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FAQs

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 December 31. Quarterly Earnings Results Press Releases are scheduled as follows:

  • Fourth Quarter and Full Year Results: Announced 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 in a timely manner, following the signing for all contracts exceeding $50 million. We believe this information may be of interest and is in keeping with the Company's open and transparent approach to communicating with shareholders and analysts.

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

This is available to download from the website, or can be sent by post upon completion of the Request Information and Feedback Form on the website. The website address is: www.subsea7.com

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.

Who are the company's registrars?

Transfer Agent and Registrar - Common Shares
DNB Bank ASA
Postboks 1600
Sentrum
NO-0021
Oslo
Norway
Tel: +47 23 26 80 16
E-mail: sten.sundby@dnb.no

Depository 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
Brooklyn
New York
NY 11219
USA
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 Subsea7'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