Luxembourg – 18 December 2020 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) announces mandatory notification of the following share transaction by a primary insider:
Siem Industries which is represented on the board of Subsea 7 S.A. by Kristian Siem announces that it has on 17 December 2020 terminated two OTC Call Option structures with underlying shares being Subsea 7 S.A. shares. The terminated structures are for an aggregate of 2,629,000 shares, with details as follows:
| Expiry | Underlying shares | Strike price NOK |
| 2021 May 21 | 349,000 | 94 |
| 2021 May 23 | 2,280,000 | 103 |
Following this transaction, the total number of put and call options available to Siem Industries S.A. is 8,172,200 and the aggregate number of shares held by Siem Industries S.A. remains unchanged at 73,522,977.
| AFTER THIS NOTIFICATION | |
| Number of Shares owned by Primary Insider |
|
| Number of options available to Primary Insider | ·Options: 8,172,200 |
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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
katherine.tonks@subsea7.com
www.subsea7.com
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