UK markets open in 3 hours 57 minutes
  • NIKKEI 225

    28,241.09
    +65.22 (+0.23%)
     
  • HANG SENG

    20,043.65
    -158.29 (-0.78%)
     
  • CRUDE OIL

    89.12
    +0.11 (+0.12%)
     
  • GOLD FUTURES

    1,790.10
    -1.10 (-0.06%)
     
  • DOW

    32,803.47
    +76.67 (+0.23%)
     
  • BTC-GBP

    19,304.73
    +172.83 (+0.90%)
     
  • CMC Crypto 200

    542.89
    +7.66 (+1.43%)
     
  • ^IXIC

    12,657.55
    -63.04 (-0.50%)
     
  • ^FTAS

    4,111.51
    -6.81 (-0.17%)
     

Subsea 7 share repurchases

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
·2-min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

Luxembourg – 25 July 2022 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced transactions made in accordance with its share repurchase programme during the week commencing 18 July 2022.

Date on which the share repurchase programme was announced: 25 July 2019, with a two-year extension announced on 16 April 2021.

The duration of the share repurchase programme: until 14 April 2023.

In the period from 18 July 2022 until 22 July 2022 Subsea 7 S.A. has repurchased a total of 700,060 own shares at the Oslo Stock Exchange at an average price of NOK 77.2283 per share.

Overview of transactions

Dates

Aggregated daily volume
(number of shares)

Weighted average share price per day
(NOK)

Total daily transaction value (NOK)

18 July 2022

177,774

76.7294

13,640,492

19 July 2022

184,566

77.6201

14,326,031

20 July 2022

19,436

77.9385

1,514,813

21 July 2022

190,000

76.9818

14,626,542

22 July 2022

128,284

77.6135

9,956,570

Previously disclosed

9,150,000

69.0802

632,084,105

Accumulated

9,850,060

69.6593

686,148,554

 

The issuer’s holding of own shares:
Following the completion of the above transactions, Subsea 7 S.A. owns a total of 10,001,910 of its own shares, corresponding to 3.33% of the issued share capital of Subsea 7 S.A. Total shares in issue, including treasury shares, were 300,000,000.

 

Appendix:
An overview of all transactions made under the share repurchase programme that have been carried out during the above-mentioned time period is attached to this report and available at
www.newsweb.no.

**************************************************************************
Subsea 7 is a global leader in the delivery of offshore projects and services for the evolving energy industry. We create 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 enquiries:
Katherine Tonks
Head of Investor Relations
Tel +44 20 8210 5568
katherine.tonks@subsea7.com
www.subsea7.com

 

Attachments


Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting