Subsea7 share repurchases

Luxembourg – 11 March 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 4 March 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 4 March 2024 until 8 March 2024 Subsea 7 S.A. has repurchased a total of 530,843 own shares at the Oslo Stock Exchange at an average price of NOK 159.2956 per share.                                                                                

Overview of transactions
Dates Aggregated daily volume(number of shares) Weighted average share price per day(NOK) Total daily transaction value (NOK)
4 March 2024 127,688 159.8593 20,412,114
5 March 2024 130,000 158.9164 20,659,132
6 March 2024 130,000 158.7277 20,634,601
7 March 2024 88,848 159.8412 14,201,571
8 March 2024 54,307 159.3448 8,653,538
Previously disclosed 10,234,582 71.7645 734,479,419
Accumulated 10,765,425 76.0806 819,040,376
 
The issuer’s holding of own shares:Following the completion of the above transactions, Subsea 7 S.A. owns a total of 4,605,017 of its own shares, corresponding to 1.51% 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 atwww.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.

Subsea7 is listed on the Oslo Børs (SUBC), ISIN LU0075646355, LEI 222100AIF0CBCY80AH62.

**************************************************************************

Contact for enquiries:Katherine TonksHead of Investor RelationsTel +44 20 8210 5568ir@subsea7.comwww.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 11 March 2024 at 08:00 CET.

Attachments

  • SUBC share repurchase 11 Mar 24
  • SUBC Trade Log 11 March 2024
Subsea 7 (TG:SOC)
Gráfica de Acción Histórica
De May 2024 a Jun 2024 Haga Click aquí para más Gráficas Subsea 7.
Subsea 7 (TG:SOC)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024 Haga Click aquí para más Gráficas Subsea 7.