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Subsea 7 — AGM Information 2018
Apr 17, 2018
6244_rns_2018-04-17_2c5e01ac-573d-4b19-907f-9ea532d92ba3.html
AGM Information
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Subsea 7 S.A. 2018 Annual General Meeting and Extraordinary General Meeting
Subsea 7 S.A. 2018 Annual General Meeting and Extraordinary General Meeting
Luxembourg - 17 April 2018 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY, the Company) today announced that at the 2018 Annual General Meeting of shareholders (the "AGM") on 17 April 2018, all resolutions were approved by the shareholders.
In addition, at the Extraordinary General Meeting of shareholders (the "EGM") which also took place on 17 April 2018, the sole resolution relating to the renewal of authorisation for the Board of Directors to issue new shares and to limit or suppress preferential subscription rights, for up to 10% of the issued share capital, was also approved by shareholders.
At the AGM, the payment of a special dividend of NOK 5.00 per common share was approved. The last day the shares will be traded including the right to receive a dividend will be 24 April 2018 and holders of common shares and ADRs on record at the close of business on 26 April 2018 will be entitled to the dividend. The first trading date ex-dividend will be 25 April 2018. The date of payment of the dividend will be 2 May 2018. Due to the Norwegian public holiday on 1 May 2018, there will be two days for corrections and claims following the dividend record date, being one day less than usual.
The minutes of both the AGM and EGM which detail the resolutions passed, the result of the votes cast in relation to each resolution, and the consequential changes to the Company's Articles of Incorporation are attached hereto. The minutes may be inspected at any time at the registered office of the Company and can be found on the Company's website www.subsea7.com.
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Subsea 7 S.A. is a leading global contractor in seabed-to-surface engineering, construction and services to the offshore energy industry. We provide technical solutions to enable the delivery of complex projects in all water depths and challenging environments.
Subsea 7 is listed on the Oslo Bors (SUBC), ISIN LU0075646355.
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Contact for investment community enquiries:
Isabel Green
Investor Relations Director
Tel +44 (0)20 8210 5568
www.subsea7.com