Subsea 7 S.A. notification of major holding
05 Abril 2024 - 8:00AM
Subsea 7 S.A. notification of major holding
Luxembourg
– 5 April 2024 – Subsea 7 S.A. (Oslo
Børs: SUBC, ADR: SUBCY) today announced that, on 4 April 2024,
Barclays Capital Securities Limited1 informed the Company that it
recently crossed above a 5% threshold provided for by Luxembourg’s
Transparency Law of 11 January 2008 on transparency requirements
for issuers of securities as amended (the “Transparency Law”).
(i) On 2 April 2024 the total number of
voting rights in the Company according to Article 8 and 9 of the
Transparency Law attached to shares held by Barclays was 21,836
representing less than 0.1% of the voting rights in the Company
(ii) On 2 April 2024 the total number of
voting rights in the Company attached to financial instruments with
similar economic effect according to Article 12 (1) (a) of the
Transparency Law (right to recall) were 14,685,332 representing
4.82% of the voting rights in the Company
(iii) On 2 April 2024 the total number of
voting rights in the Company attached to financial instruments with
similar economic effect according to Article 12 (1) (b) of the
Transparency Law (swaps) were 661,280 representing 0.22% of the
voting rights in the Company
Voting rights attached to the financial
instruments referenced in (i) and (ii) have, when combined, crossed
the 5% threshold at 5.04%. The total of all positions referenced
above equates to 5.05% of the Company’s voting rights.
A copy of the notification received from
Barclays is available on the Subsea7 website www.subsea7.com.
1 A wholly-owned subsidiary of Barclays Plc
*******************************************************************************Subsea7
is a global leader in the delivery of offshore projects and
services for the evolving energy industry, creating 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 TonksInvestor Relations DirectorTel
+44 20 8210 5568ir@subsea7.com
This information 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 5 April 2024 at
16:00 CET
- SUBSEA 7 SA Trade Date 02-04-2024
- SUBC major shareholding disclosure 5 April 2024
Subsea 7 (TG:SOC)
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