Subsea 7 share repurchases

·2 min read

Luxembourg – 29 November 2021 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced transactions made in accordance with its share repurchase programme during the week commencing 22 November 2021. In the period from 22 November until 26 November Subsea 7 S.A. repurchased a total of 1,109,115 own shares at the Oslo Stock Exchange at an average price of NOK 68.0678 per share.

Date on which the share repurchase programme was announced: 25 July 2019, with a two-year extension announced on 16 April 2021.

The duration of the share repurchase programme: until 14 April 2023.

Overview of transactions

Dates

Aggregated daily volume
(number of shares)

Weighted average share price per day
(NOK)

Total daily transaction value (NOK)

22 November 2021

220,000

67.5300

14,856,600

23 November 2021

239,000

69.0235

16,496,617

24 November 2021

236,309

69.1974

16,351,968

25 November 2021

170,806

69.2936

11,835,763

26 November 2021

243,000

65.6545

15,954,044

Previously disclosed share repurchases under the programme (accumulated)

1,832,968

57.5137

105,420,762

Accumulated under the share repurchase programme

2,942,083

61.4924

180,915,753

The issuer’s holding of own shares:
Following the completion of the above transactions, Subsea 7 S.A. owns a total of 3,124,050 of its own shares, corresponding to 1.04% of the issued share capital of Subsea 7 S.A. Total shares in issue, including treasury shares, were 300,000,000.



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.

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Subsea 7 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.

Subsea 7 is listed on the Oslo Børs (SUBC), ISIN LU0075646355, LEI 222100AIF0CBCY80AH62.

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Contact for enquiries:
Katherine Tonks
Head of Investor Relations
Tel +44 20 8210 5568
katherine.tonks@subsea7.com
www.subsea7.com

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