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Subsea 7 — Director's Dealing 2017
Sep 22, 2017
6244_rns_2017-09-22_640408e8-06e2-4b07-9d04-02b630a3c21e.html
Director's Dealing
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Subsea 7 S.A. announces details of incentive schemes and share related awards
Subsea 7 S.A. announces details of incentive schemes and share related awards
Luxembourg - 22 September 2017 - Subsea 7 S.A. (Oslo Børs: SUBC,
ADR: SUBCY) (the "Company") in accordance with the Oslo Børs rules,
today announces the details of awards under its 2013 Long-Term
Incentive Plan (the "Plan") approved by the Board on September 21,
The Company will make awards over 1,151,000 performance shares,
subject to the Plan's performance conditions on 22 September 2016.
The following Primary Insiders were awarded performance shares under
the Plan and subsequently hold the following shares and options over
shares:
Jean Cahuzac
Chief Executive Officer
Performance Shares Awarded: 55,000
Total Performance Shares(¹): 234,722
Total Owned Shares: 96,302
Total Options: 100,000
Ricardo Rosa
Chief Financial Officer
Performance Shares Awarded: 32,000
Total Performance Shares(¹): 136,156
Total Owned Shares: 2,179
Total Options: Nil
John Evans
Chief Operating Officer
Performance Shares Awarded: 40,000
Total Performance Shares(¹): 169,107
Total Owned Shares: 32,438
Total Options: Nil
Oeyvind Mikaelsen
EVP - Commercial
Performance Shares Awarded: 40,000
Total Performance Shares(¹): 151,156
Total Owned Shares: 19,508
Total Options: 15,000
Nathalie Louys
General Counsel
Performance Shares Awarded: 20,000
Total Performance Shares(¹): 82,575
Total Owned Shares: 3,814
Total Options: 8,000
Keith Tipson
EVP - Human Resources
Performance Shares Awarded: 20,000
Total Performance Shares(¹): 88,149
Total Owned Shares: 23,363
Total Options: 15,000
¹Total performance shares held include the awards made in 2017 and
represent the maximum award due to vest assuming all performance
conditions are met.
This message is submitted on behalf of the Company and Subsea 7
S.A., as well as the named Primary Insiders.
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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 enquiries:
Isabel Green
Investor Relations Director
Tel +44 (0)20 8210 5568
www.subsea7.com