Major Shareholders
On behalf of Subsea7, and in accordance with the recommendation of Oslo Stock Exchange, Nasdaq Advisory Services conducts a monthly review of shareholders registered at nominee accounts. The review includes direct voting rights attached to shares only, and excludes indirect voting rights achieved through other financial instruments. Details of indirect voting rights over 5% may be found by here.
On 18 March 2024, Subsea 7 S.A. held 4,811,370 treasury shares representing approximately 1.58% of the total number of issued shares. The major shareholdings below are based upon A) 304,294,272 total shares and B) 299,482,902 shares outstanding.
The 20 largest shareholders on 29 February 2024 were:
| Rank | Name | A | B |
| 1 | Siem Industries S.A. | 23.3% | 23.7% |
| 2 | Folketrygdfondet | 8.2% | 8.3% |
| 3 | Elliott Management Corporation | 4.5% | 4.6% |
| 4 | Songa Capital AS | 3.7% | 3.8% |
| 5 | BlackRock Institutional Trust Company, N.A. | 3.7% | 3.7% |
| 6 | Storebrand Kapitalforvaltning AS | 2.6% | 2.6% |
| 7 | The Vanguard Group, Inc. | 2.2% | 2.3% |
| 8 | DNB Asset Management AS | 2.1% | 2.2% |
| 9 | Pareto Asset Management AS | 2.1% | 2.1% |
| 10 | KLP Fondsforvaltning AS | 1.9% | 2.0% |
| 11 | SAFE Investment Company Limited | 1.9% | 1.9% |
| 12 | Alfred Berg Kapitalforvaltning AS | 1.8% | 1.8% |
| 13 | ODIN Forvaltning AS | 1.4% | 1.5% |
| 14 | Amundi Asset Management, SAS | 1.4% | 1.5% |
| 15 | Robotti & Company Advisors, LLC | 1.2% | 1.2% |
| 16 | Artisan Partners Limited Partnership | 1.2% | 1.2% |
| 17 | Key Group Holdings (Cayman), Ltd. | 1.1% | 1.1% |
| 18 | Lotus Marine AS | 0.9% | 0.9% |
| 19 | Lupus alpha Asset Management AG | 0.9% | 0.9% |
| 20 | Metzler Asset Management GmbH | 0.9% | 0.9% |
This data is provided by Nasdaq Advisory Services and is obtained through an analysis of beneficial ownership and fund manager information provided in replies to disclosure of ownership notices issued to all custodians on the Subsea 7 S.A. VPS share register. Every reasonable effort has been made to verify the data, however neither Subsea7 nor Nasdaq Advisory Services can guarantee the accuracy of the analysis.
Changes to Major Shareholders can be found here. Changes to the holdings of Siem Industries S.A can be found here.
