Subsea 7 S.A. Mandatory notification of share trades

Luxembourg – 6 October 2022 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) announces mandatory notification of the following share transactions by primary insiders:

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

John Evans

2

Reason for the notification

a)

Position/status

Chief Executive Officer

b)

Initial notification/ Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Subsea 7 S.A.

b)

LEI

222100AIF0CBCY80AH62

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Subsea 7 S.A. shares

Oslo Børs: SUBC

ISIN LU0075646355

b)1.

Nature of the transaction

Vesting (award) of shares under the issuers Long Term Incentive Plan (LTIP)

c)1.

Price(s) and volume(s)

Volume: 17,342

 

Price: NOK 89.923481

b)2.

Nature of the transaction

Sale of shares to satisfy tax charge on vesting of shares

c)2.

Price(s) and volume(s)

Volume: 8,418

 

Price: NOK 89.923481

d)

Aggregated information

N/A

e)

Date of the transaction

2022-10-03 (3 October 2022)

f)

Place of the transaction

Vesting – outside a trading venue
Share Sale – Oslo Børs


1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Olivier Blaringhem

2

Reason for the notification

a)

Position/status

Executive Vice President – Subsea & Conventional

b)

Initial notification/ Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Subsea 7 S.A.

b)

LEI

222100AIF0CBCY80AH62

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Subsea 7 S.A. shares

Oslo Børs: SUBC

ISIN LU0075646355

b)1.

Nature of the transaction

Vesting (award) of shares under the issuers Long Term Incentive Plan (LTIP)

c)1.

Price(s) and volume(s)

Volume: 8,691

 

Price: NOK 92.7204

b)2.

Nature of the transaction

Sale of shares to satisfy tax charge on vesting of shares

c)2.

Price(s) and volume(s)

Volume: 4,125

 

Price: NOK 92.7204

d)

Aggregated information

N/A

e)

Date of the transaction

2022-10-04 (4 October 2022)

f)

Place of the transaction

Vesting – outside a trading venue
Share Sale – Oslo Børs


1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Phillip Simons

2

Reason for the notification

a)

Position/status

Executive Vice President – Projects & Operations

b)

Initial notification/ Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Subsea 7 S.A.

b)

LEI

222100AIF0CBCY80AH62

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Subsea 7 S.A. shares

Oslo Børs: SUBC

ISIN LU0075646355

b)1.

Nature of the transaction

Vesting (award) of shares under the issuers Long Term Incentive Plan (LTIP)

c)1.

Price(s) and volume(s)

Volume: 8,300

 

Price: NOK 89.923481

b)2.

Nature of the transaction

Sale of shares to satisfy tax charge on vesting of shares

c)2.

Price(s) and volume(s)

Volume: 4,113

 

Price: NOK 89.923481

d)

Aggregated information

N/A

e)

Date of the transaction

2022-10-03 (3 October 2022)

f)

Place of the transaction

Vesting – outside a trading venue
Share Sale – Oslo Børs


1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Nathalie Louys

2

Reason for the notification

a)

Position/status

General Counsel

b)

Initial notification/ Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Subsea 7 S.A.

b)

LEI

222100AIF0CBCY80AH62

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Subsea 7 S.A. shares

Oslo Børs: SUBC

ISIN LU0075646355

b)1.

Nature of the transaction

Vesting (award) of shares under the issuers Long Term Incentive Plan (LTIP)

c)1.

Price(s) and volume(s)

Volume: 8,715

 

Price: NOK 89.923481

b)2.

Nature of the transaction

Sale of shares to satisfy tax charge on vesting of shares

c)2.

Price(s) and volume(s)

Volume: 4,231

 

Price: NOK 89.923481

d)

Aggregated information

N/A

e)

Date of the transaction

2022-10-03 (3 October 2022)

f)

Place of the transaction

Vesting – outside a trading venue
Share Sale – Oslo Børs


1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Katherine Lyne

2

Reason for the notification

a)

Position/status

Executive Vice President – Human Resources

b)

Initial notification/ Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Subsea 7 S.A.

b)

LEI

222100AIF0CBCY80AH62

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Subsea 7 S.A. shares

Oslo Børs: SUBC

ISIN LU0075646355

b)1.

Nature of the transaction

Vesting (award) of shares under the issuers Long Term Incentive Plan (LTIP)

c)1.

Price(s) and volume(s)

Volume: 5,790

 

Price: NOK 89.923481

b)2.

Nature of the transaction

Sale of shares to satisfy tax charge on vesting of shares

c)2.

Price(s) and volume(s)

Volume: 2,811

 

Price: NOK 89.923481

d)

Aggregated information

N/A

e)

Date of the transaction

2022-10-03 (3 October 2022)

f)

Place of the transaction

Vesting – outside a trading venue
Share Sale – Oslo Børs


1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Marcelo Lopes Xavier

2

Reason for the notification

a)

Position/status

Executive Vice President – Strategy & Sustainability

b)

Initial notification/ Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Subsea 7 S.A.

b)

LEI

222100AIF0CBCY80AH62

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Subsea 7 S.A. shares

Oslo Børs: SUBC

ISIN LU0075646355

b)1.

Nature of the transaction

Vesting (award) of shares under the issuers Long Term Incentive Plan (LTIP)

c)1.

Price(s) and volume(s)

Volume: 5,982

 

Price: NOK 89.923481

b)2.

Nature of the transaction

Sale of shares to satisfy tax charge on vesting of shares

c)2.

Price(s) and volume(s)

Volume: 1,655

 

Price: NOK 89.923481

d)

Aggregated information

N/A

e)

Date of the transaction

2022-10-03 (3 October 2022)

f)

Place of the transaction

Vesting – outside a trading venue
Share Sale – Oslo Børs

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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 Børs (SUBC), ISIN LU0075646355, LEI 222100AIF0CBCY80AH62.
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Contact for investment community enquiries:
Katherine Tonks
Investor Relations Director
Tel +44 20 8210 5568
ir@subsea7.com
www.subsea7.com

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