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Subsea 7 — Director's Dealing 2019
Aug 19, 2019
6244_dirs_2019-08-19_b75e3296-0271-4f66-bd73-716304c6f57b.html
Director's Dealing
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Subsea 7 S.A. mandatory notification of share trades
Subsea 7 S.A. mandatory notification of share trades
Luxembourg - 19 August 2019 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY)
announces mandatory notification of the following share transaction by a primary
insider:
Subsea 7 S.A. mandatory notification of share trades
Luxembourg - 19 August 2019 - 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:
(a) Name and first name(s) of the person making the notification; if
legal person:
Company name and registered office
(b) If the notifying person is a Primary Insider, please specify the
functions within the issuer
(c) 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.
Siem Industries Inc., P.O. Box 309,
South Church Street, George Town,
Grand Cayman, KY1 -1104,
Cayman Islands
Chairman of Siem Industries Inc., Kristian Siem, is the Chairman of the issuer.
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/ 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.
Put and call options on Subsea 7 SA shares
Date of the transaction
16 August 2019
?Place of the transaction
i.e. Any useful information concerning the place of transaction, mainly the
concerned market.
OTC (See further details below)
Negotiated Quantity
See further details below
Price per security
See further details below
Total amount of the transaction (fees excluded)
See further details below
Further details of the transaction
Siem Industries Inc. (the "Company") announces that it has today entered into an
OTC Option structure with a total of 10 legs and the underlying shares being
Subsea 7 S.A. ("SUBC") shares. One leg represents a bought Put for 1,140,000
shares, two of the legs represent bought Calls for an aggregate 698,000 SUBC
shares and seven of the legs represent sold Puts for an aggregate 1,996,000 SUBC
shares with the details as follow:
--------------+------------+------------+--------------+
Expiry Bought Call | Sold Put | Bought Put | Strike price |
| +-------------+------------+------------+--------------+
| | Underlying | Underlying | Underlying | |
| | shares | shares | shares | NOK |
+-------------+-------------+------------+------------+--------------+
| 2019 Aug 16 | | | 1,140,000 | 90 |
+-------------+-------------+------------+------------+--------------+
| 2019 Nov 15 | | 130,000 | | 89 |
+-------------+-------------+------------+------------+--------------+
| 2019 Dec 20 | | 540,000 | | 89 |
+-------------+-------------+------------+------------+--------------+
| 2020 Feb 21 | | 130,000 | | 89 |
+-------------+-------------+------------+------------+--------------+
| 2020 May 15 | | 130,000 | | 89 |
+-------------+-------------+------------+------------+--------------+
| 2020 Aug 21 | | 540,000 | | 84 |
+-------------+-------------+------------+------------+--------------+
| 2020 Dec 18 | | 353,000 | | 79 |
+-------------+-------------+------------+------------+--------------+
| 2020 Dec 18 | 349,000 | | | 94 |
+-------------+-------------+------------+------------+--------------+
| 2021 May 23 | | 173,000 | | 76 |
+-------------+-------------+------------+------------+--------------+
| 2021 May 23 | 349,000 | | | 94 |
+-------------+-------------+------------+------------+--------------+
Siem Industries is represented on the Board of Directors of Subsea 7 S.A. by
Kristian Siem, the Company's Chairman.
Contact for investment community enquiries:
Isabel Green
Investor Relations Director
Tel +44 20 8210 5568
www.subsea7.com