Subsea 7 share repurchases

Subsea 7 share repurchases

27 Jun 2022 08:00 CEST

Luxembourg - 27 June 2022 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today
announced transactions made in accordance with its share repurchase programme
during the week commencing 20 June 2022.

Date on which the share repurchase programme was announced: 25 July 2019, with a
two-year extension announced on 16 April 2021.

The duration of the share repurchase programme: until 14 April 2023.

In the period from 20 June 2022 until 24 June 2022 Subsea 7 S.A. has repurchased
a total of 358,528 own shares at the Oslo Stock Exchange at an average price of
NOK 77.4491 per share.

+------------------------------------------------------------------------------+
|Overview of transactions |
+----------------------+------------------+----------------+-------------------+
| | |Weighted average| |
| | Aggregated daily| share price per| Total daily|
| | volume| day| transaction value|
|Dates |(number of shares)| (NOK)| (NOK)|
+----------------------+------------------+----------------+-------------------+
|20 June 2022 | 3,647| 77.9900| 284,430|
+----------------------+------------------+----------------+-------------------+
|21 June 2022 | - | - | - |
+----------------------+------------------+----------------+-------------------+
|22 June 2022 | - | - | - |
+----------------------+------------------+----------------+-------------------+
|23 June 2022 | 165,120| 77.8164| 12,849,044|
+----------------------+------------------+----------------+-------------------+
|24 June 2022 | 189,761| 77.1191| 14,634,198|
+----------------------+------------------+----------------+-------------------+
|Previously disclosed | | | |
|share repurchases | | | |
|under the programme | | | |
|(accumulated) | 7,316,472| 67.2475| 492,014,718|
+----------------------+------------------+----------------+-------------------+
|Accumulated under the | | | |
|share repurchase | | | |
|programme | 7,675,000| 67.7241| 519,782,389|
+----------------------+------------------+----------------+-------------------+
| |
+------------------------------------------------------------------------------+
|The issuer's holding of own shares: |
|Following the completion of the above transactions, Subsea 7 S.A. owns a total|
|of 7,826,850 of its own shares, corresponding to 2.61% of the issued share|
|capital of Subsea 7 S.A. Total shares in issue, including treasury shares,|
|were 300,000,000. |
| |
| |
| |
|Appendix: |
|An overview of all transactions made under the share repurchase programme that|
|have been carried out during the above-mentioned time period is attached to|
|this report and available at |
|www.newsweb.no. (http://www.newsweb.no/) |
| |
+------------------------------------------------------------------------------+

**************************************************************************
Subsea 7 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.

Subsea 7 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
[email protected]
www.subsea7.com

More information:
Access the news on Oslo Bors NewsWeb site

565808_SUBC Trade Details 270622.pdf
565808_SUBC Treasury Shares 27062022.pdf

Source

Subsea 7 S.A.

Provider

Oslo Børs Newspoint