Subsea 7 S.A. notification of major holding

Source: www.gulfoilandgas.com 4/19/2024, Location: Not categorized

Subsea 7 S.A. announced that, on 19 April 2024, Barclays Capital Securities Limited1 informed the Company that it had breached thresholds provided for by Luxembourg’s Transparency Law of 11 January 2008 on transparency requirements for issuers of securities as amended (the “Transparency Law”) as follows:

15 April 2024
On 15 April 2024 the total number of voting rights in the Company according to Article 8 and 9 of the Transparency Law attached to shares held by Barclays was 22,559 representing less than 0.01% of the voting rights in the Company
On 15 April 2024 the total number of voting rights in the Company attached to financial instruments with similar economic effect according to Article 12 (1) (a) of the Transparency Law (right to recall) were 14,625,242 representing 4.80% of the voting rights in the Company
On 15 April 2024 the total number of voting rights in the Company attached to financial instruments with similar economic effect according to Article 12 (1) (b) of the Transparency Law (swaps) were 572,734 representing 0.18% of the voting rights in the Company
When combined, the above positions equate to 5.00% of voting rights of Subsea 7 S.A.

16 April 2024
On 16 April 2024 the total number of voting rights in the Company according to Article 8 and 9 of the Transparency Law attached to shares held by Barclays was nil
On 16 April 2024 the total number of voting rights in the Company attached to financial instruments with similar economic effect according to Article 12 (1) (a) of the Transparency Law (right to recall) was nil
On 16 April 2024 the total number of voting rights in the Company attached to financial instruments with similar economic effect according to Article 12 (1) (b) of the Transparency Law (swaps) was nil

When combined, the above positions equate to 0.00% of voting rights of Subsea 7 S.A.

A copy of the notifications received from Barclays is available on the Subsea7 website www.subsea7.com.

1 A wholly-owned subsidiary of Barclays Plc





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