Luxembourg – 05 October 2020 - 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 | Jean Cahuzac |
| 2 | Reason for the notification | |
| a) | Position/status | Non-Executive Director |
| 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 (i) | Nature of the transaction | Vesting (award) of performance shares |
| c (i) | Price(s) and volume(s) | Volume: 13,585 Price: NOK 66.5062 |
| b (ii) | Nature of the transaction | Sale of Shares to satisfy tax charge on vesting of performance shares |
| c (ii) | Price(s) and volume(s) | Volume: 6,014 Price: NOK 66.5062 |
| d) | Aggregated information | Aggregate volume: 9,800 Aggregate price: NOK 66.5062 |
| e) | Date of the transaction | 2020 – 10 – 02 (2 October 2020) |
| f) | Place of the transaction | b(i): Outside a trading venue b(ii): The Oslo Bors Stock Exchange OSE |
| Instruments owned by Primary Insider after the transaction completed | Owned Shares: 178,042 Performance Shares: 60,000 Restricted Shares: Nil Options: Nil | |
| 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 (i) | Nature of the transaction | Vesting (award) of performance shares |
| c (i) | Price(s) and volume(s) | Volume: 21,367 Price: NOK 66.5062 |
| b (ii) | Nature of the transaction | Sale of Shares to satisfy tax charge on vesting of performance shares |
| c (ii) | Price(s) and volume(s) | Volume: 10,104 Price: NOK 66.5062 |
| d) | Aggregated information | Aggregate volume: 15,736 Aggregate price: NOK 66.5062 |
| e) | Date of the transaction | 2020 – 10 – 02 (2 October 2020) |
| f) | Place of the transaction | b(i): Outside a trading venue b(ii): The Oslo Bors Stock Exchange OSE |
| Instruments owned by Primary Insider after the transaction completed | Owned Shares: 81,873 Performance Shares: 120,196 Restricted Shares: Nil Options: Nil | |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | Ricardo Rosa |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Financial 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 (i) | Nature of the transaction | Vesting (award) of performance shares |
| c (i) | Price(s) and volume(s) | Volume: 16,855 Price: NOK 66.5062 |
| b (ii) | Nature of the transaction | Sale of Shares to satisfy tax charge on vesting of performance shares |
| c (ii) | Price(s) and volume(s) | Volume: 7,970 Price: NOK 66.5062 |
| d) | Aggregated information | Aggregate volume: 12, 413 Aggregate price: NOK 66.5062 |
| e) | Date of the transaction | 2020– 10 – 02 (2 October 2020) |
| f) | Place of the transaction | b(i): Outside a trading venue b(ii): The Oslo Bors Stock Exchange OSE |
| Instruments owned by Primary Insider after the transaction completed | Owned Shares: 42,345 Performance Shares: 89,356 Restricted Shares: Nil Options: Nil | |
| 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 (i) | Nature of the transaction | Vesting (award) of performance shares |
| c (i) | Price(s) and volume(s) | Volume: 10,325 Price: NOK 66.5062 |
| b (ii) | Nature of the transaction | Sale of Shares to satisfy tax charge on vesting of performance shares |
| c (ii) | Price(s) and volume(s) | Volume: 4,883 Price: NOK 66.5062 |
| d) | Aggregated information | Aggregate volume: 7,604 Aggregate price: NOK 66.5062 |
| e) | Date of the transaction | 2020 – 10 – 02 (2 October 2020) |
| f) | Place of the transaction | b(i): Outside a trading venue b(ii): The Oslo Bors Stock Exchange OSE |
| Instruments owned by Primary Insider after the transaction completed | Owned Shares: 27,663 Performance Shares: 59,098 Restricted Shares: Nil Options: Nil | |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | Stuart Fitzgerald |
| 2 | Reason for the notification | |
| a) | Position/status | Executive Vice President – Alliances & Strategy |
| 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 (i) | Nature of the transaction | Vesting (award) of performance shares |
| c (i) | Price(s) and volume(s) | Volume: 5,093 Price: NOK 66.5062 |
| d) | Aggregated information | Aggregate volume: 5,093 Aggregate price: NOK 66.5062 |
| e) | Date of the transaction | 2020 – 10 – 02 (2 October 2020) |
| f) | Place of the transaction | Outside a trading venue |
| Instruments owned by Primary Insider after the transaction completed | Owned Shares: 18,774 Performance Shares: 73,704 Restricted Shares: Nil Options: Nil | |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | Kate 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 (i) | Nature of the transaction | Vesting (award) of performance shares |
| c (i) | Price(s) and volume(s) | Volume: 6,052 Price: NOK 66.5062 |
| b (ii) | Nature of the transaction | Sale of Shares to satisfy tax charge on vesting of performance shares |
| c (ii) | Price(s) and volume(s) | Volume: 2,862 Price: NOK 66.5062 |
| d) | Aggregated information | Aggregate volume: 4,457 Aggregate price: NOK 66.5062 |
| e) | Date of the transaction | 2020 – 10 – 02 (2 October 2020) |
| f) | Place of the transaction | b(i): Outside a trading venue b(ii): The Oslo Bors Stock Exchange OSE |
| Instruments owned by Primary Insider after the transaction completed | Owned Shares: 14,491 Performance Shares: 43,258 Restricted Shares: Nil Options: Nil | |
| 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 (i) | Nature of the transaction | Vesting (award) of performance shares |
| c (i) | Price(s) and volume(s) | Volume: 8,600 Price: NOK 66.5062 |
| b (ii) | Nature of the transaction | Sale of Shares to satisfy tax charge on vesting of performance shares |
| c (ii) | Price(s) and volume(s) | Volume: 4,153 Price: NOK 66.5062 |
| d) | Aggregated information | Aggregate volume: 6,377 Aggregate price: NOK 66.5062 |
| e) | Date of the transaction | 2020– 10 – 02 (2 October 2020) |
| f) | Place of the transaction | b(i): Outside a trading venue b(ii): The Oslo Bors Stock Exchange OSE |
| Instruments owned by Primary Insider after the transaction completed | Owned Shares: 4,447 Performance Shares: 58,387 Restricted Shares: Nil Options: Nil | |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | Stephen McNeill |
| 2 | Reason for the notification | |
| a) | Position/status | Executive Vice President – Renewables |
| 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 (i) | Nature of the transaction | Vesting (award) of performance shares |
| c (i) | Price(s) and volume(s) | Volume: 9,241 Price: NOK 66.5062 |
| b (ii) | Nature of the transaction | Sale of Shares to satisfy tax charge on vesting of performance shares |
| c (ii) | Price(s) and volume(s) | Volume: 4,463 Price: NOK 66.5062 |
| d) | Aggregated information | Aggregate volume: 6,852 Aggregate price: NOK 66.5062 |
| e) | Date of the transaction | 2020 – 10 – 02 (2 October 2020) |
| f) | Place of the transaction | b(i): Outside a trading venue b(ii): The Oslo Bors Stock Exchange OSE |
| Instruments owned by Primary Insider after the transaction completed | Owned Shares: 4,778 Performance Shares: 58,718 Restricted Shares: Nil Options: Nil | |
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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
Head of Investor Relations
Tel +442082105568
Katherine.Tonks@subsea7.com
www.subsea7.com
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