Subsea7 share repurchases
May 21 2024 - 1:00AM
Subsea7 share repurchases
Luxembourg – 21 May 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 13 May 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 13 May 2024 until 16 May 2024 Subsea 7 S.A. has
repurchased a total of 228,500 own shares at the Oslo Stock
Exchange at an average price of NOK 187.2265 per
share.
Overview of transactions |
Dates |
Aggregated daily volume(number of shares) |
Weighted average share price per day(NOK) |
Total daily transaction value (NOK) |
13 May 2024 |
57,500 |
186.9649 |
10,750,482 |
14 May 2024 |
57,000 |
188.4012 |
10,738,868 |
15 May 2024 |
57,000 |
187.0112 |
10,659,638 |
16 May 2024 |
57,000 |
186.5310 |
10,632,267 |
17 May 20241 |
- |
- |
- |
Previously disclosed |
11,325,212 |
80.9145 |
916,373,988 |
Accumulated |
11,553,712 |
83.0171 |
959,155,244 |
1Oslo Børs closed |
The issuer’s holding of own shares:Following the
completion of the above transactions, Subsea 7 S.A. owns a total of
5,393,304 of its own shares, corresponding to 1.77% of the issued
share capital of Subsea 7 S.A. Total shares in issue, including
treasury shares, were
304,294,272. 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
atwww.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 TonksHead of
Investor RelationsTel +44 20 8210
5568ir@subsea7.comwww.subsea7.com
This information is considered to be
inside information pursuant to the EU Market Abuse Regulation and
is subject to the disclosure requirements pursuant to Section 5-12
the Norwegian Securities Trading Act. This stock exchange
release was published by Katherine Tonks, Investor Relations,
Subsea7, on 21 May 2024 at 08:00 CET.
- SUBC share repurchase 21 May 24
- SUBC trade log 21 May 2024
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