Subsea7 share repurchases
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 at www.newsweb.no. | |||
