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MeldingsID: 348692
Dato/tid 21.03.2014 08:00
Utsteder Subsea 7 S.A.
UtstederID SUBC
Instrument SUBC
Marked OB
Informasjonspliktig   Informasjonspliktige opplysninger
Tittel Subsea 7 S.A share repurchase
Luxembourg - 21 March 2014 - Subsea 7 S.A. (Oslo 

Børs: SUBC; the Company) announced that on 20 March 

2014 the Company purchased 24,441 of its shares at an 

average price of NOK 103.67 per share. This 

represents approximately 0.01% of the Company's 

issued share capital.

The shares were purchased in accordance with the 

Company's share repurchase programme previously 

announced on 7 October 2013. The shares have been 

acquired on the Oslo Børs according to the authority 

granted by the Board.

As at close of business 20 March 2014 Subsea 7 S.A. 

held indirectly 17,698,987 treasury shares 

representing approximately 5.03% 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 682,677 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.

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