GBP/EUR

    1.1063
    +0.0002 (+0.02%)
     
  • GBP/USD

    1.2992
    -0.0049 (-0.38%)
     
  • BTC-GBP

    10,087.56
    -433.40 (-4.12%)
     
  • CMC Crypto 200

    259.65
    -13.04 (-4.78%)
     
  • S&P 500

    3,314.00
    -76.68 (-2.26%)
     
  • DOW

    26,840.77
    -622.42 (-2.27%)
     
  • CRUDE OIL

    37.38
    -2.19 (-5.53%)
     
  • GOLD FUTURES

    1,875.00
    -36.90 (-1.93%)
     
  • NIKKEI 225

    23,418.51
    -67.29 (-0.29%)
     
  • HANG SENG

    24,708.80
    -78.39 (-0.32%)
     
  • DAX

    11,626.61
    -436.96 (-3.62%)
     
  • CAC 40

    4,583.32
    -147.34 (-3.11%)
     

Subsea 7 S.A. Mandatory notification of share trades

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

Luxembourg – 05 October 2020 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) announces mandatory notification of the following share transactions by primary insiders:

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Jean Cahuzac

2

Reason for the notification

a)

Position/status

Non-Executive Director

b)

Initial notification/ Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Subsea 7 S.A.

b)

LEI

222100AIF0CBCY80AH62

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument
Identification code

Subsea 7 S.A. Shares



Oslo Børs: SUBC
ISIN LU0075646355

b (i)

Nature of the transaction

Vesting (award) of performance shares

c (i)

Price(s) and volume(s)

Volume: 13,585
Price: NOK 66.5062

b (ii)

Nature of the transaction

Sale of Shares to satisfy tax charge on vesting of performance shares

c (ii)

Price(s) and volume(s)

Volume: 6,014
Price: NOK 66.5062

d)

Aggregated information

Aggregate volume: 9,800
Aggregate price: NOK 66.5062

e)

Date of the transaction

2020 – 10 – 02 (2 October 2020)

f)

Place of the transaction

b(i): Outside a trading venue



b(ii): The Oslo Bors Stock Exchange OSE

Instruments owned by Primary Insider after the transaction completed

Owned Shares: 178,042
Performance Shares: 60,000

Restricted Shares: Nil
Options: Nil


1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

John Evans

2

Reason for the notification

a)

Position/status

Chief Executive Officer

b)

Initial notification/ Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Subsea 7 S.A.

b)

LEI

222100AIF0CBCY80AH62

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument
Identification code

Subsea 7 S.A. Shares



Oslo Børs: SUBC
ISIN LU0075646355

b (i)

Nature of the transaction

Vesting (award) of performance shares

c (i)

Price(s) and volume(s)

Volume: 21,367
Price: NOK 66.5062

b (ii)

Nature of the transaction

Sale of Shares to satisfy tax charge on vesting of performance shares

c (ii)

Price(s) and volume(s)

Volume: 10,104
Price: NOK 66.5062

d)

Aggregated information

Aggregate volume: 15,736
Aggregate price: NOK 66.5062

e)

Date of the transaction

2020 – 10 – 02 (2 October 2020)

f)

Place of the transaction

b(i): Outside a trading venue



b(ii): The Oslo Bors Stock Exchange OSE

Instruments owned by Primary Insider after the transaction completed

Owned Shares: 81,873
Performance Shares: 120,196

Restricted Shares: Nil
Options: Nil


1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Ricardo Rosa

2

Reason for the notification

a)

Position/status

Chief Financial Officer

b)

Initial notification/ Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Subsea 7 S.A.

b)

LEI

222100AIF0CBCY80AH62

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument
Identification code

Subsea 7 S.A. Shares



Oslo Børs: SUBC
ISIN LU0075646355

b (i)

Nature of the transaction

Vesting (award) of performance shares

c (i)

Price(s) and volume(s)

Volume: 16,855
Price: NOK 66.5062

b (ii)

Nature of the transaction

Sale of Shares to satisfy tax charge on vesting of performance shares

c (ii)

Price(s) and volume(s)

Volume: 7,970
Price: NOK 66.5062

d)

Aggregated information

Aggregate volume: 12, 413
Aggregate price: NOK 66.5062

e)

Date of the transaction

2020– 10 – 02 (2 October 2020)

f)

Place of the transaction

b(i): Outside a trading venue



b(ii): The Oslo Bors Stock Exchange OSE

Instruments owned by Primary Insider after the transaction completed

Owned Shares: 42,345
Performance Shares: 89,356

Restricted Shares: Nil
Options: Nil


1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Nathalie Louys

2

Reason for the notification

a)

Position/status

General Counsel

b)

Initial notification/ Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Subsea 7 S.A.

b)

LEI

222100AIF0CBCY80AH62

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument
Identification code

Subsea 7 S.A. Shares



Oslo Børs: SUBC
ISIN LU0075646355

b (i)

Nature of the transaction

Vesting (award) of performance shares

c (i)

Price(s) and volume(s)

Volume: 10,325
Price: NOK 66.5062

b (ii)

Nature of the transaction

Sale of Shares to satisfy tax charge on vesting of performance shares

c (ii)

Price(s) and volume(s)

Volume: 4,883
Price: NOK 66.5062

d)

Aggregated information

Aggregate volume: 7,604
Aggregate price: NOK 66.5062

e)

Date of the transaction

2020 – 10 – 02 (2 October 2020)

f)

Place of the transaction

b(i): Outside a trading venue



b(ii): The Oslo Bors Stock Exchange OSE

Instruments owned by Primary Insider after the transaction completed

Owned Shares: 27,663
Performance Shares: 59,098

Restricted Shares: Nil
Options: Nil


1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Stuart Fitzgerald

2

Reason for the notification

a)

Position/status

Executive Vice President – Alliances & Strategy

b)

Initial notification/ Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Subsea 7 S.A.

b)

LEI

222100AIF0CBCY80AH62

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument
Identification code

Subsea 7 S.A. Shares



Oslo Børs: SUBC
ISIN LU0075646355

b (i)

Nature of the transaction

Vesting (award) of performance shares

c (i)

Price(s) and volume(s)

Volume: 5,093
Price: NOK 66.5062

d)

Aggregated information

Aggregate volume: 5,093
Aggregate price: NOK 66.5062

e)

Date of the transaction

2020 – 10 – 02 (2 October 2020)

f)

Place of the transaction

Outside a trading venue

Instruments owned by Primary Insider after the transaction completed

Owned Shares: 18,774
Performance Shares: 73,704

Restricted Shares: Nil
Options: Nil


1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Kate Lyne

2

Reason for the notification

a)

Position/status

Executive Vice President – Human Resources

b)

Initial notification/ Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Subsea 7 S.A.

b)

LEI

222100AIF0CBCY80AH62

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument
Identification code

Subsea 7 S.A. Shares



Oslo Børs: SUBC
ISIN LU0075646355

b (i)

Nature of the transaction

Vesting (award) of performance shares

c (i)

Price(s) and volume(s)

Volume: 6,052
Price: NOK 66.5062

b (ii)

Nature of the transaction

Sale of Shares to satisfy tax charge on vesting of performance shares

c (ii)

Price(s) and volume(s)

Volume: 2,862
Price: NOK 66.5062

d)

Aggregated information

Aggregate volume: 4,457
Aggregate price: NOK 66.5062

e)

Date of the transaction

2020 – 10 – 02 (2 October 2020)

f)

Place of the transaction

b(i): Outside a trading venue



b(ii): The Oslo Bors Stock Exchange OSE

Instruments owned by Primary Insider after the transaction completed

Owned Shares: 14,491
Performance Shares: 43,258

Restricted Shares: Nil
Options: Nil


1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Phillip Simons

2

Reason for the notification

a)

Position/status

Executive Vice President – Projects & Operations

b)

Initial notification/ Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Subsea 7 S.A.

b)

LEI

222100AIF0CBCY80AH62

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument
Identification code

Subsea 7 S.A. Shares



Oslo Børs: SUBC
ISIN LU0075646355

b (i)

Nature of the transaction

Vesting (award) of performance shares

c (i)

Price(s) and volume(s)

Volume: 8,600
Price: NOK 66.5062

b (ii)

Nature of the transaction

Sale of Shares to satisfy tax charge on vesting of performance shares

c (ii)

Price(s) and volume(s)

Volume: 4,153
Price: NOK 66.5062

d)

Aggregated information

Aggregate volume: 6,377
Aggregate price: NOK 66.5062

e)

Date of the transaction

2020– 10 – 02 (2 October 2020)

f)

Place of the transaction

b(i): Outside a trading venue



b(ii): The Oslo Bors Stock Exchange OSE

Instruments owned by Primary Insider after the transaction completed

Owned Shares: 4,447
Performance Shares: 58,387

Restricted Shares: Nil
Options: Nil


1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Stephen McNeill

2

Reason for the notification

a)

Position/status

Executive Vice President – Renewables

b)

Initial notification/ Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Subsea 7 S.A.

b)

LEI

222100AIF0CBCY80AH62

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument
Identification code

Subsea 7 S.A. Shares



Oslo Børs: SUBC
ISIN LU0075646355

b (i)

Nature of the transaction

Vesting (award) of performance shares

c (i)

Price(s) and volume(s)

Volume: 9,241
Price: NOK 66.5062

b (ii)

Nature of the transaction

Sale of Shares to satisfy tax charge on vesting of performance shares

c (ii)

Price(s) and volume(s)

Volume: 4,463
Price: NOK 66.5062

d)

Aggregated information

Aggregate volume: 6,852
Aggregate price: NOK 66.5062

e)

Date of the transaction

2020 – 10 – 02 (2 October 2020)

f)

Place of the transaction

b(i): Outside a trading venue



b(ii): The Oslo Bors Stock Exchange OSE

Instruments owned by Primary Insider after the transaction completed

Owned Shares: 4,778
Performance Shares: 58,718

Restricted Shares: Nil
Options: Nil

*********************************************************************************
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 Børs (SUBC), ISIN LU0075646355, LEI 222100AIF0CBCY80AH62.
*********************************************************************************

Contact for investment community enquiries:
Katherine Tonks
Head of Investor Relations
Tel +442082105568
Katherine.Tonks@subsea7.com
www.subsea7.com

Attachment