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Subsea 7 share repurchases

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·2-min read
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Luxembourg – 04 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 27 June 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 27 June 2022 until 01 July 2022 Subsea 7 S.A. has repurchased a total of 282,469 own shares at the Oslo Stock Exchange at an average price of NOK 77.6025 per share.

Overview of transactions

Dates

Aggregated daily volume
(number of shares)

Weighted average share price per day
(NOK)

Total daily transaction value (NOK)

27 June 2022

114,022

77.6383

8,852,474

28 June 2022

 

 

 

29 June 2022

 

 

 

30 June 2022

 

 

 

01 July 2022

168,447

77.5782

13,067,815

Previously disclosed share repurchases under the programme (accumulated)

7,675,000

67.7241

519,782,389

Accumulated under the share repurchase programme

7,957,469

68.0747

541,702,678

 

The issuer’s holding of own shares:
Following the completion of the above transactions, Subsea 7 S.A. owns a total of 8,109,319 of its own shares, corresponding to 2.70% 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

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