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Subsea 7 Director's Dealing 2020
6244_dirs_2020-08-24_83c76793-b9aa-4dca-8388-d858b71690d1.pdf
Director's Dealing
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NOTIFICATION TO OSLO STOCK EXCHANGE SIEM INDUSTRIES INC.
Contact: Glenn Pettersen Email: [email protected]
MANDATORY NOTIFICATION OF TRADE - SUBSEA 7 S.A. – PURCHASE OF SHARES
SIEM INDUSTRIES INC. which is represented on the board of Subsea 7 SA by Kristian Siem announces that on Friday, 21 August 2020, it acquired a total of 540,000 shares in Subsea 7 S.A. (OSE symbol SUBC) following the exercise of an existing OTC Option structure, representing a sold Put, with details as follows:
| Date | Exercised Put Underlying shares |
Strike price NOK |
|---|---|---|
| 2020, August 21 | 540,000 | 84 |
Following this transaction, the aggregate number of shares held by Siem Industries Inc. is 73,522,977 which is equal to 25.41% of the Subsea 7 SA share capital. The total number of options available to Siem Industries Inc. is 8,824,000.