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Subsea 7 — Major Shareholding Notification 2016
Nov 29, 2016
6244_mrq_2016-11-29_010d5060-10dc-4986-8054-10e3ddd62d8e.pdf
Major Shareholding Notification
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Subsea 7 S.A. Notification of major holdings
Luxembourg - 29 November 2016 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) (the Company) announces that, on 28 November 2016, Orbis Allan Gray Limited and Orbis Holdings Limited jointly informed the Company that on 24 November 2016 the total number of voting rights in the Company (attached to shares or through financial instruments) held by Orbis Allan Gray Limited and Orbis Holdings Limited reached 16,363,693 shares representing 4.99% of the voting rights in the Company, thereby crossing below the 5% threshold provided for by Luxembourg's Transparency Law of 11 January 2008 on transparency requirements for issuers of securities.
The 16,363,693 voting rights in the Company held by Orbis Allan Gray Limited and Orbis Holdings Limited were all attached to shares.
A copy of the notification received from Orbis Allan Gray Limited and Orbis Holdings Limited is available on the Subsea 7 website www.subsea7.com.
************************************** Subsea 7 S.A. is a leading global contractor in seabed-to-surface engineering, construction and services to the offshore energy industry. We provide technical solutions to enable the delivery of complex projects in all water depths and challenging environments.
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Contact: Isabel Green Investor Relations Director Subsea 7 S.A. Tel +44 (0)20 8210 5568 [email protected] www.subsea7.com