Subsea7 share repurchases

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 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.

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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 21 May 2024 at 08:00 CET.

Attachments

  • SUBC share repurchase 21 May 24
  • SUBC trade log 21 May 2024
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