Subsea 7 S.A. Extraordinary General Meeting [Yahoo! Finance]
SUBSEA 7 S.A. S/ADR (SUBCY)
NASDAQ:AMEX Investor Relations:
subsea7.com/en/investor-relations.html
Company Research
Source: Yahoo! Finance
Luxembourg – 25 September 2025 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY, the Company) today announced that, at the extraordinary general meeting of shareholders on 25 September 2025, the purpose of which was to approve the proposed combination between Subsea7 and Saipem all resolutions were approved. As well as the approval of the proposed combination between Subsea7 and Saipem, shareholders approved the payment of both proposed dividends: (i) a dividend in the amount of €450 million, equating to approximately NOK 18.00 per share in accordance with the terms of the merger with Saipem, conditional on completion of the merger and expected to be paid immediately before the proposed merger effective date; and (ii) a special dividend of €105 million, equating to approximately NOK 4.15 per share. This distribution is related to a permitted business divestment in accordance with the merger agreement with Saipem. The distribution is expected to be paid after closing of the relevant tra
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