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Subsea7 share repurchases

Subsea 7 (Uk Service Co) Ltd
·2-min read

Luxembourg – 21 May 2024 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced transactions made in accordance with its share repurchase programme during the week commencing 13 May 2024.                        

                        
Date on which the share repurchase programme was announced: 25 July 2019, with a two-year extension announced on 19 April 2023.

The duration of the share repurchase programme: until 18 April 2025.                                
                        
In the period from 13 May 2024 until 16 May 2024 Subsea 7 S.A. has repurchased a total of 228,500 own shares at the Oslo Stock Exchange at an average price of NOK 187.2265 per share.

Overview of transactions

Dates

Aggregated daily volume
(number of shares)

Weighted average share price per day
(NOK)

Total daily transaction value (NOK)

13 May 2024

57,500

186.9649

10,750,482

14 May 2024

57,000

188.4012

10,738,868

15 May 2024

57,000

187.0112

10,659,638

16 May 2024

57,000

186.5310

10,632,267

17 May 20241

-

-

-

Previously disclosed

11,325,212

80.9145

916,373,988

Accumulated

11,553,712

83.0171

959,155,244

1Oslo Børs closed

The issuer’s holding of own shares:
Following the completion of the above transactions, Subsea 7 S.A. owns a total of 5,393,304 of its own shares, corresponding to 1.77% of the issued share capital of Subsea 7 S.A. Total shares in issue, including treasury shares, were 304,294,272.                                        
                                        
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.

**************************************************************************
Subsea7 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.

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Subsea7 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
ir@subsea7.com
www.subsea7.com

This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.
This stock exchange release was published by Katherine Tonks, Investor Relations, Subsea7, on 21 May 2024 at 08:00 CET.

Attachments