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Subsea 7 — Share Issue/Capital Change 2022
Sep 20, 2022
6244_rns_2022-09-20_d4cfa022-aaff-4f55-9b22-ee932a713dcd.html
Share Issue/Capital Change
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Subsea 7 S.A. announces details of share related awards
Subsea 7 S.A. announces details of share related awards
Luxembourg - 20 September 2022 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY)
(the "Company") in accordance with the Oslo Børs rules, today announces the
details of awards under its 2022 Long-Term Incentive Plan (the "Plan") approved
by the Board on 20 September 2022.
The Company will make awards of 1,397,000 performance shares, subject to the
Plan's performance conditions, on 20 September 2022.
The following Primary Insiders were awarded performance shares under the Plan
and subsequently hold the following shares and options:
+-------------+-----------------+-------------+-------------+--------+---------+
| | | Performance | Total | Total | |
| | | Shares | Performance | Owned | Total |
|Name |Position | Awarded | Shares((¹)) | Shares |Options |
+-------------+-----------------+-------------+-------------+--------+---------+
|John Evans |Chief Executive | | | | |
| |Officer | 60,000 | 242,215 | 92,481 | Nil |
+-------------+-----------------+-------------+-------------+--------+---------+
|Mark Foley |Chief Financial | | | | |
| |Officer | 32,000 | 72,000 | Nil | Nil |
+-------------+-----------------+-------------+-------------+--------+---------+
|Olivier |EVP - Subsea & | | | | |
|Blaringhem |Conventional | 35,000 | 145,530 | 18,590 | Nil |
+-------------+-----------------+-------------+-------------+--------+---------+
|Phillip |EVP - Projects & | | | | |
|Simons |Operations | 35,000 | 140,530 | 9,264 | Nil |
+-------------+-----------------+-------------+-------------+--------+---------+
|Nathalie |General Counsel | | | | |
|Louys | | 32,000 | 129,518 | 33,073 | Nil |
+-------------+-----------------+-------------+-------------+--------+---------+
|Katherine |EVP - Human | | | | |
|Lyne |Resources | 30,000 | 116,747 | 17,694 | Nil |
+-------------+-----------------+-------------+-------------+--------+---------+
|Marcelo Lopes|EVP - Strategy & | | | | |
|Xavier |Sustainability | 30,000 | 91,902 | Nil | Nil |
+-------------+-----------------+-------------+-------------+--------+---------+
¹Total performance shares held include the awards made in 2022 and represent the
maximum award due to vest assuming all performance conditions are met.
This message is submitted on behalf of Subsea 7 S.A., as well as the named
Primary Insiders.
*********************************************************************************
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 Bors (SUBC), ISIN LU0075646355, LEI
222100AIF0CBCY80AH62.
*********************************************************************************
Contact for investment community enquiries:
Katherine Tonks
Head of Investor Relations
Tel +44-20-8210-5568
ir (mailto:[email protected])@subsea7.com (mailto:[email protected])
www.subsea7.com (http://www.subsea7.com)