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Where is the Company incorporated?

Subsea7 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-1471 Luxembourg and is registered in the Companies' Register of the Luxembourg District Court under the designation R.C.S. Luxembourg B 43172.

Where are Subsea7's shares traded?

Subsea7'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 Subsea7 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 Subsea7 observe a quiet period ahead of the release of financial results?

Subsea7 observes a quiet period for 30 days before the results of each quarter are published. During this time we have limited interaction with the capital markets, and information concerning the upcoming 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 Subsea7's dividend policy?

Subsea7 announced on 29 February 2024 its intention to pay a regular annual dividend of NOK 6.00 per share. In addtion, the Board of Directors will review on an annual basis whether it is appropriate to return funds to shareholders by way of additional special dividend or share buyback. A record of dividends can be found here, and share repurchases here

Who are the Company's registrars?

Transfer agent and registrar - common shares
Postboks 1600
Tel: +47 23 26 80 16
E-mail: [email protected]

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: [email protected]
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?

At 31 December 2023 Subsea7 S.A. had 450,000,000 authorised common shares. The total number of shares in issue, including treasury shares, is 304,294,272. 

Is there an employee stock option scheme?

Yes, for selected managers.

What is Subsea7's core business?

Subsea7 is a global leader in the delivery of offshore projects and services for the energy industry. Subsea7 makes offshore energy transition possible through the continuous evolution of oil and gas and by enabling the growth of renewables and emerging energy. 

Who are Subsea7's 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 Subsea7 employ?

Approximately 15,000 at 29 February 2024. The year-end number is reported in the Sustainability Report.

Where can I find out about Subsea7's ADR programme?

Subsea7 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 Subsea7's stock market identification details?

Ordinary share ticker     SUBC

ISIN                               LU0075646355

ADR ticker                     SUBCY

LEI                                 222100AIF0CBCY80AH62

What is Subsea7's financing strategy?

At 31 December 2023, the Group had sufficient liquidity to meet its expected funding requirements for the next 12 months with cash and cash equivalents of $751 million. The Group had total liquidity of $1.6 billion. 

Further details of the Group's facilities can be found in the Annual Report. Updates to the Group's facilities may also be provided with the quarterly results which can be found here