Subsea 7 S.A. cancels treasury shares
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Subsea 7 S.A. has cancelled 2,588,272 treasury shares, reducing its issued share capital by USD 5,176,544. This action decreases the total number of issued shares by approximately 0.9%.
December 18, 2024 | 2:30 pm
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Subsea 7 S.A. has cancelled 2,588,272 treasury shares, reducing its issued share capital by USD 5,176,544. This action decreases the total number of issued shares by approximately 0.9%.
The cancellation of treasury shares reduces the total number of shares outstanding, which can increase the value of remaining shares by improving earnings per share (EPS) and potentially leading to a positive market reaction.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100