ROVworld Subsea Information

Subsea 7 S.A. Share buyback
Date: Wednesday, April 18, 2012 @ 08:30:00 EDT
Topic: ONSHORE NEWS


Subsea 7Subsea 7 S.A.  On April 10, 2012 the Company purchased 423,000 of its shares at an average price of NOK 146.26 per share. This represents approximately 0.12% of the Company’s issued share capital. 



The shares were purchased in accordance with the Company’s share repurchase programme previously announced on March 16, 2012. The shares have been acquired on the Oslo Børs according to the authority granted by the Board.
 
As at April 10, 2012, Subsea 7 S.A. held indirectly 11,266,389 treasury shares representing 3.20% of the total number of issued shares. In addition, 914,000 shares were held in an employee benefit trust to support the 2009 Long-Term Incentive Plan and a further 1,707,985 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.
 
For further information, please contact: 
Karen Menzel
Subsea 7 S.A.
+44 (0)20 8210 5568 






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