SOC Subsea 7 S.A.

Subsea7 share repurchases

Subsea7 share repurchases

Luxembourg – 9 December 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 2 December 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 2025.                                

                        

In the period from 2 December 2024 until 6 December 2024, Subsea 7 S.A. repurchased a total of 309,000 own shares at the Oslo Stock Exchange at an average price of NOK 177.3325 per share.                                                                                                

                Overview of transactions
DatesAggregated daily volume

(number of shares)		Weighted average share price per day

(NOK)		Total daily transaction value

(NOK)
2 December 202463,500174.291611,067,517
3 December 202462,000177.755511,020,841
4 December 202461,000180.143010,988,723
5 December 202461,500177.807810,935,180
6 December 202461,000176.778410,783,482
Previously disclosed14,863,304106.16601,577,977,929
Accumulated 15,172,304107.61541,632,773,672
 
The issuer’s holding of own shares:

Following the completion of the above transactions, and reflecting previous share cancellations 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 a total of 6,574,336 of its own shares, corresponding to 2.18% of the issued share capital of Subsea 7 S.A. Total shares in issue, including treasury shares, were 302,188,272.                        

                                                                                        

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

**************************************************************************

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 8



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 9 December 2024 at 08:00 CET.

Attachments



EN
09/12/2024

Underlying

SOCSubsea 7 S.A.

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Subsea 7 S.A.

 PRESS RELEASE
Free
SOC SUBSEA 7 S.A.

Subsea7 awarded contract offshore Trinidad and Tobago

Subsea7 awarded contract offshore Trinidad and Tobago Luxembourg – 9 June 2025 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a sizeable1 contract by Shell for the Aphrodite gas project offshore Trinidad and Tobago. The project involves the transportation and installation of subsea equipment at the Aphrodite development, located within Block 5a, at water depths of up to 290 metres. Project management and engineering activities will begin immediately at Subsea7's office in Houston, Texas, with offshore operations planned for 2027. Craig Broussard, Senior Vice P...

9m 1 EN
 PRESS RELEASE
Free
SOC SUBSEA 7 S.A.

Subsea 7 S.A. Notification of major holding

Subsea 7 S.A. Notification of major holding Subsea 7 S.A. has received notification of transactions in its shares by a major shareholder. Please see the attachment for details. This information is pursuant to the EU Market Abuse Regulation and subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act. Attachment

June 6, 2025 1 EN
ABGSC Energy Research ... (+6)
  • ABGSC Energy Research
  • Daniel Vårdal Haugland
  • John Olaisen
  • Njål Kleiven
  • Oliver Dunvold
  • Stian Wibstad
SOC SUBSEA 7 S.A.
TGS TGS-NOPEC GEOPHYSICAL COMPANY ASA
ODL ODFJELL DRILLING
TC TEST COMPANY
DOFG DOF GROUP ASA
PLSV PARATUS ENERGY SERVICES LTD.
VTURA VENTURA OFFSHORE HLDGS LTD
06/06/25 June 6, 2025 1 EN
ABGSC Energy Research ... (+6)
  • ABGSC Energy Research
  • Daniel Vårdal Haugland
  • John Olaisen
  • Njål Kleiven
  • Oliver Dunvold
  • Stian Wibstad
ORSTED ORSTED
SOC SUBSEA 7 S.A.
SSO SCATEC ASA
VWS VESTAS WIND SYSTEMS
DOFG DOF GROUP ASA
05/22/25 May 22, 2025 1 EN
 PRESS RELEASE
Free
SOC SUBSEA 7 S.A.

Subsea7 awarded contract offshore West Africa

Subsea7 awarded contract offshore West Africa Luxembourg – 21 May 2025 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a sizeable1 subsea contract in West Africa. Subsea7 will be responsible for transporting and installing flexible pipelines, umbilicals, and associated subsea components for the connection of a floating production, storage and offloading (FPSO) vessel as well as the pre-laying activities for an upcoming drilling campaign. Project management and engineering work will begin immediately at Subsea7’s offices in Sutton, UK and Suresnes, France, and o...

May 21, 2025 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch