Subsea 7 S.A. Mandatory Notification Of Share Trades
02 Ottobre 2019 - 6:19PM
UK Regulatory
TIDMSUBC
Subsea 7 S.A. Mandatory notification of share trades
Luxembourg -- 02 October 2019 - 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 Chief Executive Officer
----- ---------------------- -----------------------------------------------
b) Initial notification/ Initial Notification
Amendment
----- ---------------------- -----------------------------------------------
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 Subsea 7 S.A. Shares
financial instrument, Oslo Børs: SUBC
type of instrument ISIN LU0075646355
Identification code
----- ---------------------- -----------------------------------------------
b (i) Nature of the Vesting (award) of performance shares
transaction
----- ---------------------- -----------------------------------------------
c (i) Price(s) and volume(s) Volume: 41,141
Price: NOK 92.764524
----- ---------------------- -----------------------------------------------
b Nature of the Sale of Shares to satisfy tax charge on vesting
(ii) transaction of performance shares
----- ---------------------- -----------------------------------------------
c Price(s) and volume(s) Volume: 18,626
(ii) Price: NOK 92.764524
----- ---------------------- -----------------------------------------------
d) Aggregated information Aggregate volume: 29,884
Aggregate price: NOK 92.764524
----- ---------------------- -----------------------------------------------
e) Date of the 2019 -- 10 -- 01 (1 October 2019)
transaction
----- ---------------------- -----------------------------------------------
f) Place of the b(i): Outside a trading venue
transaction b(ii): The Oslo Bors Stock Exchange OSE
----- ---------------------- -----------------------------------------------
Instruments owned Owned Shares: 151,319
by Primary Insider Performance Shares: 149,868
after the transaction Restricted Shares: Nil
completed Options: Nil
----- ---------------------- -----------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
----- -----------------------------------------------------------------------
a) Name John Evans
----- ---------------------- -----------------------------------------------
2 Reason for the notification
----- -----------------------------------------------------------------------
a) Position/status Chief Operating Officer
----- ---------------------- -----------------------------------------------
b) Initial notification/ Initial Notification
Amendment
----- ---------------------- -----------------------------------------------
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 Subsea 7 S.A. Shares
financial instrument, Oslo Børs: SUBC
type of instrument ISIN LU0075646355
Identification code
----- ---------------------- -----------------------------------------------
b (i) Nature of the Vesting (award) of performance shares
transaction
----- ---------------------- -----------------------------------------------
c (i) Price(s) and volume(s) Volume: 29,526
Price: NOK 92.764524
----- ---------------------- -----------------------------------------------
b Nature of the Sale of Shares to satisfy tax charge on vesting
(ii) transaction of performance shares
----- ---------------------- -----------------------------------------------
c Price(s) and volume(s) Volume: 13,962
(ii) Price: NOK 92.764524
----- ---------------------- -----------------------------------------------
d) Aggregated information Aggregate volume: 21,609
Aggregate price: NOK 92.764524
----- ---------------------- -----------------------------------------------
e) Date of the 2019 -- 10 -- 01 (1 October 2019)
transaction
----- ---------------------- -----------------------------------------------
f) Place of the b(i): Outside a trading venue
transaction b(ii): The Oslo Bors Stock Exchange OSE
----- ---------------------- -----------------------------------------------
Instruments owned Owned Shares: 70,610
by Primary Insider Performance Shares: 171,683
after the transaction Restricted Shares: Nil
completed Options: Nil
----- ---------------------- -----------------------------------------------
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/ Initial Notification
Amendment
----- ---------------------- -----------------------------------------------
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 Subsea 7 S.A. Shares
financial instrument, Oslo Børs: SUBC
type of instrument ISIN LU0075646355
Identification code
----- ---------------------- -----------------------------------------------
b (i) Nature of the Vesting (award) of performance shares
transaction
----- ---------------------- -----------------------------------------------
c (i) Price(s) and volume(s) Volume: 23,780
Price: NOK 92.764524
----- ---------------------- -----------------------------------------------
b Nature of the Sale of Shares to satisfy tax charge on vesting
(ii) transaction of performance shares
----- ---------------------- -----------------------------------------------
c Price(s) and volume(s) Volume: 11,245
(ii) Price: NOK 92.764524
----- ---------------------- -----------------------------------------------
d) Aggregated information Aggregate volume: 17,513
Aggregate price: NOK 92.764524
----- ---------------------- -----------------------------------------------
e) Date of the 2019 -- 10 -- 01 (1 October 2019)
transaction
----- ---------------------- -----------------------------------------------
f) Place of the b(i): Outside a trading venue
transaction b(ii): The Oslo Bors Stock Exchange OSE
----- ---------------------- -----------------------------------------------
Instruments owned Owned Shares: 33,460
by Primary Insider Performance Shares: 130,307
after the transaction Restricted Shares: Nil
completed Options: Nil
----- ---------------------- -----------------------------------------------
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/ Initial Notification
Amendment
----- ---------------------- -----------------------------------------------
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 Subsea 7 S.A. Shares
financial instrument, Oslo Børs: SUBC
type of instrument ISIN LU0075646355
Identification code
----- ---------------------- -----------------------------------------------
b (i) Nature of the Vesting (award) of performance shares
transaction
----- ---------------------- -----------------------------------------------
c (i) Price(s) and volume(s) Volume: 14,171
Price: NOK 92.764524
----- ---------------------- -----------------------------------------------
b Nature of the Sale of Shares to satisfy tax charge on vesting
(ii) transaction of performance shares
----- ---------------------- -----------------------------------------------
c Price(s) and volume(s) Volume: 6,701
(ii) Price: NOK 92.764524
----- ---------------------- -----------------------------------------------
d) Aggregated information Aggregate volume: 10,436
Aggregate price: NOK 92.764524
----- ---------------------- -----------------------------------------------
e) Date of the 2019 -- 10 -- 01 (1 October 2019)
transaction
----- ---------------------- -----------------------------------------------
f) Place of the b(i): Outside a trading venue
transaction b(ii): The Oslo Bors Stock Exchange OSE
----- ---------------------- -----------------------------------------------
Instruments owned Owned Shares: 22,221
by Primary Insider Performance Shares: 84,483
after the transaction Restricted Shares: Nil
completed Options: Nil
----- ---------------------- -----------------------------------------------
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 -- Strategy and Commercial
--- ---------------------- ---------------------------------------------------
b) Initial notification/ Initial Notification
Amendment
--- ---------------------- ---------------------------------------------------
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 Subsea 7 S.A. Shares
financial instrument, Oslo Børs: SUBC
type of instrument ISIN LU0075646355
Identification code
--- ---------------------- ---------------------------------------------------
b Nature of the Vesting (award) of performance shares
(i) transaction
--- ---------------------- ---------------------------------------------------
c Price(s) and volume(s) Volume: 5,736
(i) Price: NOK 92.764524
--- ---------------------- ---------------------------------------------------
d) Aggregated information Aggregate volume: 5,736
Aggregate price: NOK 92.764524
--- ---------------------- ---------------------------------------------------
e) Date of the 2019 -- 10 -- 01 (1 October 2019)
transaction
--- ---------------------- ---------------------------------------------------
f) Place of the Outside a trading venue
transaction
--- ---------------------- ---------------------------------------------------
Instruments owned Owned Shares: 13,681
by Primary Insider Performance Shares: 107,302
after the transaction Restricted Shares: Nil
completed Options: Nil
--- ---------------------- ---------------------------------------------------
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/ Initial Notification
Amendment
----- ---------------------- -----------------------------------------------
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 Subsea 7 S.A. Shares
financial instrument, Oslo Børs: SUBC
type of instrument ISIN LU0075646355
Identification code
----- ---------------------- -----------------------------------------------
b (i) Nature of the Vesting (award) of performance shares
transaction
----- ---------------------- -----------------------------------------------
c (i) Price(s) and volume(s) Volume: 8,412
Price: NOK 92.764524
----- ---------------------- -----------------------------------------------
b Nature of the Sale of Shares to satisfy tax charge on vesting
(ii) transaction of performance shares
----- ---------------------- -----------------------------------------------
c Price(s) and volume(s) Volume: 3,978
(ii) Price: NOK 92.764524
----- ---------------------- -----------------------------------------------
d) Aggregated information Aggregate volume: 6,195
Aggregate price: NOK 92.764524
----- ---------------------- -----------------------------------------------
e) Date of the 2019 -- 10 -- 01 (1 October 2019)
transaction
----- ---------------------- -----------------------------------------------
f) Place of the b(i): Outside a trading venue
transaction b(ii): The Oslo Bors Stock Exchange OSE
----- ---------------------- -----------------------------------------------
Instruments owned Owned Shares: 11,301
by Primary Insider Performance Shares: 58,346
after the transaction Restricted Shares: Nil
completed Options: Nil
----- ---------------------- -----------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
----- -----------------------------------------------------------------------
a) Name Keith Tipson
----- ---------------------- -----------------------------------------------
2 Reason for the notification
----- -----------------------------------------------------------------------
a) Position/status Executive Vice President
----- ---------------------- -----------------------------------------------
b) Initial notification/ Initial Notification
Amendment
----- ---------------------- -----------------------------------------------
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 Subsea 7 S.A. Shares
financial instrument, Oslo Børs: SUBC
type of instrument ISIN LU0075646355
Identification code
----- ---------------------- -----------------------------------------------
b (i) Nature of the Vesting (award) of performance shares
transaction
----- ---------------------- -----------------------------------------------
c (i) Price(s) and volume(s) Volume: 15,740
Price: NOK 92.764524
----- ---------------------- -----------------------------------------------
b Nature of the Sale of Shares to satisfy tax charge on vesting
(ii) transaction of performance shares
----- ---------------------- -----------------------------------------------
c Price(s) and volume(s) Volume: 7,443
(ii) Price: NOK 92.764524
----- ---------------------- -----------------------------------------------
d) Aggregated information Aggregate volume: 11,592
Aggregate price: NOK 92.764524
----- ---------------------- -----------------------------------------------
e) Date of the 2019 -- 10 -- 01 (1 October 2019)
transaction
----- ---------------------- -----------------------------------------------
f) Place of the b(i): Outside a trading venue
transaction b(ii): The Oslo Bors Stock Exchange OSE
----- ---------------------- -----------------------------------------------
Instruments owned Owned Shares: 44,347
by Primary Insider Performance Shares: 56,842
after the transaction Restricted Shares: Nil
completed Options: Nil
----- ---------------------- -----------------------------------------------
*********************************************************************************
Subsea 7 is a global leader in the delivery of offshore projects and
services for the evolving energy industry, creating sustainable value by
being the industry's partner and employer of choice in delivering the
efficient offshore solutions the world needs.
Subsea 7 is listed on the Oslo Børs (SUBC), ISIN LU0075646355, LEI
222100AIF0CBCY80AH62.
*********************************************************************************
Contact for investment community enquiries:
Isabel Green
Investor Relations Director
Tel +44 208 210 5568
https://www.globenewswire.com/Tracker?data=AvHAlPCJ7EH4rMlX0-kGZqnCuBwgV9NEDsjVaNg2rk9u0dlL3LeHkkFtv2NPzQ3zuquUKK55woluqp8DVRIz7oxy3AjAGarHrDgeCde878s=
isabel.green@subsea7.com
https://www.globenewswire.com/Tracker?data=4HLb8ZbZMYJfPXsnr52ZbX9iC6r56qXImoHeY3G_GfvV6s3kjr2B2oZOd9m7kzWpOPtQrLatlyDxoRM60MWRTA==
www.subsea7.com
Attachment
-- SUBC 2019 vesting 01102019 - F
https://ml-eu.globenewswire.com/Resource/Download/e8025d27-3252-4fea-96a7-b26f77d72d68
(END) Dow Jones Newswires
October 02, 2019 12:19 ET (16:19 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.