Subsea7 Announces Share Repurchases

Source: www.gulfoilandgas.com 10/14/2024, Location: Not categorized

Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) announced transactions made in accordance with its share repurchase programme during the week commencing 07 Oct 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 7 October 2024 until 11 October 2024 Subsea 7 S.A. has repurchased a total of 295,592 own shares at the Oslo Stock Exchange at an average price of NOK 179.9361 per share.

7 October 2024
Aggregated daily volume (number of shares): 58,500
Weighted average share price per day (NOK): 180.5836
Total daily transaction value (NOK): 10,564,141

8 October 2024
Aggregated daily volume (number of shares): 59,000
Weighted average share price per day (NOK): 178.2312
Total daily transaction value (NOK): 10,515,641

9 October 2024
Aggregated daily volume (number of shares): 60,500
Weighted average share price per day (NOK): 177.4557
Total daily transaction value (NOK): 10,736,070

10 October 2024
Aggregated daily volume (number of shares): 59,900
Weighted average share price per day (NOK):179.3950
Total daily transaction value (NOK): 10,745,761

11 October 2024
Aggregated daily volume (number of shares): 57,692
Weighted average share price per day (NOK): 184.1858
Total daily transaction value (NOK): 10,626,047

Previously disclosed
Aggregated daily volume (number of shares): 13,392,212
Weighted average share price per day (NOK): 98.5246
Total daily transaction value (NOK): 1,319,461,948

Accumulated
Aggregated daily volume (number of shares): 13,687,804
Weighted average share price per day (NOK): 100.2827
Total daily transaction value (NOK): 1,372,649,607

The issuer's holding of own shares:
Following the completion of the above transactions, Subsea 7 S.A. owns a total of 5,089,836 of its own shares, corresponding to 1.68% of the issued share capital of Subsea 7 S.A. Total shares in issue, including treasury shares, were 302,188,272.

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.





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