Luxembourg - 19 September 2019 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY)
(the "Company") in accordance with the Oslo Børs rules, today announces the
details of awards under its 2018 Long-Term Incentive Plan (the "Plan") approved
by the Board on 18 September 2019.
The Company will make awards of 1,387,000 performance shares, subject to the
Plan's performance conditions, on 19 September 2019.
The following Primary Insiders were awarded performance shares under the Plan
and subsequently hold the following shares and options over shares:
Total Total
Performance Performance Owned Total
Shares Awarded Shares((¹)) Shares Options
Chief
Operating
John Evans Officer 60,000 218,929 55,046 Nil
Chief
Financial
Ricardo Rosa Officer 40,000 168,263 20,925 Nil
EVP -
Stuart Strategy &
Fitzgerald Commercial 35,000 125,977 7,945 Nil
Nathalie General
Louys Counsel 28,000 107,514 14,751 Nil
EVP - Human
Kate Lyne Resources 25,000 72,074 6,867 Nil
¹Total performance shares held include the awards made in 2019 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 is a global leader in the delivery of offshore projects and services
for the evolving energy industry, creating sustainable value by being the
industry's partner and employer of choice in delivering the efficient offshore
solutions the world needs.
Subsea 7 is listed on the Oslo Bors (SUBC), ISIN LU0075646355, LEI
222100AIF0CBCY80AH62.
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Contact for investment community enquiries:
Isabel Green
Investor Relations Director
Tel +44 208 210 5568
isabel.green@subsea7.com (mailto:isabel.green@subsea7.com)
www.subsea7.com (http://www.subsea7.com)