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src="/content/dam/subsea7-corporate2018/Images/Banners/narrow-banners/Section-narrow-banners-2115x172_8.png"/> </div> <div class="breadcrumb"> <!-- currentPageLevel = 6, targetLevel = 6, startLevel = 3 --> <a href="/en/index.html">Subsea7</a> <span class="delimiter">/</span> <a href="/en/investors.html">Investors</a> <span class="delimiter">/</span> <a href="/en/investors/shareholder-centre.html">Shareholder Centre</a> <span class="delimiter">/</span> <span class="current">FAQs</span></div> <div class="row sharemenu" id="sharemenu"> <div class="row-inner"> <h3>Share this page on:</h3> <div class="navigation"> <div class="addthis_inline_share_toolbox"></div> </div> </div> </div> <div class="addthis-share-button-wrapper"> <button id="share-btn" class="dl-trigger addthis-btn">Share</button> </div> <script type="text/javascript" src="//s7.addthis.com/js/300/addthis_widget.js#pubid=ra-5ae74741ad363772"></script> <div class="page-content"> <div class="title"> <h1>FAQs</h1></div> <div class="par parsys"><div class="accordion2 parbase section"> <script type="text/javascript"> $(function () { initialiseSharedComponentsFunctionalAccordion({ speed: 400, start: 1, mode: 'separate', accordionId: 'par_accordion2' }); openAccordion('par_accordion2'); }); </script> <div id='par_accordion2' class="sharedComponentsFunctionalAccordion accordion-wrapper default" data-speed="400" data-start="1" data-mode="separate"> <div class="parsys accordionparsys"><div class="accordionitem parbase section"> <div id="par_accordion2item" class="accordion-content" > <div class="accordion-header-wrapper" id="null"> <h3 class="accordion-header">Where is the Company incorporated?</h3> <span class="accordion-header-icon"> </span> </div> <div class="accordion-content-wrapper"> <div class="accordion-content-inner"> <div class="parsys"><div class="text parbase section"> <div class="default"><p>Subsea7 S.A. is a 'Soci茅t茅 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.<br> <br> 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.<br> </p> </div> </div> </div> </div> </div> </div> </div> <div class="accordionitem parbase section"> <div id="par_accordion2item_243271132" class="accordion-content" > <div class="accordion-header-wrapper" id="null"> <h3 class="accordion-header">Where are Subsea7's shares traded?</h3> <span class="accordion-header-icon"> </span> </div> <div class="accordion-content-wrapper"> <div class="accordion-content-inner"> <div class="parsys"><div class="text parbase section"> <div class="default"><p>Subsea7's shares are listed on the Oslo B酶rs (SUBC) and the US over-the-counter (OTC) market (SUBCY) as an American Depositary Receipt (ADR). 1 ADR = 1 share of common stock.<br> </p> </div> </div> </div> </div> </div> </div> </div> <div class="accordionitem parbase section"> <div id="par_accordion2item_327191869" class="accordion-content" > <div class="accordion-header-wrapper" id="null"> <h3 class="accordion-header">When does Subsea7 report financial results?</h3> <span class="accordion-header-icon"> </span> </div> <div class="accordion-content-wrapper"> <div class="accordion-content-inner"> <div class="parsys"><div class="text parbase section"> <div class="default"><p>The Company's year end is 31 December. Quarterly financial results are scheduled as follows:</p> <ul> <li>Fourth quarter and full year results: announced in March</li> <li>First quarter results: announced in April</li> <li>Second quarter results: announced in July</li> <li>Third quarter results: announced in November</li> </ul> <p>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:<br> </p> <ul> <li>Sizeable: between $50 million and $150 million</li> <li>Substantial: $150 million and $300 million</li> <li>Large: $300 million and $500 million</li> <li>Very large: $500 million and $750 million</li> <li>Major: over $750 million.</li> </ul> </div> </div> </div> </div> </div> </div> </div> <div class="accordionitem parbase section"> <div id="par_accordion2item_256748003" class="accordion-content" > <div class="accordion-header-wrapper" id="null"> <h3 class="accordion-header">Does Subsea7 observe a quiet period ahead of the release of financial results?</h3> <span class="accordion-header-icon"> </span> </div> <div class="accordion-content-wrapper"> <div class="accordion-content-inner"> <div class="parsys"><div class="text parbase section"> <div class="default"><p>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.</p> </div> </div> </div> </div> </div> </div> </div> <div class="accordionitem parbase section"> <div id="par_accordion2item_236648461" class="accordion-content" > <div class="accordion-header-wrapper" id="null"> <h3 class="accordion-header">Where can I obtain a copy of the report & accounts?</h3> <span class="accordion-header-icon"> </span> </div> <div class="accordion-content-wrapper"> <div class="accordion-content-inner"> <div class="parsys"><div class="text parbase section"> <div class="default"><p>The Company's Annual Reports are available for download <a href="https://www.subsea7.com/en/investors/results-reports-and-presentations.category2.html" target="_blank">here</a>.<br> </p> </div> </div> </div> </div> </div> </div> </div> <div class="accordionitem parbase section"> <div id="par_accordion2item_1388884891" class="accordion-content" > <div class="accordion-header-wrapper" id="null"> <h3 class="accordion-header">When is the next Annual General Meeting?</h3> <span class="accordion-header-icon"> </span> </div> <div class="accordion-content-wrapper"> <div class="accordion-content-inner"> <div class="parsys"><div class="text parbase section"> <div class="default"><p>Ahead of each AGM, the date will be published in our <a href="/en/investors/financial-calendar.html" target="_blank">financial calendar</a>.<br> </p> </div> </div> </div> </div> </div> </div> </div> <div class="accordionitem parbase section"> <div id="par_accordion2item_880793473" class="accordion-content" > <div class="accordion-header-wrapper" id="null"> <h3 class="accordion-header">What is Subsea7's dividend policy?</h3> <span class="accordion-header-icon"> </span> </div> <div class="accordion-content-wrapper"> <div class="accordion-content-inner"> <div class="parsys"><div class="text parbase section"> <div class="default"><p>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 <a href="https://www.subsea7.com/en/investors/shareholder-centre/dividends.html">here</a>, and share repurchases <a href="https://www.subsea7.com/en/investors/shareholder-centre/share-repurchases.html" target="_blank">here</a>. <br> </p> </div> </div> </div> </div> </div> </div> </div> <div class="accordionitem parbase section"> <div id="par_accordion2item_1089741102" class="accordion-content" > <div class="accordion-header-wrapper" id="null"> <h3 class="accordion-header">Who are the Company's registrars?</h3> <span class="accordion-header-icon"> </span> </div> <div class="accordion-content-wrapper"> <div class="accordion-content-inner"> <div class="parsys"><div class="text parbase section"> <div class="default"><p><b>Transfer agent and registrar - common shares</b><br> DNB Bank ASA<br> Postboks 1600<br> Sentrum<br> NO-0021<br> Oslo<br> Norway<br> Tel: +47 23 26 80 16<br> E-mail: <a href="/cdn-cgi/l/email-protection" class="__cf_email__" data-cfemail="641710010a4a17110a00061d24000a064a0a0b">[email protected]</a></p> <p><b>Depositary bank - ADRs</b><br> For enquiries, beneficial ADR holders may contact the broker service of Deutsche Bank Trust Company Americas:<br> American Stock Transfer & Trust Company LLC<br> 6201 15th Avenue<br> Brooklyn<br> New York<br> NY 11219<br> USA<br> Shareholder Service: +1 866 249 2593<br> E-mail: <a href="/cdn-cgi/l/email-protection" class="__cf_email__" data-cfemail="6e0a0c2e0f1d1a0807000f000d070f02400d0103">[email protected]</a><br> Website: www.adr.db.com<br> </p> <p> </p> </div> </div> </div> </div> </div> </div> </div> <div class="accordionitem parbase section"> <div id="par_accordion2item_156370845" class="accordion-content" > <div class="accordion-header-wrapper" id="null"> <h3 class="accordion-header">Where should shareholders direct stock administration questions?</h3> <span class="accordion-header-icon"> </span> </div> <div class="accordion-content-wrapper"> <div class="accordion-content-inner"> <div class="parsys"><div class="text parbase section"> <div class="default"><p>Please direct questions to the Company's Registrars:<br> <br> Common Shares - DNB Bank ASA<br> ADRs - Deutsche Bank Trust Company America<br> </p> </div> </div> </div> </div> </div> </div> </div> <div class="accordionitem parbase section"> <div id="par_accordion2item_403258750" class="accordion-content" > <div class="accordion-header-wrapper" id="null"> <h3 class="accordion-header">How many shares are in issue?</h3> <span class="accordion-header-icon"> </span> </div> <div class="accordion-content-wrapper"> <div class="accordion-content-inner"> <div class="parsys"><div class="text parbase section"> <div class="default"><p>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 302,188,272. </p> </div> </div> </div> </div> </div> </div> </div> <div class="accordionitem parbase section"> <div id="par_accordion2item_490024812" class="accordion-content" > <div class="accordion-header-wrapper" id="null"> <h3 class="accordion-header">Is there an employee stock option scheme?</h3> <span class="accordion-header-icon"> </span> </div> <div class="accordion-content-wrapper"> <div class="accordion-content-inner"> <div class="parsys"><div class="text parbase section"> <div class="default"><p>Yes, for selected managers.<br> </p> </div> </div> </div> </div> </div> </div> </div> <div class="accordionitem parbase section"> <div id="par_accordion2item_1394682737" class="accordion-content" > <div class="accordion-header-wrapper" id="null"> <h3 class="accordion-header">What is Subsea7's core business?</h3> <span class="accordion-header-icon"> </span> </div> <div class="accordion-content-wrapper"> <div class="accordion-content-inner"> <div class="parsys"><div class="text parbase section"> <div class="default"><p>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. </p> </div> </div> </div> </div> </div> </div> </div> <div class="accordionitem parbase section"> <div id="par_accordion2item_2025072763" class="accordion-content" > <div class="accordion-header-wrapper" id="null"> <h3 class="accordion-header">Who are Subsea7's main clients?</h3> <span class="accordion-header-icon"> </span> </div> <div class="accordion-content-wrapper"> <div class="accordion-content-inner"> <div class="parsys"><div class="text parbase section"> <div class="default"><p>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. <br> </p> </div> </div> </div> </div> </div> </div> </div> <div class="accordionitem parbase section"> <div id="par_accordion2item_1282589165" class="accordion-content" > <div class="accordion-header-wrapper" id="null"> <h3 class="accordion-header">How many people does Subsea7 employ?</h3> <span class="accordion-header-icon"> </span> </div> <div class="accordion-content-wrapper"> <div class="accordion-content-inner"> <div class="parsys"><div class="text parbase section"> <div class="default"><p>Approximately 15,000 at 29 February 2024. The year-end number is reported in the <a href="https://www.subsea7.com/en/sustainability.html" target="_blank">Sustainability Report</a>.</p> </div> </div> </div> </div> </div> </div> </div> <div class="accordionitem parbase section"> <div id="par_accordion2item_565545547" class="accordion-content" > <div class="accordion-header-wrapper" id="null"> <h3 class="accordion-header">Where can I find out about Subsea7's ADR programme?</h3> <span class="accordion-header-icon"> </span> </div> <div class="accordion-content-wrapper"> <div class="accordion-content-inner"> <div class="parsys"><div class="text parbase section"> <div class="default"><p>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 <a href="/en/investors/shareholder-centre/adr-information.html" target="_blank">ADR section</a> of our website. </p> </div> </div> </div> </div> </div> </div> </div> <div class="accordionitem parbase section"> <div id="par_accordion2item_1923542257" class="accordion-content" > <div class="accordion-header-wrapper" id="null"> <h3 class="accordion-header">What are Subsea7's stock market identification details?</h3> <span class="accordion-header-icon"> </span> </div> <div class="accordion-content-wrapper"> <div class="accordion-content-inner"> <div class="parsys"><div class="text parbase section"> <div class="default"><p>Ordinary share ticker SUBC</p> <p>ISIN LU0075646355</p> <p>ADR ticker SUBCY</p> <p>LEI 222100AIF0CBCY80AH62</p> </div> </div> </div> </div> </div> </div> </div> <div class="accordionitem parbase section"> <div id="par_accordion2item_1075406833" class="accordion-content" > <div class="accordion-header-wrapper" id="null"> <h3 class="accordion-header">What is Subsea7's financing strategy?</h3> <span class="accordion-header-icon"> </span> </div> <div class="accordion-content-wrapper"> <div class="accordion-content-inner"> <div class="parsys"><div class="text parbase section"> <div class="default"><p>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. </p> <p>Further details of the Group's facilities can be found in the <a href="https://www.subsea7.com/en/investors/results-reports-and-presentations.category2.html" target="_blank" title="Annual Report">Annual Report</a>. Updates to the Group's facilities may also be provided with the quarterly results which can be found <a href="https://www.subsea7.com/en/investors/results-reports-and-presentations.category1.html" target="_blank">here</a>. </p> <p> </p> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> <div class="text parbase section"> <div class="default"><p> </p> <p> </p> </div> </div> </div> <div class="full-width-par parsys"> </div> <div class="par2 parsys"> </div> <div class="full-width-par2 parsys"> </div> <div class="par3 parsys"> </div> <div class="full-width-par3 parsys"> </div> </div> </div> <footer class="site-footer-wrapper"> <div class="row"> <div class="footer-links"> <div class="footer-links__menu"> <div class="footer-links__logo"><a href="/en/index.html"><img src="/etc/designs/subsea-7/corporate2018/images/logo-white.png" alt="Home"/></a></div> <ul> <li class="title"> <a href="/en/about-us.html">About Us</a> </li> <li><a href="/en/about-us/vision-and-values.html">Vision & Values</a></li> <li><a href="/en/about-us/our-leadership.html">Our Leadership</a></li> <li><a href="/en/about-us/governance.html">Governance</a></li> <li><a href="/en/about-us/where-we-operate.html">Where We Operate</a></li> <li><a href="https://careers.subsea7.com" target="_blank">Our Careers</a></li> </ul> <ul> <li class="title"> <a href="/en/our-business.html">Our Business</a> </li> <li><a href="/en/our-business/subsea7-group.html">Subsea7 Group</a></li> <li><a href="/en/our-business/what-we-do.html">What We Do</a></li> <li><a href="/en/our-business/subsea-and-conventional.html">Subsea and Conventional</a></li> <li><a href="/en/our-business/renewables-and-emerging-energy.html">Renewables and Emerging Energy</a></li> <li><a href="/en/our-business/Enabling-products.html">Enabling products</a></li> </ul> <ul> <li class="title"> <a href="/en/media/company-news.html">Useful Links</a> </li> <li><a href="/en/media/company-news.html?tab1=2021">Company News</a></li> <li><a href="/en/investors/results-reports-and-presentations.html">Results, Reports & Presentations</a></li> <li><a href="/en/investors/annual-report-2023.html">Annual Report</a></li> <li><a href="/en/investors/regulatory-news/news-alerts.html">Alerts</a></li> <li><a href="/en/contact-us/fraud-warning.html">Fraud Warning</a></li> <li><a href="/en/careers/recruitment-fraud.html">Recruitment Fraud</a></li> </ul> <ul class="social-links"> <li class="title"> Connect With Us </li> <li class="social"><a href="https://twitter.com/subsea7official" class="twitter">Twitter</a></li> <li class="social"><a href="https://www.facebook.com/Subsea7Official/" class="facebook">Facebook</a></li> <li class="social"><a href="https://www.linkedin.com/company/subsea-7/" class="linkedin">LinkedIn</a></li> <li class="social"><a href="https://www.youtube.com/channel/UCRI019_bpxv_oKeLyQ-icKA" class="youtube">Youtube</a></li> <li class="social"><a href="https://www.instagram.com/subsea7official" class="instagram">Youtube</a></li> </ul> </div> <div class="footer"> <div class="footer-wrapper"> <div class="footer-main"> <div class="footer-main-inner"> <div class="footer footerdefault"> <ul class="site-services-links"> <li> <a href="/en/site-services/privacy-and-cookies.html">Privacy & Cookies</a> </li> <li> <a href="/en/site-services/accessibility.html">Accessibility</a> </li> <li> <a href="/en/site-services/sitemap.html">Sitemap</a> </li> <li> <a href="/en/site-services/terms-and-conditions.html">Terms & Conditions</a> </li> </ul> </div> </div> </div> </div></div> <div class="copyright"><p>© Subsea7 2024<p></div> </div> </div> </footer> <script data-cfasync="false" src="/cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js"></script><script type="text/javascript"> _linkedin_partner_id = "3164220"; window._linkedin_data_partner_ids = window._linkedin_data_partner_ids || []; window._linkedin_data_partner_ids.push(_linkedin_partner_id); </script><script type="text/javascript"> (function(l) { if (!l){window.lintrk = function(a,b){window.lintrk.q.push([a,b])}; window.lintrk.q=[]} var s = document.getElementsByTagName("script")[0]; var b = document.createElement("script"); b.type = "text/javascript";b.async = true; b.src = "https://snap.licdn.com/li.lms-analytics/insight.min.js"; s.parentNode.insertBefore(b, s);})(window.lintrk); </script> <noscript> <img height="1" width="1" style="display:none;" alt="" src="https://px.ads.linkedin.com/collect/?pid=3164220&fmt=gif"/> </noscript> </body> </html>