Subsea 7 Announces Share Repurchase

Subsea 7 S.A. announced that on November 28 2013 the Company purchased 150,000 of its shares at an average price of NOK 119.62 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 previously announced on October 7, 2013. The shares have been acquired on the Oslo Børs according to the authority granted by the Board.

As at November 29, 2013, Subsea 7 S.A. held indirectly 11,783,382 treasury shares representing 3.35% of the total number of issued shares. In addition, 1,526,200 shares were held in an employee benefit trust to support the Long-Term Incentive Plan and a further 716,047 shares were held in a separate employee benefit trust to support the restricted stock award plan. Total shares in issue, including treasury shares, were 351,793,731.

Press Release, November 29, 2013

 

Share this article

Follow Subsea World News

Events>

<< Oct 2018 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31 1 2 3 4

Africa Oil Week 2018

The event brings together governments, national oil companies, investors, corporate players, independents and financiers – giving them…

read more >

Flow Measurement

The event will deliver technical presentations, showcase new…

read more >

Offshore Energy Exhibition & Conference 2018

Offshore Energy Exhibition & Conference (OEEC) is Europe’s leading offshore energy event. It is unique in bringing together the oil & gas…

read more >

SPE Asia Pacific Oil & Gas Conference and Exhibition 2018

As the energy industry adapts to a new status quo operating under sustained low oil prices, there continues to be a need for the industry…

read more >