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Where is the Company incorporated?

Subsea 7 S.A. is a 'Société Anonyme', organised in the Grand Duchy of Luxembourg under the Company Law of 1915, as amended. It was incorporated in Luxembourg in 1993 as the holding company for all of its activities.

The registered office is located at 412F, route d'Esch, L-2086 Luxembourg and is registered in the Companies' Register of the Luxembourg District Court under the designation R.C.S. Luxembourg B 43172.

Where is the Company's stock traded?

Subsea 7's shares are listed on the Oslo Børs (SUBC) and the US over-the-counter (OTC) market (SUBCY) as an American Depositary Receipt (ADR). 1 ADR = 1 share of common stock.

When does the Company report financial results?

The Company's year end is 31 December. Quarterly financial results are scheduled as follows:

  • Fourth quarter and full year results: announced in March
  • First quarter results: announced in April
  • Second quarter results: announced in July
  • Third quarter results: announced in November

In addition, the Company will provide information regarding project awards. These are published as soon as possible following contract signature, for all contracts exceeding $50 million. Contracts with a value below $50 million are usually not announced but are included in the total order intake each quarter. Subsea 7 defines the value of its announced contracts as follows:

  • Sizeable: between $50 million and $150 million
  • Substantial: $150 million and $300 million
  • Large: $300 million and $500 million
  • Very large: $500 million and $750 million
  • Major: over $750 million.

Does Subsea 7 observe a quiet period ahead of the release of financial results?

Subsea 7 observes a voluntary quiet period from the end of each quarter until the results for that quarter are published. During this time we have limited interaction with the capital markets, and information concerning the upcoming quarterly and full year results can not be discussed.

Where can I obtain a copy of the report & accounts?

The Company's Annual Reports are available for download here.

When is the next Annual General Meeting?

Ahead of each AGM, the date will be published in our financial calendar.

What is the Company's dividend policy?

The Board of Directors will review on an annual basis whether it is appropriate to return funds to shareholders by way of dividends or share buybacks. A record of share repurchases can be found here

Who are the Company's registrars?

Transfer agent and registrar - common shares
Postboks 1600
Tel: +47 23 26 80 16
E-mail: sten.sundby@dnb.no

Depositary bank - ADRs
For enquiries, beneficial ADR holders may contact the broker service of Deutsche Bank Trust Company Americas:
American Stock Transfer & Trust Company LLC
6201 15th Avenue
New York
NY 11219
Shareholder Service: +1 866 249 2593
E-mail: db@astfinancial.com
Website: www.adr.db.com


Where should shareholders direct stock administration questions?

Please direct questions to the Company's Registrars:

Common Shares - DNB Bank ASA
ADRs - Deutsche Bank Trust Company America

How many shares are in issue?

As at 31 December 2020 Subsea 7 S.A. had 450,000,000 authorised common shares. Total shares in issue were 300,000,000.

Is there an employee stock option scheme?

Yes, for selected managers.

What is the Company's core business?

Subsea 7 S.A. is a construction and services contractor to the offshore energy industry worldwide.

We provide integrated services, and we plan, design and deliver complex projects in harsh and challenging environments.

Our vision is simple - to be acknowledged by our clients, our people, and our shareholders, as the leading strategic partner in  engineering, construction and services.

Who are your main clients?

Our Subsea and Conventional business unit works with exploration and production companies throughout the world, including  International Oil Companies, National Oil Companies and Independent E&Ps. Our Renewables business unit works with established power companies as well as newer entrants to the offshore wind industry including oil companies engaged in Energy Transition. 

How many people does the Company employ?

Approximately 11,000 at 31 December 2020.

Where can I find out about Subsea 7's ADR programme?

Subsea 7 currently has a sponsored Level I American Depositary Receipt (ADR) programme with Deutsche Bank Trust Company Americas (Deutsche Bank).  For further information visit the ADR section of our website.  

What are Subsea 7's stock market identification details?

Ordinary share ticker     SUBC

ISIN                               LU0075646355

ADR ticker                     SUBCY

LEI                                 222100AIF0CBCY80AH62

What is Subsea 7's financing strategy?

At 31 December 2020, the Group had sufficient liquidity to meet its expected funding requirements for the next 12 months with cash and cash equivalents of $512 million. In addition, the Group had facilities of $656 million relating to the Group's multi-currency revolving credit and guarantee facility and $800 million relating to the Group's Euro Commercial Paper Programme, both of which remain unutilised. 

Further details of the Group's facilities can be found in the Annual Report for 2020 in "Note 26. Borrowings" (pages 106 and 107).  Updates to the Group's facilities may also be provided with the quarterly results which can be found here