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06/02-2019 17:57:42: (SUBC) Subsea 7 share repurchase

Luxembourg – 6 February 2019 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY, ISIN
LU0075646355) today announced that on 6 February 2019 the Company purchased
130,000 of its shares at an average price of NOK 96.59 per share. This
represents approximately 0.04% of the Company's issued share capital.

The shares were purchased in accordance with the Company's share repurchase
programme initially announced on 31 July 2014 and extended to July 2019, as
announced on 26 July 2017. The shares have been acquired on the Oslo Børs in
accordance with the authority granted by the Board.

As at close of business on 6 February 2019 Subsea 7 S.A. held 11,709,024
treasury shares representing approximately 3.58% of the total number of issued
shares. Total shares in issue, including treasury shares, were 327,367,111.
	

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Subsea 7 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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Contact for enquiries:
Isabel Green
Investor Relations Director
Tel +44 20 8210 5568
isabel.green@subsea7.com
www.subsea7.co

Ekstern link: https://newsweb.oslobors.no/message/468886

Nyheten er levert av OBI.