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Subsea 7 — Share Issue/Capital Change 2023
Sep 20, 2023
6244_rns_2023-09-20_98af1fc1-3bf7-410a-b34d-89e48accb0d2.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 2023 - 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 19 September 2023.
The Company will make awards of 1,450,400 performance shares, subject to the
Plan's performance conditions, on 19 September 2023.
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 | 239,099 | 101,405 | Nil |
+-------------+----------------+-------------+-------------+---------+---------+
|Mark Foley |Chief Financial | | | | |
| |Officer | 38,000 | 110,000 | Nil | Nil |
+-------------+----------------+-------------+-------------+---------+---------+
|Olivier |EVP - Subsea & | | | | |
|Blaringhem |Conventional | 38,000 | 148,137 | 23,156 | Nil |
+-------------+----------------+-------------+-------------+---------+---------+
|Stuart |Chief Executive | | | | |
|Fitzgerald |Officer - Seaway| | | | |
| |7 | 38,000 | 149,800 | 31,397 | Nil |
+-------------+----------------+-------------+-------------+---------+---------+
|Nathalie |General Counsel | | | | |
|Louys | | 32,000 | 131,441 | 37,557 | Nil |
+-------------+----------------+-------------+-------------+---------+---------+
|Katherine |EVP - Human | | | | |
|Lyne |Resources | 30,000 | 121,884 | 20,673 | Nil |
+-------------+----------------+-------------+-------------+---------+---------+
|Phillip |EVP - Projects &| | | | |
|Simons |Operations | 38,000 | 147,343 | 13,451 | Nil |
+-------------+----------------+-------------+-------------+---------+---------+
|Marcelo Lopes|EVP - Strategy &| | | | |
|Xavier |Sustainability | 30,000 | 102,187 | 2,164 | Nil |
+-------------+----------------+-------------+-------------+---------+---------+
¹Total performance shares held include the awards made in 2023 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.
*********************************************************************************
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
Investor Relations Director
Tel +44 (0)20 8210 5568
[email protected] (mailto:[email protected])
This stock exchange release was published by William Vincent, Assistant
Treasurer, Subsea7, on 20 September 2023 at 16:45 CET.