Subsea 7 S.A. Mandatory notification of share trades

Luxembourg – 4 October 2023 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) announces mandatory notification of the following share transactions by primary insiders:

1 Details of the person discharging managerial responsibilities/person closely associated
a) Name John Evans
2 Reason for the notification
a) Position/status Chief Executive Officer
b) Initial notification/ Amendment Initial Notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name Subsea 7 S.A.
b) LEI 222100AIF0CBCY80AH62
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument, type of instrument Identification code Subsea 7 S.A. Shares  Oslo Børs: SUBCISIN LU0075646355
b)1. Nature of the transaction Vesting (award) of shares under the Issuer’s Long Term Incentive Plan (LTIP)
c)1. Price(s) and volume(s) Volume: 14,263   Price: NOK 143.59
b)2. Nature of the transaction Sale of shares to satisfy tax charge on vesting of shares
c)2. Price(s) and volume(s) Volume: 6,731   Price: NOK 143.59
d) Aggregated information   N/A
e) Date of the transaction 2023-10-02 (2 October 2023)
f) Place of the transaction Vesting – Outside a trading venue Sale of Shares – Oslo Børs
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Olivier Blaringhem
2 Reason for the notification
a) Position/status Executive Vice President – Subsea & Conventional
b) Initial notification/ Amendment Initial Notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name Subsea 7 S.A.
b) LEI 222100AIF0CBCY80AH62
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument, type of instrument Identification code Subsea 7 S.A. Shares  Oslo Børs: SUBCISIN LU0075646355
b)1. Nature of the transaction Vesting (award) of shares under the Issuer’s Long Term Incentive Plan (LTIP)
c)1. Price(s) and volume(s) Volume: 7,315   Price: NOK 143.59
b)2. Nature of the transaction Sale of shares to satisfy tax charge on vesting of shares
c)2. Price(s) and volume(s) Volume: 3,452   Price: NOK 143.59
d) Aggregated information   N/A
e) Date of the transaction 2023-10-02 (2 October 2023)
f) Place of the transaction Vesting – Outside a trading venue Sale of Shares – Oslo Børs
1 Details of the person discharging managerial responsibilities/person closely associated  
a) Name Stuart Fitzgerald
2 Reason for the notification
a) Position/status Chief Executive Officer – Seaway 7
b) Initial notification/ Amendment Initial Notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name Subsea 7 S.A.
b) LEI 222100AIF0CBCY80AH62
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument, type of instrument Identification code Subsea 7 S.A. Shares  Oslo Børs: SUBCISIN LU0075646355
b) Nature of the transaction Vesting (award) of shares under the Issuer’s Long Term Incentive Plan (LTIP)
c) Price(s) and volume(s) Volume: 4,722   Price: NOK 148.00
d) Aggregated information   N/A
e) Date of the transaction 2023-10-02 (2 October 2023)
f) Place of the transaction Vesting – Outside a trading venue  
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Nathalie Louys
2 Reason for the notification
a) Position/status General Counsel
b) Initial notification/ Amendment Initial Notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name Subsea 7 S.A.
b) LEI 222100AIF0CBCY80AH62
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument, type of instrument Identification code Subsea 7 S.A. Shares  Oslo Børs: SUBCISIN LU0075646355
b)1. Nature of the transaction Vesting (award) of shares under the Issuer’s Long Term Incentive Plan (LTIP)
c)1. Price(s) and volume(s) Volume: 7,183   Price: NOK 143.59
b)2. Nature of the transaction Sale of shares to satisfy tax charge on vesting of shares
c)2. Price(s) and volume(s) Volume: 3,390   Price: NOK 143.59
d) Aggregated information   N/A
e) Date of the transaction 2023-10-02 (2 October 2023)
f) Place of the transaction Vesting – Outside a trading venue Sale of Shares – Oslo Børs
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Katherine Lyne
2 Reason for the notification
a) Position/status Executive Vice President – Human Resources
b) Initial notification/ Amendment Initial Notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name Subsea 7 S.A.
b) LEI 222100AIF0CBCY80AH62
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument, type of instrument Identification code Subsea 7 S.A. Shares  Oslo Børs: SUBCISIN LU0075646355
b)1. Nature of the transaction Vesting (award) of shares under the Issuer’s Long Term Incentive Plan (LTIP)
c)1. Price(s) and volume(s) Volume: 4,869   Price: NOK 143.59
b)2. Nature of the transaction Sale of shares to satisfy tax charge on vesting of shares
c)2. Price(s) and volume(s) Volume: 2,298   Price: NOK 143.59
d) Aggregated information   N/A
e) Date of the transaction 2023-10-02 (2 October 2023)
f) Place of the transaction Vesting – Outside a trading venue Sale of Shares – Oslo Børs
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Phillip Simons
2 Reason for the notification
a) Position/status Executive Vice President – Projects & Operations
b) Initial notification/ Amendment Initial Notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name Subsea 7 S.A.
b) LEI 222100AIF0CBCY80AH62
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument, type of instrument Identification code Subsea 7 S.A. Shares  Oslo Børs: SUBCISIN LU0075646355
b)1. Nature of the transaction Vesting (award) of shares under the Issuer’s Long Term Incentive Plan (LTIP)
c)1. Price(s) and volume(s) Volume: 6,924   Price: NOK 143.59
b)2. Nature of the transaction Sale of shares to satisfy tax charge on vesting of shares
c)2. Price(s) and volume(s) Volume: 3,407   Price: NOK 143.59
d) Aggregated information   N/A
e) Date of the transaction 2023-10-02 (2 October 2023)
f) Place of the transaction Vesting – Outside a trading venue Sale of Shares – Oslo Børs
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Marcelo Lopes Xavier
2 Reason for the notification
a) Position/status Executive Vice President – Strategy & Sustainability
b) Initial notification/ Amendment Initial Notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name Subsea 7 S.A.
b) LEI 222100AIF0CBCY80AH62
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument, type of instrument Identification code Subsea 7 S.A. Shares  Oslo Børs: SUBCISIN LU0075646355
b)1. Nature of the transaction Vesting (award) of shares under the Issuer’s Long Term Incentive Plan (LTIP)
c)1. Price(s) and volume(s) Volume: 4,736   Price: NOK 143.59
b)2. Nature of the transaction Sale of shares to satisfy tax charge on vesting of shares
c)2. Price(s) and volume(s) Volume: 1,308   Price: NOK 143.59
d) Aggregated information   N/A
e) Date of the transaction 2023-10-02 (2 October 2023)
f) Place of the transaction Vesting – Outside a trading venue Sale of Shares – Oslo Børs

***********************************************************************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 investment community enquiries:Katherine TonksHead of Investor Relations Tel +44 (0)20 8210 5568ir@subsea7.com

This stock exchange release was published by Katherine Tonks, Investor Relations, Subsea7, on 4 October 2023 at 12:30 CET.

 

Attachment

  • SUBC Vesting 2023 04102023
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