Subsea 7 Authorises $200M Share Repurchase

Subsea 7 Board of Directors authorised a new share repurchase programme of up to USD 200 million.

The share repurchases are to be carried out within two years and the repurchased shares will be held in treasury and will be cancelled or used to fulfill obligations under Subsea 7’s employee share-based payment schemes.

Shares will be repurchased in the open market on the Oslo Stock Exchange.

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