In This Article:
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 | Subsea 7 S.A. Shares |
| b (i) | Nature of the transaction | Vesting (award) of performance shares |
| c (i) | Price(s) and volume(s) | Volume: 13,585 |
| 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 |
| d) | Aggregated information | Aggregate volume: 9,800 |
| e) | Date of the transaction | 2020 – 10 – 02 (2 October 2020) |
| f) | Place of the transaction | b(i): Outside a trading venue |
| Instruments owned by Primary Insider after the transaction completed | Owned Shares: 178,042 | |
| 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 | Subsea 7 S.A. Shares |
| b (i) | Nature of the transaction | Vesting (award) of performance shares |
| c (i) | Price(s) and volume(s) | Volume: 21,367 |
| 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 |
| d) | Aggregated information | Aggregate volume: 15,736 |
| e) | Date of the transaction | 2020 – 10 – 02 (2 October 2020) |
| f) | Place of the transaction | b(i): Outside a trading venue |
| Instruments owned by Primary Insider after the transaction completed | Owned Shares: 81,873 | |
| 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 | Subsea 7 S.A. Shares |
| b (i) | Nature of the transaction | Vesting (award) of performance shares |
| c (i) | Price(s) and volume(s) | Volume: 16,855 |
| 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 |
| d) | Aggregated information | Aggregate volume: 12, 413 |
| e) | Date of the transaction | 2020– 10 – 02 (2 October 2020) |
| f) | Place of the transaction | b(i): Outside a trading venue |
| Instruments owned by Primary Insider after the transaction completed | Owned Shares: 42,345 | |
| 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 | Subsea 7 S.A. Shares |
| b (i) | Nature of the transaction | Vesting (award) of performance shares |
| c (i) | Price(s) and volume(s) | Volume: 10,325 |
| 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 |
| d) | Aggregated information | Aggregate volume: 7,604 |
| e) | Date of the transaction | 2020 – 10 – 02 (2 October 2020) |
| f) | Place of the transaction | b(i): Outside a trading venue |
| Instruments owned by Primary Insider after the transaction completed | Owned Shares: 27,663 | |
| 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 | Subsea 7 S.A. Shares |
| b (i) | Nature of the transaction | Vesting (award) of performance shares |
| c (i) | Price(s) and volume(s) | Volume: 5,093 |
| d) | Aggregated information | Aggregate volume: 5,093 |
| 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 | |
| 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 | Subsea 7 S.A. Shares |
| b (i) | Nature of the transaction | Vesting (award) of performance shares |
| c (i) | Price(s) and volume(s) | Volume: 6,052 |
| 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 |
| d) | Aggregated information | Aggregate volume: 4,457 |
| e) | Date of the transaction | 2020 – 10 – 02 (2 October 2020) |
| f) | Place of the transaction | b(i): Outside a trading venue |
| Instruments owned by Primary Insider after the transaction completed | Owned Shares: 14,491 | |
| 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 | Subsea 7 S.A. Shares |
| b (i) | Nature of the transaction | Vesting (award) of performance shares |
| c (i) | Price(s) and volume(s) | Volume: 8,600 |
| 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 |
| d) | Aggregated information | Aggregate volume: 6,377 |
| e) | Date of the transaction | 2020– 10 – 02 (2 October 2020) |
| f) | Place of the transaction | b(i): Outside a trading venue |
| Instruments owned by Primary Insider after the transaction completed | Owned Shares: 4,447 | |
| 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 | Subsea 7 S.A. Shares |
| b (i) | Nature of the transaction | Vesting (award) of performance shares |
| c (i) | Price(s) and volume(s) | Volume: 9,241 |
| 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 |
| d) | Aggregated information | Aggregate volume: 6,852 |
| e) | Date of the transaction | 2020 – 10 – 02 (2 October 2020) |
| f) | Place of the transaction | b(i): Outside a trading venue |
| Instruments owned by Primary Insider after the transaction completed | Owned Shares: 4,778 | |
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