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Subsea 7 — Major Shareholding Notification 2011
Jan 12, 2011
6244_mrq_2011-01-12_12958f43-0c3c-4ade-94f1-ecaed0768726.pdf
Major Shareholding Notification
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Jan. 11. 2011 12:08PM
No. 1244 P. 1/2
Capital Research and Management
Capital Research and Management Company
333 South Hope Street
Los Angeles, California 90071-1406
Phone (213) 486 9200
Fax (213) 486 9698
11 January 2011
Oslo Bors AS
(Oslo Stock Exchange)
011 47 22 41 65 90
Subsea 7 SA
Attn: Company Secretary
44 20 8210 5501
Norwegian Central Securities
Depository (VPS)
11 47 22 63 52 00
Capital Research and Management Company – Disclosure of large shareholdings - Subsea 7 SA (formerly Acergy SA)
Capital Research and Management Company ("CRMC") is a U.S.-based investment adviser that manages the American Funds family of mutual funds. CRMC does not own shares of Subsea 7 SA for its own account. Rather, the shares reported are owned by several mutual funds managed by CRMC.
Pursuant to the Norwegian Securities Trading Act Section 3-2 and Regulations of 18 December 2002, we hereby disclose the following information:
Please note that this Notification is not being filed due to a disposition of shares. Instead, the recent increase in issued share capital has caused our relative shareholding to decrease below the next reportable threshold. On 10 January 2011, the first day of trading in the shares of Subsea 7 SA, CRMC’s holdings of 13,430,000 shares amounted to 3.8176%. Please see attached Schedule A for the details.
The following is a breakdown of CRMC's holdings as of 10 January 2011 in Subsea 7 SA.
| American Funds Fundamental Investors | 9,520,000 / | 2.7061% |
|---|---|---|
| EuroPacific Growth Fund | 3,910,000 / | 1.1114% |
| CRMC Total | 13,430,000 / | 3.8176% |
For the purpose of this Notification, an outstanding share balance of 351,793,731 shares was used to calculate the percentage of holdings. We believe this outstanding share balance is current; however, if this number is not accurate, please contact us as soon as possible so we may make the necessary revisions to this Notification.
Should you have questions or require additional information, please contact us at (213) 615-0469, or send a fax message to (213) 486-9698. Alternatively, you may contact us via e-mail at [email protected].
Regards,
Vivien Tan
Compliance Specialist
Jan. 11. 2011 12:09PM
No. 1244 P. 2/2
Schedule A
Subsea 7 SA (formerly Acergy SA)
194,953,972
351,793,731
| Mutual Funds | # of shares before change in share capital | % before change in share capital | # of shares after change in share capital | % after transaction |
|---|---|---|---|---|
| American Funds Fundamental Investors | 9,520,000 | 4.6832% | 9,520,000 | 2.7061% |
| EuroPacific Growth Fund | 3,910,000 | 2.0056% | 3,910,000 | 1.1114% |
| Total | 13,430,000 | 6.8888% | 13,430,000 | 3.8176% |