Subsea 7 S.A. Announces Key Meetings Amid Strategic Moves

Subsea 7 S.A., a global leader in offshore projects and services for the evolving energy industry, has announced the dates for its Annual General Meeting (AGM) and Extraordinary General Meeting (EGM) of shareholders. The AGM is scheduled for 15:00 (local time) on 8 May 2025 at the company's registered office in Luxembourg, with the EGM to follow immediately thereafter. This announcement comes at a pivotal time for the company, as it navigates strategic initiatives and regulatory requirements.

The AGM and EGM are crucial for shareholders, as they will address administrative matters and proposed changes to the company's articles of association. Notably, the board of directors has requested authorization to waive, limit, and suppress the preferential subscription rights of existing shareholders. This move could have significant implications for the company's governance and shareholder value.



The proposed changes to the articles of association and the board's request to waive preferential subscription rights are not without controversy. On one hand, these changes could enable the company to raise capital more efficiently, potentially benefiting shareholders through strategic initiatives and growth opportunities. On the other hand, they could lead to a dilution of ownership and a concentration of power that could be detrimental to minority shareholders.

The proposed combination of Subsea 7 and Saipem, announced on 23 February 2025, adds another layer of complexity to the company's strategic landscape. While this merger will not be discussed at the upcoming EGM, it has already sparked investor speculation and anticipation. The stock price of Subsea 7 SA gained 1.01% on the last trading day (Monday, 24th Mar 2025), rising from kr168.30 to kr170.00. This gain could be partially attributed to investor sentiment surrounding the potential merger.

However, the volume fell on the last day by -371 thousand shares, which could be an early warning about possible changes over the next couple of days. This divergence between volume and price should be closely watched, as it may indicate a shift in investor sentiment. Furthermore, the stock has broken the wide and falling short-term trend up, which may be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is kr169.75, a level that may pose a second chance to hit a runner. According to fan-theory kr192.46 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

In conclusion, the upcoming AGM and EGM for Subsea 7 S.A. are set to address critical administrative matters and proposed changes that could significantly impact the company's governance and shareholder value. The proposed combination with Saipem and the potential changes to the articles of association and preferential subscription rights add layers of complexity and opportunity. Investors should closely monitor the stock price and any news related to these developments, as they could have a significant impact on the company's stock performance and investor sentiment in the near future.