Transaction in Own Shares • Nov 11, 2024
Transaction in Own Shares
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Subsea7 share repurchases
Luxembourg - 11 November 2024 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY)
today announced transactions made in accordance with its share repurchase
programme during the week commencing 4 November 2024.
Date on which the share repurchase programme was announced: 25 July 2019, with a
two-year extension announced on 19 April 2023.
The duration of the share repurchase programme: until 18 April
In the period from 4 November 2024 until 8 November 2024 Subsea 7 S.A. has
repurchased a total of 118,500 own shares at the Oslo Stock Exchange at an
average price of NOK 168.8814 per share.
+------------------------------------------------------------------------------+
| Overview of transactions |
+--------------------+------------------+----------------+---------------------+
| | |Weighted average| |
| | Aggregated daily| share price per| Total daily|
| | volume| day| transaction value|
|Dates |(number of shares)| (NOK)| (NOK)|
+--------------------+------------------+----------------+---------------------+
|4 November 2024 | 64,500| 168.9524| 10,897,430|
+--------------------+------------------+----------------+---------------------+
|5 November 2024 | 54,000| 168.7965| 9,115,011|
+--------------------+------------------+----------------+---------------------+
|6 November 2024 | - | - | - |
+--------------------+------------------+----------------+---------------------+
|7 November 2024 | - | - | - |
+--------------------+------------------+----------------+---------------------+
|8 November 2024 | - | - | - |
+--------------------+------------------+----------------+---------------------+
|Previously disclosed| 14,620,304| 105.0575| 1,535,972,926|
+--------------------+------------------+----------------+---------------------+
|Accumulated | 14,738,804| 105.5707| 1,555,985,367|
+--------------------+------------------+----------------+---------------------+
| |
+------------------------------------------------------------------------------+
|The issuer's holding of own shares: |
|Following completion of the above transactions, and reflecting the previous|
|cancellation of 7,787,967 shares, as well as share transfers to satisfy the|
|Company's long-term incentive plan obligations, Subsea 7 S.A. owns 6,140,836 |
|of its own shares, corresponding to 2.03% of the issued share capital of|
|Subsea 7 S.A. Total shares in issue, including treasury shares, were|
|302,188,272. |
| |
|Appendix: |
|Details of transactions made under the share repurchase programme that have|
|been carried out during the above-mentioned time period are attached and|
|available at www.newsweb.no. (https://newsweb.oslobors.no/search?issuer=6030) |
+------------------------------------------------------------------------------+
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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 enquiries:
Katherine Tonks
Head of Investor Relations
Tel +44 20 8210 5568
www.subsea7.com (http://www.subsea7.com)
This is information that Subsea 7 S.A. is obliged to make public pursuant to the
EU Market Abuse Regulation and that is subject to the disclosure requirements of
Section 5-12 of the Norwegian Securities Trading Act
This stock exchange release was published by Katherine Tonks, Investor
Relations, Subsea7, on 11 November 2024 at 08:00 CET.
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