AI assistant
Subsea 7 — Director's Dealing 2020
Aug 24, 2020
6244_mrq_2020-08-24_62f748b7-76d9-416f-a253-b613feefd74f.html
Director's Dealing
Open in viewerOpens in your device viewer
Subsea 7 S.A. mandatory notification of share trades
Subsea 7 S.A. mandatory notification of share trades
Luxembourg - 24 August 2020 - 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: | |
| | |
| | |
| |Siem Industries Inc., P.O. Box 309, |
|(a) Name and first name(s) of the|South Church Street, George Town, |
|person making the notification; if |Grand Cayman, KY1 -1104, |
|legal person: |Cayman Islands |
|Company name and registered office |LEI: 549300N2HGK6EBHM3F03 |
| | |
| | |
| | |
| a. If the notifying person is a |Chairman of Siem Industries Inc. |
| Primary Insider, please specify | |
| the functions within the issuer | |
| | |
| b. If the notifying person is a |Mr. Kristian Siem, is the Chairman of the|
| Close Associate of a Primary |issuer. |
| 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. | |
+------------------------------------+-----------------------------------------+
|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 |Acquisition of shares |
|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. | |
+------------------------------------+-----------------------------------------+
|Date of the transaction |21 August 2020 |
+------------------------------------+-----------------------------------------+
|Place of the transaction i.e. Any | |
|useful information concerning the |OTC |
|place of transaction, mainly the | |
|concerned market. | |
+------------------------------------+-----------------------------------------+
|Negotiated Quantity |540,000 |
+------------------------------------+-----------------------------------------+
|Price per security |NOK 84 |
+------------------------------------+-----------------------------------------+
|Total amount of the transaction |NOK 45,360,000 |
|(fees excluded) | |
| | |
+------------------------------------+-----------------------------------------+
|Further details of the transaction |
| |
| |
| |
|Acquisition of 540,000 shares in Subsea 7 S.A. (OSE symbol SUBC) following the|
|exercise of an existing OTC option structure (sold put). |
|Following this transaction, the total number of share options available to |
|Siem Industries Inc.is for 8,824,000 shares and the aggregate number of shares|
|held by Siem Industries Inc. is at 73,522,977. |
| |
| |
| |
|Siem Industries is represented on the Board of Directors of Subsea 7 S.A. by |
|Mr. Kristian Siem, Subsea 7 S.A.'s Chairman. |
| |
+------------------------------------------------------------------------------+
***********************************************************************
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 Bors (SUBC), ISIN LU0075646355, LEI
222100AIF0CBCY80AH62.
***********************************************************************
Contact for investment community enquiries:
Katherine Tonks
Investor Relations Director
Tel +44 20 8210 5568
www.subsea7.com