Subsea7 outlines cash compensation for Saipem merger dissenters

Subsea 7 S.A. has published further information regarding its Extraordinary General Meeting (EGM) on September 25, 2025, which will address the proposed combination with Saipem. Shareholders who vote against the common merger plan will be entitled to a Withdrawal Cash Compensation of NOK 135.51 per share, in accordance with Luxembourg Company Law.

The company has made the full withdrawal documentation available on its website. This includes forms for withdrawal declarations, proxy for exercising withdrawal rights, instruction letters for financial intermediaries and VPS account operators, and certificates of confirmations and instructions to DNB Bank ASA.

The announcement also includes a "No Offer or Solicitation" disclaimer, clarifying that the document does not constitute an offer of merger consideration shares or any other securities in the United States.