Luxembourg – 14 March 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 7 March 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 7 March 2022 until 11 March 2022 Subsea 7 S.A. has repurchased a total of 427,067 own shares at the Oslo Stock Exchange at an average price of NOK 74.8998 per share.                                                                

Overview of transactions
Dates Aggregated daily volume
(number of shares) 		Weighted average share price per day
(NOK) 		Total daily transaction value (NOK)
07 March 2022 25,415 74.8015 1,901,080
10 March 2022 353,731 74.9121 26,498,732
11 March 2022 47,921 74.8611 3,587,419
Previously disclosed share repurchases under the programme (accumulated) 4,880,140 63.3259 309,039,055
Accumulated under the share repurchase programme 5,307,207 64.2572 341,026,286
 
The issuer’s holding of own shares:
Following the completion of the above transactions, Subsea 7 S.A. owns a total of 5,489,174 of its own shares, corresponding to 1.83% 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.

 

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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.

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Contact for enquiries:
Katherine Tonks
Head of Investor Relations
Tel +44 20 8210 5568
katherine.tonks@subsea7.com
www.subsea7.com

 

Attachments

  • SUBC share repurchase 140322
  • SUBC trade details 140322