Luxembourg - November 10, 2016 - Subsea 7 S.A. (Oslo
Børs: SUBC) (the "Company") in accordance with the
Oslo Børs rules, today announces the details of awards
under its 2013 Long-Term Incentive Plan (the "Plan")
approved by the Board on November 09, 2016.
The Company will make awards over 1,021,000
performance shares, subject to the Plan's performance
conditions on 10 November 2016.
The following Primary Insiders were awarded
performance shares under the Plan and subsequently
hold the following shares and options over shares:
Jean Cahuzac
Chief Executive Officer
Performance Shares Awarded 55,000
Total Performance Shares(¹) 199,392
Total Owned Shares 96,302
Total Options 100,000
Ricardo Rosa
Chief Financial Officer
Performance Shares Awarded 32,000
Total Performance Shares(¹) 115,396
Total Owned Shares 2,179
Total Options Nil
John Evans
Chief Operating Officer
Performance Shares Awarded 40,000
Total Performance Shares(¹) 142,595
Total Owned Shares 32,438
Total Options Nil
Oeyvind Mikaelsen
EVP - Commercial
Performance Shares Awarded 38,000
Total Performance Shares(¹) 124,396
Total Owned Shares 19,508
Total Options 45,000
Nathalie Louys
General Counsel
Performance Shares Awarded 20,000
Total Performance Shares(¹) 69,038
Total Owned Shares 3,814
Total Options 12,500
Keith Tipson
EVP - Human Resources
Performance Shares Awarded 20,000
Total Performance Shares(¹) 76,019
Total Owned Shares 23,363
Total Options 39,500
¹Total performance shares held include the awards made
in 2016 and represent the maximum award due to vest
assuming all performance conditions are met.
This message is submitted on behalf of the Company and
Subsea 7 S.A., as well as the named Primary Insiders.
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Subsea 7 S.A. is a seabed-to-surface engineering,
construction and services contractor to the offshore
energy industry worldwide.
We provide integrated services, and we plan, design
and deliver complex projects in harsh and challenging
environments.
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Contact for investment community enquiries:
Isabel Green
Investor Relations Director
Tel +44 (0)20 8210 5568
isabel.green@subsea7.com
www.subsea7.com