Brief: Siem Industries Enters OTC Option Structure Regarding Subsea 7 Shares

Siem Industries SA

04/06/2019 08:22

June 4 (Reuters) - Subsea 7 SA  SUBC.OL :
    * SIEM INDUSTRIES INC. - MANDATORY NOTIFICATION OF TRADE -
PUT AND
CALL
    * SIEM INDUSTRIES INC. ANNOUNCES THAT IT HAS TODAY ENTERED
INTO AN
OTC OPTION STRUCTURE WITH 8 LEGS AND UNDERLYING SHARES BEING
SUBSEA 7 S.A. SHARES
    * IN EVENT THAT ALL OPTIONS ARE EXERCISED, NUMBER OF SUBSEA
7
SHARES BENEFICIALLY-OWNED BY COMPANY WILL INCREASE FROM
71,712,977 SHARES TO 83,872,977 SHARES, OR APPROXIMATELY 26.9%
OF SUBSEA 7'S ISSUED SHARES

Source text for Eikon:  ID:nObimX4dZa 
Further company coverage:  SUBC.OL 

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