Subsea7 share repurchases
November 04 2024 - 2:00AM
UK Regulatory
Subsea7 share repurchases
Luxembourg – 4 November 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 28 October 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 28 October 2024 until 1 November 2024 Subsea 7
S.A. has repurchased a total of 323,000 own shares at the Oslo
Stock Exchange at an average price of NOK 169.7287 per
share.
|
Overview
of transactions |
|
Dates |
Aggregated daily volume
(number of shares) |
Weighted average share price per day
(NOK) |
Total daily transaction value
(NOK) |
|
28 October 2024 |
63,000 |
173.9758 |
10,960,475 |
|
29 October 2024 |
64,500 |
169.7831 |
10,951,010 |
|
30 October 2024 |
65,500 |
166.5183 |
10,906,949 |
|
31 October 2024 |
65,500 |
168.0364 |
11,006,384 |
|
1 November 2024 |
64,500 |
170.5045 |
10,997,540 |
|
Previously disclosed |
14,297,304 |
103.5965 |
1,481,150,568 |
|
Accumulated |
14,620,304 |
105.0575 |
1,535,972,926 |
|
|
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 6,022,336 of its own
shares, corresponding to 1.99% 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
www.newsweb.no. |
**************************************************************************
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 +44 20 8210 5568
ir@subsea7.com
www.subsea7.com
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 04 November 2024 at 08:00 CET.
- SUBC share repurchase 4 November 2024
- SUBC trade log 4 November 2024
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