In This Article:
Luxembourg – 18 March 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 11 March 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 11 March 2024 until 15 March 2024 Subsea 7 S.A. has repurchased a total of 206,353 own shares at the Oslo Stock Exchange at an average price of NOK 158.7045 per share.
| Overview of transactions | |||
| Dates | Aggregated daily volume | Weighted average share price per day | Total daily transaction value (NOK) |
| 11 March 2024 | 130,000 | 157.9878 | 20,538,414 |
| 12 March 2024 | 63,619 | 159.9236 | 10,174,180 |
| 13 March 2024 | 12,734 | 159.9307 | 2,036,558 |
| 14 March 2024 | - | - | - |
| 15 March 2024 | - | - | - |
| Previously disclosed | 10,765,425 | 76.0806 | 819,040,376 |
| Accumulated | 10,971,778 | 77.6346 | 851,789,527 |
|
| |||
| The issuer’s holding of own shares: | |||
**************************************************************************
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.