Subsea 7 S.A. Mandatory notification of share trades

Subsea 7 S.A. Mandatory notification of share trades

Luxembourg – 02 October 2019 – 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 Jean Cahuzac
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: SUBC
ISIN LU0075646355

b (i) Nature of the transaction Vesting (award) of performance shares
c (i) Price(s) and volume(s) Volume: 41,141
Price: NOK 92.764524
b (ii) Nature of the transaction Sale of Shares to satisfy tax charge on vesting of performance shares
c (ii) Price(s) and volume(s) Volume: 18,626
Price: NOK 92.764524
d) Aggregated information

 

Aggregate volume: 29,884
Aggregate price: NOK 92.764524
e) Date of the transaction 2019 – 10 – 01 (1 October 2019)
f) Place of the transaction b(i): Outside a trading venue

 

b(ii): The Oslo Bors Stock Exchange OSE

  Instruments owned by Primary Insider after the transaction completed Owned Shares: 151,319
Performance Shares: 149,868

Restricted Shares: Nil
Options: Nil

1 Details of the person discharging managerial responsibilities/person closely associated
a) Name John Evans
2 Reason for the notification
a) Position/status Chief Operating 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: SUBC
ISIN LU0075646355

b (i) Nature of the transaction Vesting (award) of performance shares
c (i) Price(s) and volume(s) Volume: 29,526
Price: NOK 92.764524
b (ii) Nature of the transaction Sale of Shares to satisfy tax charge on vesting of performance shares
c (ii) Price(s) and volume(s) Volume: 13,962
Price: NOK 92.764524
d) Aggregated information

 

Aggregate volume: 21,609
Aggregate price: NOK 92.764524
e) Date of the transaction 2019 – 10 – 01 (1 October 2019)
f) Place of the transaction b(i): Outside a trading venue

 

b(ii): The Oslo Bors Stock Exchange OSE

  Instruments owned by Primary Insider after the transaction completed Owned Shares: 70,610
Performance Shares: 171,683

Restricted Shares: Nil
Options: Nil

1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Ricardo Rosa
2 Reason for the notification
a) Position/status Chief Financial 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: SUBC
ISIN LU0075646355

b (i) Nature of the transaction Vesting (award) of performance shares
c (i) Price(s) and volume(s) Volume: 23,780
Price: NOK 92.764524
b (ii) Nature of the transaction Sale of Shares to satisfy tax charge on vesting of performance shares
c (ii) Price(s) and volume(s) Volume: 11,245
Price: NOK 92.764524
d) Aggregated information

 

Aggregate volume: 17,513
Aggregate price: NOK 92.764524
e) Date of the transaction 2019 – 10 – 01 (1 October 2019)
f) Place of the transaction b(i): Outside a trading venue

 

b(ii): The Oslo Bors Stock Exchange OSE

  Instruments owned by Primary Insider after the transaction completed Owned Shares: 33,460
Performance Shares: 130,307

Restricted Shares: Nil
Options: Nil

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: SUBC
ISIN LU0075646355

b (i) Nature of the transaction Vesting (award) of performance shares
c (i) Price(s) and volume(s) Volume: 14,171
Price: NOK 92.764524
b (ii) Nature of the transaction Sale of Shares to satisfy tax charge on vesting of performance shares
c (ii) Price(s) and volume(s) Volume: 6,701
Price: NOK 92.764524
d) Aggregated information

 

Aggregate volume: 10,436
Aggregate price: NOK 92.764524
e) Date of the transaction 2019 – 10 – 01 (1 October 2019)
f) Place of the transaction b(i): Outside a trading venue

 

b(ii): The Oslo Bors Stock Exchange OSE

  Instruments owned by Primary Insider after the transaction completed Owned Shares: 22,221
Performance Shares: 84,483

Restricted Shares: Nil
Options: Nil

1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Stuart Fitzgerald
2 Reason for the notification
a) Position/status Executive Vice President – Strategy and Commercial
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: SUBC
ISIN LU0075646355

b (i) Nature of the transaction Vesting (award) of performance shares
c (i) Price(s) and volume(s) Volume: 5,736
Price: NOK 92.764524
d) Aggregated information

 

Aggregate volume: 5,736
Aggregate price: NOK 92.764524
e) Date of the transaction 2019 – 10 – 01 (1 October 2019)
f) Place of the transaction Outside a trading venue
  Instruments owned by Primary Insider after the transaction completed Owned Shares: 13,681
Performance Shares: 107,302

Restricted Shares: Nil
Options: Nil

1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Kate 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: SUBC
ISIN LU0075646355

b (i) Nature of the transaction Vesting (award) of performance shares
c (i) Price(s) and volume(s) Volume: 8,412
Price: NOK 92.764524
b (ii) Nature of the transaction Sale of Shares to satisfy tax charge on vesting of performance shares
c (ii) Price(s) and volume(s) Volume: 3,978
Price: NOK 92.764524
d) Aggregated information

 

Aggregate volume: 6,195
Aggregate price: NOK 92.764524
e) Date of the transaction 2019 – 10 – 01 (1 October 2019)
f) Place of the transaction b(i): Outside a trading venue

 

b(ii): The Oslo Bors Stock Exchange OSE

  Instruments owned by Primary Insider after the transaction completed Owned Shares: 11,301
Performance Shares: 58,346

Restricted Shares: Nil
Options: Nil

1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Keith Tipson
2 Reason for the notification
a) Position/status Executive Vice President
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: SUBC
ISIN LU0075646355

b (i) Nature of the transaction Vesting (award) of performance shares
c (i) Price(s) and volume(s) Volume: 15,740
Price: NOK 92.764524
b (ii) Nature of the transaction Sale of Shares to satisfy tax charge on vesting of performance shares
c (ii) Price(s) and volume(s) Volume: 7,443
Price: NOK 92.764524
d) Aggregated information

 

Aggregate volume: 11,592
Aggregate price: NOK 92.764524
e) Date of the transaction 2019 – 10 – 01 (1 October 2019)
f) Place of the transaction b(i): Outside a trading venue

 

b(ii): The Oslo Bors Stock Exchange OSE

  Instruments owned by Primary Insider after the transaction completed Owned Shares: 44,347
Performance Shares: 56,842

Restricted Shares: Nil
Options: Nil

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Subsea 7 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.

Subsea 7 is listed on the Oslo Børs (SUBC), ISIN LU0075646355, LEI 222100AIF0CBCY80AH62.
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Contact for investment community enquiries:
Isabel Green
Investor Relations Director
Tel +44 208 210 5568
[email protected]
www.subsea7.com

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