SIEM INDUSTRIES INC. which is represented on the board ofSubsea 7 SA byKristian Siem announces that on Friday,21 August 2020 , it acquired a total of 540,000 shares inSubsea 7 S.A. (OSE symbol SUBC) following the exercise of an existing OTC Option structure, representing a sold Put, with details as follows: Date: 2020,August 21 Exercised Put Underlying shares: 540,000 Strike price NOK: 84 Following this transaction, the aggregate number of shares held bySiem Industries Inc. is 73,522,977 which is equal to 25.41% of theSubsea 7 SA share capital. The total number of options available toSiem Industries Inc. is 8,824,000.
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