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Subsea 7 — AGM Information 2014
Jun 4, 2014
6244_iss_2014-06-04_94901728-f3e2-4dad-8b22-0d5aa9ab1599.html
AGM Information
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Subsea 7 S.A AGM Materials published
Subsea 7 S.A AGM Materials published
Dear Shareholder,
The Annual General Meeting of Shareholders of Subsea
7 S.A. (the "Company") will be held
on Friday June 27, 2014 at 3.00 p.m. (local time) at
the registered office of the Company,
412F, route d'Esch, L-2086 Luxembourg.
Due to the fact that the Company is incorporated in
Luxembourg as a Société Anonyme, the
Company's affairs are governed by the provisions of
Luxembourg Company Law. Under these
provisions and the provisions of the Company's
Articles of Incorporation, the Annual General
Meeting will address the matters set out in the
enclosed Notice.
Enclosed with this mailing are the Notice of Annual
General Meeting of Shareholders and the
Proxy Card. The 2013 statutory and consolidated
financial statements of Subsea 7 S.A.
including the Reports of the Board of Directors and
Authorised Statutory Auditor's Reports
are available on the Company's website at:
www.subsea7.com. Shareholders of record at the
close of business on May 27, 2014 will be entitled to
vote at the Meeting.
In light of the Company's continued improvement in
performance, the strength of the
balance sheet and confidence in the outlook for the
industry, the Board of Directors has
decided to propose to shareholders the approval of
the payment of a special dividend of NOK
3.60 per share.
This year's agenda contains an item with respect to
the appointment of Ernst & Young S.A.
as Authorised Statutory Auditor of the Company. This
will be the first time that Ernst &
Young S.A. has been Statutory Auditor for the Company
and their appointment is
recommended by the Board of Directors following a
competitive tender.
The agenda also comprises five items with respect to
the appointment to the Board of five
Directors standing for re-election. The biographies
of the relevant Directors, Mr Kristian
Siem, Sir Peter Mason, Mr Eystein Eriksrud, Mr Jean
Cahuzac and Mr Robert Long are
attached to this letter in Appendix 1.Dear
Shareholder,
The Annual General Meeting of Shareholders of Subsea
7 S.A. (the "Company") will be held
on Friday June 27, 2014 at 3.00 p.m. (local time) at
the registered office of the Company,
412F, route d'Esch, L-2086 Luxembourg.
Due to the fact that the Company is incorporated in
Luxembourg as a Société Anonyme, the
Company's affairs are governed by the provisions of
Luxembourg Company Law. Under these
provisions and the provisions of the Company's
Articles of Incorporation, the Annual General
Meeting will address the matters set out in the
enclosed Notice.
Enclosed with this mailing are the Notice of Annual
General Meeting of Shareholders and the
Proxy Card. The 2013 statutory and consolidated
financial statements of Subsea 7 S.A.
including the Reports of the Board of Directors and
Authorised Statutory Auditor's Reports
are available on the Company's website at:
www.subsea7.com. Shareholders of record at the
close of business on May 27, 2014 will be entitled to
vote at the Meeting.
In light of the Company's continued improvement in
performance, the strength of the
balance sheet and confidence in the outlook for the
industry, the Board of Directors has
decided to propose to shareholders the approval of
the payment of a special dividend of NOK
3.60 per share.
This year's agenda contains an item with respect to
the appointment of Ernst & Young S.A.
as Authorised Statutory Auditor of the Company. This
will be the first time that Ernst &
Young S.A. has been Statutory Auditor for the Company
and their appointment is
recommended by the Board of Directors following a
competitive tender.
The agenda also comprises five items with respect to
the appointment to the Board of five
Directors standing for re-election. The biographies
of the relevant Directors, Mr Kristian
Siem, Sir Peter Mason, Mr Eystein Eriksrud, Mr Jean
Cahuzac and Mr Robert Long are
attached to this letter in Appendix 1.
The deadline for submission of votes for holders of
American Depositary Shares is
Wednesday June 18, 2014 and for holders of Common
Shares is Friday June 20,
If you wish your shares to be voted at the Meeting,
please promptly sign, date and return the
enclosed Proxy Card to ensure that it will be
received in time. If you require further
information or clarification on the above, please
contact our Investor Relations team at
The Company's Board of Directors recommends that you
vote in favour of all
proposals to be considered at the Meeting.
Yours sincerely
Mr. Kristian Siem
Chairman