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Subsea 7 — Director's Dealing 2020
Oct 5, 2020
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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 - 05 October 2020 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY)
announces mandatory notification of the following share transactions by primary
insiders:
+------+-----------------------------------------------------------------------+
|1 |Details of the person discharging managerial responsibilities/person |
| |closely associated |
+------+---------------------------------+-------------------------------------+
|a) |Name |Jean Cahuzac |
+------+---------------------------------+-------------------------------------+
|2 |Reason for the notification |
+------+---------------------------------+-------------------------------------+
|a) |Position/status |Non-Executive Director |
+------+---------------------------------+-------------------------------------+
|b) |Initial notification/ Amendment |Initial Notification |
+------+---------------------------------+-------------------------------------+
|3 |Details of the issuer, emission allowance market participant, auction |
| |platform, auctioneer or auction monitor |
+------+---------------------------------+-------------------------------------+
|a) |Name |Subsea 7 S.A. |
+------+---------------------------------+-------------------------------------+
|b) |LEI |222100AIF0CBCY80AH62 |
+------+---------------------------------+-------------------------------------+
|4 |Details of the transaction(s): section to be repeated for (i) each type|
| |of instrument; (ii) each type of transaction; (iii) each date; and (iv)|
| |each place where transactions have been conducted |
+------+---------------------------------+-------------------------------------+
|a) |Description of the financial |Subsea 7 S.A. Shares |
| |instrument, type of instrument | |
| |Identification code | |
| | | |
| | |Oslo Børs: SUBC |
| | |ISIN LU0075646355 |
+------+---------------------------------+-------------------------------------+
|b (i) |Nature of the transaction |Vesting (award) of performance shares|
+------+---------------------------------+-------------------------------------+
|c (i) |Price(s) and volume(s) |Volume: 13,585 |
| | |Price: NOK 66.5062 |
+------+---------------------------------+-------------------------------------+
|b (ii)|Nature of the transaction |Sale of Shares to satisfy tax charge |
| | |on vesting of performance shares |
+------+---------------------------------+-------------------------------------+
|c (ii)|Price(s) and volume(s) |Volume: 6,014 |
| | |Price: NOK 66.5062 |
+------+---------------------------------+-------------------------------------+
|d) |Aggregated information |Aggregate volume: 9,800 |
| | |Aggregate price: NOK 66.5062 |
+------+---------------------------------+-------------------------------------+
|e) |Date of the transaction |2020 - 10 - 02 (2 October 2020) |
+------+---------------------------------+-------------------------------------+
|f) |Place of the transaction |b(i): Outside a trading venue |
| | | |
| | | |
| | | |
| | |b(ii): The Oslo Bors Stock Exchange|
| | |OSE |
+------+---------------------------------+-------------------------------------+
| |Instruments owned by Primary |Owned Shares: 178,042 |
| |Insider after the transaction |Performance Shares: 60,000 |
| |completed | |
| | |Restricted Shares: Nil |
| | |Options: Nil |
+------+---------------------------------+-------------------------------------+
+------+-----------------------------------------------------------------------+
|1 |Details of the person discharging managerial responsibilities/person |
| |closely associated |
+------+---------------------------------+-------------------------------------+
|a) |Name |John Evans |
+------+---------------------------------+-------------------------------------+
|2 |Reason for the notification |
+------+---------------------------------+-------------------------------------+
|a) |Position/status |Chief Executive Officer |
+------+---------------------------------+-------------------------------------+
|b) |Initial notification/ Amendment |Initial Notification |
+------+---------------------------------+-------------------------------------+
|3 |Details of the issuer, emission allowance market participant, auction |
| |platform, auctioneer or auction monitor |
+------+---------------------------------+-------------------------------------+
|a) |Name |Subsea 7 S.A. |
+------+---------------------------------+-------------------------------------+
|b) |LEI |222100AIF0CBCY80AH62 |
+------+---------------------------------+-------------------------------------+
|4 |Details of the transaction(s): section to be repeated for (i) each type|
| |of instrument; (ii) each type of transaction; (iii) each date; and (iv)|
| |each place where transactions have been conducted |
+------+---------------------------------+-------------------------------------+
|a) |Description of the financial |Subsea 7 S.A. Shares |
| |instrument, type of instrument | |
| |Identification code | |
| | | |
| | |Oslo Børs: SUBC |
| | |ISIN LU0075646355 |
+------+---------------------------------+-------------------------------------+
|b (i) |Nature of the transaction |Vesting (award) of performance shares|
+------+---------------------------------+-------------------------------------+
|c (i) |Price(s) and volume(s) |Volume: 21,367 |
| | |Price: NOK 66.5062 |
+------+---------------------------------+-------------------------------------+
|b (ii)|Nature of the transaction |Sale of Shares to satisfy tax charge |
| | |on vesting of performance shares |
+------+---------------------------------+-------------------------------------+
|c (ii)|Price(s) and volume(s) |Volume: 10,104 |
| | |Price: NOK 66.5062 |
+------+---------------------------------+-------------------------------------+
|d) |Aggregated information |Aggregate volume: 15,736 |
| | |Aggregate price: NOK 66.5062 |
+------+---------------------------------+-------------------------------------+
|e) |Date of the transaction |2020 - 10 - 02 (2 October 2020) |
+------+---------------------------------+-------------------------------------+
|f) |Place of the transaction |b(i): Outside a trading venue |
| | | |
| | | |
| | | |
| | |b(ii): The Oslo Bors Stock Exchange |
| | |OSE |
+------+---------------------------------+-------------------------------------+
| |Instruments owned by Primary |Owned Shares: 81,873 |
| |Insider after the transaction |Performance Shares: 120,196 |
| |completed | |
| | |Restricted Shares: Nil |
| | |Options: Nil |
+------+---------------------------------+-------------------------------------+
+------+-----------------------------------------------------------------------+
|1 |Details of the person discharging managerial responsibilities/person |
| |closely associated |
+------+---------------------------------+-------------------------------------+
|a) |Name |Ricardo Rosa |
+------+---------------------------------+-------------------------------------+
|2 |Reason for the notification |
+------+---------------------------------+-------------------------------------+
|a) |Position/status |Chief Financial Officer |
+------+---------------------------------+-------------------------------------+
|b) |Initial notification/ Amendment |Initial Notification |
+------+---------------------------------+-------------------------------------+
|3 |Details of the issuer, emission allowance market participant, auction |
| |platform, auctioneer or auction monitor |
+------+---------------------------------+-------------------------------------+
|a) |Name |Subsea 7 S.A. |
+------+---------------------------------+-------------------------------------+
|b) |LEI |222100AIF0CBCY80AH62 |
+------+---------------------------------+-------------------------------------+
|4 |Details of the transaction(s): section to be repeated for (i) each type|
| |of instrument; (ii) each type of transaction; (iii) each date; and (iv)|
| |each place where transactions have been conducted |
+------+---------------------------------+-------------------------------------+
|a) |Description of the financial |Subsea 7 S.A. Shares |
| |instrument, type of instrument | |
| |Identification code | |
| | | |
| | |Oslo Børs: SUBC |
| | |ISIN LU0075646355 |
+------+---------------------------------+-------------------------------------+
|b (i) |Nature of the transaction |Vesting (award) of performance shares|
+------+---------------------------------+-------------------------------------+
|c (i) |Price(s) and volume(s) |Volume: 16,855 |
| | |Price: NOK 66.5062 |
+------+---------------------------------+-------------------------------------+
|b (ii)|Nature of the transaction |Sale of Shares to satisfy tax charge |
| | |on vesting of performance shares |
+------+---------------------------------+-------------------------------------+
|c (ii)|Price(s) and volume(s) |Volume: 7,970 |
| | |Price: NOK 66.5062 |
+------+---------------------------------+-------------------------------------+
|d) |Aggregated information |Aggregate volume: 12, 413 |
| | |Aggregate price: NOK 66.5062 |
+------+---------------------------------+-------------------------------------+
|e) |Date of the transaction |2020- 10 - 02 (2 October 2020) |
+------+---------------------------------+-------------------------------------+
|f) |Place of the transaction |b(i): Outside a trading venue |
| | | |
| | | |
| | | |
| | |b(ii): The Oslo Bors Stock Exchange |
| | |OSE |
+------+---------------------------------+-------------------------------------+
| |Instruments owned by Primary |Owned Shares: 42,345 |
| |Insider after the transaction |Performance Shares: 89,356 |
| |completed | |
| | |Restricted Shares: Nil |
| | |Options: Nil |
+------+---------------------------------+-------------------------------------+
+------+-----------------------------------------------------------------------+
|1 |Details of the person discharging managerial responsibilities/person |
| |closely associated |
+------+---------------------------------+-------------------------------------+
|a) |Name |Nathalie Louys |
+------+---------------------------------+-------------------------------------+
|2 |Reason for the notification |
+------+---------------------------------+-------------------------------------+
|a) |Position/status |General Counsel |
+------+---------------------------------+-------------------------------------+
|b) |Initial notification/ Amendment |Initial Notification |
+------+---------------------------------+-------------------------------------+
|3 |Details of the issuer, emission allowance market participant, auction |
| |platform, auctioneer or auction monitor |
+------+---------------------------------+-------------------------------------+
|a) |Name |Subsea 7 S.A. |
+------+---------------------------------+-------------------------------------+
|b) |LEI |222100AIF0CBCY80AH62 |
+------+---------------------------------+-------------------------------------+
|4 |Details of the transaction(s): section to be repeated for (i) each type|
| |of instrument; (ii) each type of transaction; (iii) each date; and (iv)|
| |each place where transactions have been conducted |
+------+---------------------------------+-------------------------------------+
|a) |Description of the financial |Subsea 7 S.A. Shares |
| |instrument, type of instrument | |
| |Identification code | |
| | | |
| | |Oslo Børs: SUBC |
| | |ISIN LU0075646355 |
+------+---------------------------------+-------------------------------------+
|b (i) |Nature of the transaction |Vesting (award) of performance shares|
+------+---------------------------------+-------------------------------------+
|c (i) |Price(s) and volume(s) |Volume: 10,325 |
| | |Price: NOK 66.5062 |
+------+---------------------------------+-------------------------------------+
|b (ii)|Nature of the transaction |Sale of Shares to satisfy tax charge |
| | |on vesting of performance shares |
+------+---------------------------------+-------------------------------------+
|c (ii)|Price(s) and volume(s) |Volume: 4,883 |
| | |Price: NOK 66.5062 |
+------+---------------------------------+-------------------------------------+
|d) |Aggregated information |Aggregate volume: 7,604 |
| | |Aggregate price: NOK 66.5062 |
+------+---------------------------------+-------------------------------------+
|e) |Date of the transaction |2020 - 10 - 02 (2 October 2020) |
+------+---------------------------------+-------------------------------------+
|f) |Place of the transaction |b(i): Outside a trading venue |
| | | |
| | | |
| | | |
| | |b(ii): The Oslo Bors Stock Exchange |
| | |OSE |
+------+---------------------------------+-------------------------------------+
| |Instruments owned by Primary |Owned Shares: 27,663 |
| |Insider after the transaction |Performance Shares: 59,098 |
| |completed | |
| | |Restricted Shares: Nil |
| | |Options: Nil |
+------+---------------------------------+-------------------------------------+
+-----+------------------------------------------------------------------------+
|1 |Details of the person discharging managerial responsibilities/person |
| |closely associated |
+-----+---------------------------------+--------------------------------------+
|a) |Name |Stuart Fitzgerald |
+-----+---------------------------------+--------------------------------------+
|2 |Reason for the notification |
+-----+---------------------------------+--------------------------------------+
|a) |Position/status |Executive Vice President - Alliances &|
| | |Strategy |
+-----+---------------------------------+--------------------------------------+
|b) |Initial notification/ Amendment |Initial Notification |
+-----+---------------------------------+--------------------------------------+
|3 |Details of the issuer, emission allowance market participant, auction |
| |platform, auctioneer or auction monitor |
+-----+---------------------------------+--------------------------------------+
|a) |Name |Subsea 7 S.A. |
+-----+---------------------------------+--------------------------------------+
|b) |LEI |222100AIF0CBCY80AH62 |
+-----+---------------------------------+--------------------------------------+
|4 |Details of the transaction(s): section to be repeated for (i) each type |
| |of instrument; (ii) each type of transaction; (iii) each date; and (iv) |
| |each place where transactions have been conducted |
+-----+---------------------------------+--------------------------------------+
|a) |Description of the financial |Subsea 7 S.A. Shares |
| |instrument, type of instrument | |
| |Identification code | |
| | | |
| | |Oslo Børs: SUBC |
| | |ISIN LU0075646355 |
+-----+---------------------------------+--------------------------------------+
|b (i)|Nature of the transaction |Vesting (award) of performance shares |
+-----+---------------------------------+--------------------------------------+
|c (i)|Price(s) and volume(s) |Volume: 5,093 |
| | |Price: NOK 66.5062 |
+-----+---------------------------------+--------------------------------------+
|d) |Aggregated information |Aggregate volume: 5,093 |
| | |Aggregate price: NOK 66.5062 |
+-----+---------------------------------+--------------------------------------+
|e) |Date of the transaction |2020 - 10 - 02 (2 October 2020) |
+-----+---------------------------------+--------------------------------------+
|f) |Place of the transaction |Outside a trading venue |
+-----+---------------------------------+--------------------------------------+
| |Instruments owned by Primary |Owned Shares: 18,774 |
| |Insider after the transaction |Performance Shares: 73,704 |
| |completed | |
| | |Restricted Shares: Nil |
| | |Options: Nil |
+-----+---------------------------------+--------------------------------------+
+------+-----------------------------------------------------------------------+
|1 |Details of the person discharging managerial responsibilities/person |
| |closely associated |
+------+---------------------------------+-------------------------------------+
|a) |Name |Kate Lyne |
+------+---------------------------------+-------------------------------------+
|2 |Reason for the notification |
+------+---------------------------------+-------------------------------------+
|a) |Position/status |Executive Vice President - Human |
| | |Resources |
+------+---------------------------------+-------------------------------------+
|b) |Initial notification/ Amendment |Initial Notification |
+------+---------------------------------+-------------------------------------+
|3 |Details of the issuer, emission allowance market participant, auction |
| |platform, auctioneer or auction monitor |
+------+---------------------------------+-------------------------------------+
|a) |Name |Subsea 7 S.A. |
+------+---------------------------------+-------------------------------------+
|b) |LEI |222100AIF0CBCY80AH62 |
+------+---------------------------------+-------------------------------------+
|4 |Details of the transaction(s): section to be repeated for (i) each type|
| |of instrument; (ii) each type of transaction; (iii) each date; and (iv)|
| |each place where transactions have been conducted |
+------+---------------------------------+-------------------------------------+
|a) |Description of the financial |Subsea 7 S.A. Shares |
| |instrument, type of instrument | |
| |Identification code | |
| | | |
| | |Oslo Børs: SUBC |
| | |ISIN LU0075646355 |
+------+---------------------------------+-------------------------------------+
|b (i) |Nature of the transaction |Vesting (award) of performance shares|
+------+---------------------------------+-------------------------------------+
|c (i) |Price(s) and volume(s) |Volume: 6,052 |
| | |Price: NOK 66.5062 |
+------+---------------------------------+-------------------------------------+
|b (ii)|Nature of the transaction |Sale of Shares to satisfy tax charge |
| | |on vesting of performance shares |
+------+---------------------------------+-------------------------------------+
|c (ii)|Price(s) and volume(s) |Volume: 2,862 |
| | |Price: NOK 66.5062 |
+------+---------------------------------+-------------------------------------+
|d) |Aggregated information |Aggregate volume: 4,457 |
| | |Aggregate price: NOK 66.5062 |
+------+---------------------------------+-------------------------------------+
|e) |Date of the transaction |2020 - 10 - 02 (2 October 2020) |
+------+---------------------------------+-------------------------------------+
|f) |Place of the transaction |b(i): Outside a trading venue |
| | | |
| | | |
| | | |
| | |b(ii): The Oslo Bors Stock Exchange |
| | |OSE |
+------+---------------------------------+-------------------------------------+
| |Instruments owned by Primary |Owned Shares: 14,491 |
| |Insider after the transaction |Performance Shares: 43,258 |
| |completed | |
| | |Restricted Shares: Nil |
| | |Options: Nil |
+------+---------------------------------+-------------------------------------+
+------+-----------------------------------------------------------------------+
|1 |Details of the person discharging managerial responsibilities/person |
| |closely associated |
+------+---------------------------------+-------------------------------------+
|a) |Name |Phillip Simons |
+------+---------------------------------+-------------------------------------+
|2 |Reason for the notification |
+------+---------------------------------+-------------------------------------+
|a) |Position/status |Executive Vice President - Projects &|
| | |Operations |
+------+---------------------------------+-------------------------------------+
|b) |Initial notification/ Amendment |Initial Notification |
+------+---------------------------------+-------------------------------------+
|3 |Details of the issuer, emission allowance market participant, auction |
| |platform, auctioneer or auction monitor |
+------+---------------------------------+-------------------------------------+
|a) |Name |Subsea 7 S.A. |
+------+---------------------------------+-------------------------------------+
|b) |LEI |222100AIF0CBCY80AH62 |
+------+---------------------------------+-------------------------------------+
|4 |Details of the transaction(s): section to be repeated for (i) each type|
| |of instrument; (ii) each type of transaction; (iii) each date; and (iv)|
| |each place where transactions have been conducted |
+------+---------------------------------+-------------------------------------+
|a) |Description of the financial |Subsea 7 S.A. Shares |
| |instrument, type of instrument | |
| |Identification code | |
| | | |
| | |Oslo Børs: SUBC |
| | |ISIN LU0075646355 |
+------+---------------------------------+-------------------------------------+
|b (i) |Nature of the transaction |Vesting (award) of performance shares|
+------+---------------------------------+-------------------------------------+
|c (i) |Price(s) and volume(s) |Volume: 8,600 |
| | |Price: NOK 66.5062 |
+------+---------------------------------+-------------------------------------+
|b (ii)|Nature of the transaction |Sale of Shares to satisfy tax charge |
| | |on vesting of performance shares |
+------+---------------------------------+-------------------------------------+
|c (ii)|Price(s) and volume(s) |Volume: 4,153 |
| | |Price: NOK 66.5062 |
+------+---------------------------------+-------------------------------------+
|d) |Aggregated information |Aggregate volume: 6,377 |
| | |Aggregate price: NOK 66.5062 |
+------+---------------------------------+-------------------------------------+
|e) |Date of the transaction |2020- 10 - 02 (2 October 2020) |
+------+---------------------------------+-------------------------------------+
|f) |Place of the transaction |b(i): Outside a trading venue |
| | | |
| | | |
| | | |
| | |b(ii): The Oslo Bors Stock Exchange |
| | |OSE |
+------+---------------------------------+-------------------------------------+
| |Instruments owned by Primary |Owned Shares: 4,447 |
| |Insider after the transaction |Performance Shares: 58,387 |
| |completed | |
| | |Restricted Shares: Nil |
| | |Options: Nil |
+------+---------------------------------+-------------------------------------+
+------+-----------------------------------------------------------------------+
|1 |Details of the person discharging managerial responsibilities/person |
| |closely associated |
+------+---------------------------------+-------------------------------------+
|a) |Name |Stephen McNeill |
+------+---------------------------------+-------------------------------------+
|2 |Reason for the notification |
+------+---------------------------------+-------------------------------------+
|a) |Position/status |Executive Vice President - Renewables|
+------+---------------------------------+-------------------------------------+
|b) |Initial notification/ Amendment |Initial Notification |
+------+---------------------------------+-------------------------------------+
|3 |Details of the issuer, emission allowance market participant, auction |
| |platform, auctioneer or auction monitor |
+------+---------------------------------+-------------------------------------+
|a) |Name |Subsea 7 S.A. |
+------+---------------------------------+-------------------------------------+
|b) |LEI |222100AIF0CBCY80AH62 |
+------+---------------------------------+-------------------------------------+
|4 |Details of the transaction(s): section to be repeated for (i) each type|
| |of instrument; (ii) each type of transaction; (iii) each date; and (iv)|
| |each place where transactions have been conducted |
+------+---------------------------------+-------------------------------------+
|a) |Description of the financial |Subsea 7 S.A. Shares |
| |instrument, type of instrument | |
| |Identification code | |
| | | |
| | |Oslo Børs: SUBC |
| | |ISIN LU0075646355 |
+------+---------------------------------+-------------------------------------+
|b (i) |Nature of the transaction |Vesting (award) of performance shares|
+------+---------------------------------+-------------------------------------+
|c (i) |Price(s) and volume(s) |Volume: 9,241 |
| | |Price: NOK 66.5062 |
+------+---------------------------------+-------------------------------------+
|b (ii)|Nature of the transaction |Sale of Shares to satisfy tax charge |
| | |on vesting of performance shares |
+------+---------------------------------+-------------------------------------+
|c (ii)|Price(s) and volume(s) |Volume: 4,463 |
| | |Price: NOK 66.5062 |
+------+---------------------------------+-------------------------------------+
|d) |Aggregated information |Aggregate volume: 6,852 |
| | |Aggregate price: NOK 66.5062 |
+------+---------------------------------+-------------------------------------+
|e) |Date of the transaction |2020 - 10 - 02 (2 October 2020) |
+------+---------------------------------+-------------------------------------+
|f) |Place of the transaction |b(i): Outside a trading venue |
| | | |
| | | |
| | | |
| | |b(ii): The Oslo Bors Stock Exchange |
| | |OSE |
+------+---------------------------------+-------------------------------------+
| |Instruments owned by Primary |Owned Shares: 4,778 |
| |Insider after the transaction |Performance Shares: 58,718 |
| |completed | |
| | |Restricted Shares: Nil |
| | |Options: Nil |
+------+---------------------------------+-------------------------------------+
*********************************************************************************
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 Børs (SUBC), ISIN LU0075646355, LEI
222100AIF0CBCY80AH62.
*********************************************************************************
Contact for investment community enquiries:
Katherine Tonks
Head of Investor Relations
Tel +442082105568
[email protected] (mailto:[email protected])
www.subsea7.com (http://www.subsea7.com)