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Subsea 7 — Director's Dealing 2021
May 25, 2021
6244_mrq_2021-05-25_6003f136-21cc-4239-8d0b-7a8688f70786.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 - 25 May 2021 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) announces
mandatory notification of the following share transaction by a primary insider:
+--+---------------------------------------------------------------------------+
|1 |Details of the person discharging managerial responsibilities/person |
| |closely associated |
+--+-----------------------------------+---------------------------------------+
|a)|Name |Siem Industries S.A., P.O. Box 309, |
| | |South Church Street, George Town, Grand|
| | |Cayman, KY1-1104, Cayman Islands |
+--+-----------------------------------+---------------------------------------+
|2 |Reason for the notification |
+--+-----------------------------------+---------------------------------------+
|a)|Position/status |Chairman of Siem Industries S.A., Mr. |
| | |Kristian Siem, is the Chairman of the |
| | |Issuer |
+--+-----------------------------------+---------------------------------------+
|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 |Shares |
| |instrument, type of instrument | |
| |Identification code | |
| | |LU0075646355 |
+--+-----------------------------------+---------------------------------------+
|b)|Nature of the transaction |Purchase of shares |
+--+-----------------------------------+---------------------------------------+
|c)|Price(s) and volume(s) |Volume: 306,000 |
| | |Price: NOK 81.08 |
+--+-----------------------------------+---------------------------------------+
|d)|Aggregated information |Volume: 306,000 |
| | |Price: NOK 81.08 |
+--+-----------------------------------+---------------------------------------+
|e)|Date of the transaction |2021-05-21 |
+--+-----------------------------------+---------------------------------------+
|f)|Place of the transaction |Oslo Børs |
+--+-----------------------------------+---------------------------------------+
Further information
Siem Industries S.A. which is represented on the board of Subsea 7 S.A. by
Kristian Siem announced that on 21 May 2021, it purchased 306,000 shares in
Subsea 7 S.A. (OSE symbol SUBC), at a price of NOK81.08 per share following the
part exercise of an existing OTC option structure, representing a sold Put.
Following this transaction, the aggregate number of shares held by Siem
Industries SA. in Subsea 7 S.A. is 69,341,377.
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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.
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Contact for investment community enquiries:
Katherine Tonks
Investor Relations Director
Tel +44 20 8210 5568
www.subsea7.com