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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 21 May 2024, Subsea 7 S.A. held 5,393,304 treasury shares representing approximately 1.77% of the total number of issued shares. The major shareholdings below are based upon A) 304,294,272 total shares and B) 298,900,968  shares outstanding. 

The 20 largest shareholders on 30 April 2024 were:

Rank Name A B
1 Siem Industries S.A. 23.3% 23.7%
2 Folketrygdfondet 8.3% 8.5%
3 Elliott Management  4.5% 4.6%
4 BlackRock Institutional Trust 3.6% 3.7%
5 Storebrand Kapitalforvaltning 2.5% 2.6%
6 The Vanguard Group, Inc. 2.2% 2.3%
7 Pareto Asset Management 2.1% 2.1%
8 DNB Asset Management AS 2.1% 2.1%
9 SAFE Investment Company 1.9% 1.9%
10 SONGA CAPITAL AS 1.9% 1.9%
11 KLP Fondsforvaltning AS 1.8% 1.9%
12 Alfred Berg Kapitalforvaltning 1.8% 1.8%
13 ODIN Forvaltning AS 1.3% 1.3%
14 Robotti & Company 1.2% 1.2%
15 Artisan Partners  1.2% 1.2%
16 Key Group Holdings 1.1% 1.1%
17 Lupus alpha Asset Mgmt 0.9% 0.9%
18 Metzler Asset Management 0.8% 0.8%
19 Arrowstreet Capital 0.8% 0.8%
20 State Street Global Advisors 0.7% 0.7%

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