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Subsea 7 S.A. Mandatory notification of share trades

Subsea 7 (Uk Service Co) Ltd
·3-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

Olivier Blaringhem

2

Reason for the notification

a)

Position/status

Executive Vice President – SURF & Conventional

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: 6,908
Price: NOK 65.64

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: 3,236
Price: NOK 65.64

d)

Aggregated information

Aggregate volume: 5,072
Aggregate price: NOK 65.64

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: 14,105
Performance Shares: 62,631

Restricted Shares: Nil
Options: Nil

The following form corrects a previously issued notice relating to Stuart Fitzgerald’s vesting. The correct transaction date is 1 October 2020.

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 66.16

d)

Aggregated information

Aggregate volume: 5,093
Aggregate price: NOK 66.16

e)

Date of the transaction

2020 – 10 – 01 (1 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

*********************************************************************************
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

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