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2020-05-18 08:00:02
Luxembourg - 18 May 2020 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) announces mandatory notification of the following share transaction by a primary insider: +------------------------------------+-----------------------------------------+ |Identification of the Notifying | | |Person: | | | | | | | | | |Siem Industries Inc., P.O. Box 309, South| |(a) Name and first name(s) of the |Church Street, George Town, Grand Cayman,| |person making the notification; if |KY1-1104, Cayman Islands | |legal person: |LEI: 549300N2HGK6EBHM3F03 | |Company name and registered office | | | | | | | | | |Chairman of Siem Industries Inc., Mr. | | a. If the notifying person is a |Kristian Siem, is the Chairman of the | | Primary Insider, please specify |issuer. | | the functions within the issuer | | | | | | b. If the notifying person is a | | | Close Associate of a Primary | | | Insider please indicate "one of | | | the persons closely associated | | | with" and the name, first name | | | and functions of the person with| | | whom they are closely | | | associated. | | +------------------------------------+-----------------------------------------+ |Name of the issuer |Subsea 7 S.A. | +------------------------------------+-----------------------------------------+ |Reason for notification |Mandatory notification of trade | +------------------------------------+-----------------------------------------+ |Description of the financial | | |instrument |Shares | +------------------------------------+-----------------------------------------+ |Nature of the transaction: | | |? Acquisition - i.e. a purchase/ |Acquisition of shares | |any other transaction the purpose of| | |which is the | | |acquisition of financial | | |instruments. | | |? Disposal - i.e. a sale/ any other| | |transaction the purpose of which is | | |the transfer of financial | | |instruments. | | +------------------------------------+-----------------------------------------+ |Date of the transaction |15 May 2020 | +------------------------------------+-----------------------------------------+ |Place of the transaction i.e. Any | | |useful information concerning the | | |place of transaction, mainly the | | |concerned market. |OTC | +------------------------------------+-----------------------------------------+ | | Transaction 1: 1,140,000 shares | |Negotiated Quantity |Transaction 2: 130,000 shares | +------------------------------------+-----------------------------------------+ | |Transaction 1: NOK 90 | |Price per security |Transaction 2: NOK 89 | +------------------------------------+-----------------------------------------+ | Total amount of the transaction| | |(fees excluded) | | | |(see further details below) | +------------------------------------+-----------------------------------------+ | Further details of the transaction | | | | | | | |Aggregated volume: 1,270,000 shares | |Weighted average price: NOK89.898 | | | | | | | |Acquisition of a total of 1,270,000 shares in Subsea 7 S.A. (OSE symbol SUBC)| |following the exercise of two legs of an existing OTC Option structure. Both| |legs represent sold Puts. | | | | | | | |Following this transaction, the total number of share options available to| |Siem Industries Inc.is for 9,364,000 shares and the aggregate number of shares| |held by Siem Industries Inc. is 72,982,977. | | | | | | | |Siem Industries is represented on the Board of Directors of Subsea 7 S.A. by| |Mr. Kristian Siem, Subsea 7 S.A.'s Chairman. | | | +------------------------------------------------------------------------------+ *********************************************************************** 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 Bors (SUBC), ISIN LU0075646355, LEI 222100AIF0CBCY80AH62. *********************************************************************** Contact for investment community enquiries: Katherine Tonks Investor Relations Director Tel +44 20 8210 5568 katherine.tonks@subsea7.com www.subsea7.com