Subsea 7 SA
Description
Subsea 7 SA announced that on March 25 the company repurchased 240,000 of its shares at an average price of NOK 104.92 per share. This represents approximately 0.07% of the company's issued share capital.
The shares were repurchased in accordance with the company's share repurchase program announced on February 28. The shares have been acquired on the Oslo Børs in accordance with the authority granted by the Board.
As at close of business on March 25 Subsea 7 SA held 14,054,261 treasury shares representing approximately 4.29% of the total number of issued shares. Total shares in issue, including treasury shares, were 327,367,111.