Subsea 7 S.A. share repurchase
Published by David Bizley,
Senior Editor
Oilfield Technology,
Subsea 7 S.A. has announced that it purchased 17 000 of its shares at an average price of NOK 79.74 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 31 July 2014. The shares have been acquired on the Oslo Børs according to the authority granted by the Board.
As at close of business 23 April 2015 Subsea 7 S.A. held indirectly 4 813 956 treasury shares representing approximately 1.45% 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 253 482 shares were held in a separate employee benefit trust to support an employee share option plan. Total shares in issue, including treasury shares, were 332 167 067.
Adapted from a press release by David Bizley
Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/24042015/subsea-7-share-repurchase/
You might also like
Closing the Loop on Sulphide Scavenger Management: A Complete Analysis Toolkit for MEA, MMA, and MIPA/MBO Chemistries
In the oil and gas sector, the management of hydrogen sulphide (H2S) is a perpetual balancing act. For years, MEA-triazine has been the industry workhorse – efficient, cost-effective, and generally well-understood. However, as operators push for greater efficiency and contend with varying production environments, the chemical landscape has shifted. The reliance on standard MEA-triazine has evolved into a more complex mix of chemistries, including methylamine (MMA-triazine) and monoisopropanolamine (MBO) formulations.