Ryanair cuts more Italian flights to April 8 over coronavirus
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Luxembourg – 01 December 2020 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) announces mandatory notification of the following share transaction by a primary insider. Siem Industries has entered into an OTC Option structure with a total of five legs and the underlying shares being Subsea 7 S.A.(OSE symbol SUBC) shares. The bought Puts for an aggregate of 1,140,600 shares and sold Calls with an aggregate of 836,600 shares, are: Expiry Bought Put Sold Call Strike price Underlying shares Underlying shares NOK 2020 Dec 18 353,000 - 79 2020 Dec 18 300,000 - 85 2020 Dec 18 - 349,000 94 2020 Dec 18 487,600 487,600 85 These positions have been entered into to offset part of the derivative positions held by the Company with maturity 18 December 2020. Siem Industries is represented on the Board of Directors of Subsea 7 S.A. by Kristian Siem, Subsea 7’s Chairman. AFTER THIS NOTIFICATION Number of Shares owned by Primary Insider Owned Shares: 73,522,977 Performance Shares: n/a Restricted Shares: n/a Number of options available to Primary Insider Options: 10,801,200 *********************************************************************** 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 Børs (SUBC), ISIN LU0075646355, LEI 222100AIF0CBCY80AH62. *********************************************************************** Contact for investment community enquiries: Katherine Tonks Investor Relations Director Tel +44 20 8210 5568 katherine.tonks@subsea7.com www.subsea7.com Attachment SUBC Mandatory Notification 011220 View comments
Understanding the Fragility of Business Models and Strategies
An exploration of why many business models fail and how to strengthen them against competition.