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Subsea 7 — Director's Dealing 2023
Oct 4, 2023
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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 - 4 October 2023 - 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 |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)1.|Nature of the transaction |Vesting (award) of shares under the |
| | |Issuer's Long Term Incentive Plan |
| | |(LTIP) |
+----+----------------------------------+--------------------------------------+
|c)1.|Price(s) and volume(s) |Volume: 14,263 |
| | | |
| | | |
| | |Price: NOK 143.59 |
+----+----------------------------------+--------------------------------------+
|b)2.|Nature of the transaction |Sale of shares to satisfy tax charge |
| | |on vesting of shares |
+----+----------------------------------+--------------------------------------+
|c)2.|Price(s) and volume(s) |Volume: 6,731 |
| | | |
| | | |
| | |Price: NOK 143.59 |
+----+----------------------------------+--------------------------------------+
|d) |Aggregated information | |
| | |N/A |
+----+----------------------------------+--------------------------------------+
|e) |Date of the transaction |2023-10-02 (2 October 2023) |
+----+----------------------------------+--------------------------------------+
|f) |Place of the transaction |Vesting - Outside a trading venue |
| | |Sale of Shares - Oslo Børs |
+----+----------------------------------+--------------------------------------+
+----+-------------------------------------------------------------------------+
|1 |Details of the person discharging managerial responsibilities/person |
| |closely associated |
+----+----------------------------------+--------------------------------------+
|a) |Name |Olivier Blaringhem |
+----+----------------------------------+--------------------------------------+
|2 |Reason for the notification |
+----+----------------------------------+--------------------------------------+
|a) |Position/status |Executive Vice President - Subsea &|
| | |Conventional |
+----+----------------------------------+--------------------------------------+
|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)1.|Nature of the transaction |Vesting (award) of shares under the |
| | |Issuer's Long Term Incentive Plan |
| | |(LTIP) |
+----+----------------------------------+--------------------------------------+
|c)1.|Price(s) and volume(s) |Volume: 7,315 |
| | | |
| | | |
| | |Price: NOK 143.59 |
+----+----------------------------------+--------------------------------------+
|b)2.|Nature of the transaction |Sale of shares to satisfy tax charge |
| | |on vesting of shares |
+----+----------------------------------+--------------------------------------+
|c)2.|Price(s) and volume(s) |Volume: 3,452 |
| | | |
| | | |
| | |Price: NOK 143.59 |
+----+----------------------------------+--------------------------------------+
|d) |Aggregated information | |
| | |N/A |
+----+----------------------------------+--------------------------------------+
|e) |Date of the transaction |2023-10-02 (2 October 2023) |
+----+----------------------------------+--------------------------------------+
|f) |Place of the transaction |Vesting - Outside a trading venue |
| | |Sale of Shares - Oslo Børs |
+----+----------------------------------+--------------------------------------+
+--+---------------------------------------------------------------------------+
|1 |Details of the person discharging managerial responsibilities/person |
| |closely associated |
| | |
+--+-----------------------------------+---------------------------------------+
|a)|Name |Stuart Fitzgerald |
+--+-----------------------------------+---------------------------------------+
|2 |Reason for the notification |
+--+-----------------------------------+---------------------------------------+
|a)|Position/status |Chief Executive Officer - Seaway 7 |
+--+-----------------------------------+---------------------------------------+
|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)|Nature of the transaction |Vesting (award) of shares under the |
| | |Issuer's Long Term Incentive Plan |
| | |(LTIP) |
+--+-----------------------------------+---------------------------------------+
|c)|Price(s) and volume(s) |Volume: 4,722 |
| | | |
| | | |
| | |Price: NOK 148.00 |
+--+-----------------------------------+---------------------------------------+
|d)|Aggregated information | |
| | |N/A |
+--+-----------------------------------+---------------------------------------+
|e)|Date of the transaction |2023-10-02 (2 October 2023) |
+--+-----------------------------------+---------------------------------------+
|f)|Place of the transaction |Vesting - Outside a trading venue |
| | | |
+--+-----------------------------------+---------------------------------------+
+----+-------------------------------------------------------------------------+
|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)1.|Nature of the transaction |Vesting (award) of shares under the |
| | |Issuer's Long Term Incentive Plan |
| | |(LTIP) |
+----+----------------------------------+--------------------------------------+
|c)1.|Price(s) and volume(s) |Volume: 7,183 |
| | | |
| | | |
| | |Price: NOK 143.59 |
+----+----------------------------------+--------------------------------------+
|b)2.|Nature of the transaction |Sale of shares to satisfy tax charge |
| | |on vesting of shares |
+----+----------------------------------+--------------------------------------+
|c)2.|Price(s) and volume(s) |Volume: 3,390 |
| | | |
| | | |
| | |Price: NOK 143.59 |
+----+----------------------------------+--------------------------------------+
|d) |Aggregated information | |
| | |N/A |
+----+----------------------------------+--------------------------------------+
|e) |Date of the transaction |2023-10-02 (2 October 2023) |
+----+----------------------------------+--------------------------------------+
|f) |Place of the transaction |Vesting - Outside a trading venue |
| | |Sale of Shares - Oslo Børs |
+----+----------------------------------+--------------------------------------+
+----+-------------------------------------------------------------------------+
|1 |Details of the person discharging managerial responsibilities/person |
| |closely associated |
+----+----------------------------------+--------------------------------------+
|a) |Name |Katherine 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)1.|Nature of the transaction |Vesting (award) of shares under the |
| | |Issuer's Long Term Incentive Plan |
| | |(LTIP) |
+----+----------------------------------+--------------------------------------+
|c)1.|Price(s) and volume(s) |Volume: 4,869 |
| | | |
| | | |
| | |Price: NOK 143.59 |
+----+----------------------------------+--------------------------------------+
|b)2.|Nature of the transaction |Sale of shares to satisfy tax charge |
| | |on vesting of shares |
+----+----------------------------------+--------------------------------------+
|c)2.|Price(s) and volume(s) |Volume: 2,298 |
| | | |
| | | |
| | |Price: NOK 143.59 |
+----+----------------------------------+--------------------------------------+
|d) |Aggregated information | |
| | |N/A |
+----+----------------------------------+--------------------------------------+
|e) |Date of the transaction |2023-10-02 (2 October 2023) |
+----+----------------------------------+--------------------------------------+
|f) |Place of the transaction |Vesting - Outside a trading venue |
| | |Sale of Shares - Oslo Børs |
+----+----------------------------------+--------------------------------------+
+----+-------------------------------------------------------------------------+
|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)1.|Nature of the transaction |Vesting (award) of shares under the |
| | |Issuer's Long Term Incentive Plan |
| | |(LTIP) |
+----+----------------------------------+--------------------------------------+
|c)1.|Price(s) and volume(s) |Volume: 6,924 |
| | | |
| | | |
| | |Price: NOK 143.59 |
+----+----------------------------------+--------------------------------------+
|b)2.|Nature of the transaction |Sale of shares to satisfy tax charge |
| | |on vesting of shares |
+----+----------------------------------+--------------------------------------+
|c)2.|Price(s) and volume(s) |Volume: 3,407 |
| | | |
| | | |
| | |Price: NOK 143.59 |
+----+----------------------------------+--------------------------------------+
|d) |Aggregated information | |
| | |N/A |
+----+----------------------------------+--------------------------------------+
|e) |Date of the transaction |2023-10-02 (2 October 2023) |
+----+----------------------------------+--------------------------------------+
|f) |Place of the transaction |Vesting - Outside a trading venue |
| | |Sale of Shares - Oslo Børs |
+----+----------------------------------+--------------------------------------+
+----+-------------------------------------------------------------------------+
|1 |Details of the person discharging managerial responsibilities/person |
| |closely associated |
+----+----------------------------------+--------------------------------------+
|a) |Name |Marcelo Lopes Xavier |
+----+----------------------------------+--------------------------------------+
|2 |Reason for the notification |
+----+----------------------------------+--------------------------------------+
|a) |Position/status |Executive Vice President - Strategy &|
| | |Sustainability |
+----+----------------------------------+--------------------------------------+
|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)1.|Nature of the transaction |Vesting (award) of shares under the |
| | |Issuer's Long Term Incentive Plan |
| | |(LTIP) |
+----+----------------------------------+--------------------------------------+
|c)1.|Price(s) and volume(s) |Volume: 4,736 |
| | | |
| | | |
| | |Price: NOK 143.59 |
+----+----------------------------------+--------------------------------------+
|b)2.|Nature of the transaction |Sale of shares to satisfy tax charge |
| | |on vesting of shares |
+----+----------------------------------+--------------------------------------+
|c)2.|Price(s) and volume(s) |Volume: 1,308 |
| | | |
| | | |
| | |Price: NOK 143.59 |
+----+----------------------------------+--------------------------------------+
|d) |Aggregated information | |
| | |N/A |
+----+----------------------------------+--------------------------------------+
|e) |Date of the transaction |2023-10-02 (2 October 2023) |
+----+----------------------------------+--------------------------------------+
|f) |Place of the transaction |Vesting - Outside a trading venue |
| | |Sale of Shares - Oslo Børs |
+----+----------------------------------+--------------------------------------+
***********************************************************************
Subsea7 is a global leader in the delivery of offshore projects and services for
the evolving energy industry. We create sustainable value by being the
industry's partner and employer of choice in delivering the efficient offshore
solutions the world needs.
Subsea7 is listed on the Oslo Børs (SUBC), ISIN LU0075646355, LEI
222100AIF0CBCY80AH62.
***********************************************************************
Contact for investment community enquiries:
Katherine Tonks
Head of Investor Relations
Tel +44 (0)20 8210 5568
[email protected] (mailto:[email protected])
This stock exchange release was published by Katherine Tonks, Investor
Relations, Subsea7, on 4 October 2023 at 12:30 CET.