UK markets closed
  • NIKKEI 225

    28,635.21
    +89.01 (+0.31%)
     
  • HANG SENG

    29,297.53
    -93.77 (-0.32%)
     
  • CRUDE OIL

    52.40
    -0.45 (-0.85%)
     
  • GOLD FUTURES

    1,838.60
    -6.30 (-0.34%)
     
  • DOW

    30,303.17
    -633.83 (-2.05%)
     
  • BTC-GBP

    22,108.39
    -1,649.34 (-6.94%)
     
  • CMC Crypto 200

    615.55
    -24.37 (-3.81%)
     
  • ^IXIC

    13,270.60
    -355.47 (-2.61%)
     
  • ^FTAS

    3,716.37
    -45.27 (-1.20%)
     

Subsea 7 S.A. mandatory notification of share trades

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

Luxembourg – 01 December 2020 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) announces mandatory notification of the following share transaction by a primary insider.

Siem Industries has entered into an OTC Option structure with a total of five legs and the underlying shares being Subsea 7 S.A.(OSE symbol SUBC) shares. The bought Puts for an aggregate of 1,140,600 shares and sold Calls with an aggregate of 836,600 shares, are:

Expiry

Bought Put

Sold Call

Strike price

Underlying shares

Underlying shares

NOK

2020 Dec 18

353,000

-

79

2020 Dec 18

300,000

-

85

2020 Dec 18

-

349,000

94

2020 Dec 18

487,600

487,600

85

These positions have been entered into to offset part of the derivative positions held by the Company with maturity 18 December 2020.

Siem Industries is represented on the Board of Directors of Subsea 7 S.A. by Kristian Siem, Subsea 7’s Chairman.

AFTER THIS NOTIFICATION

Number of Shares owned by Primary Insider

Number of options available to Primary Insider

***********************************************************************
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
Investor Relations Director
Tel +44 20 8210 5568
katherine.tonks@subsea7.com
www.subsea7.com

Attachment