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    Orbis companies build stake in Subsea 7

    Company News // December 1, 2016

    Subsea 7 has confirmed that on 28 November 2016, Orbis Allan Gray Limited and Orbis Holdings Limited jointly informed the company that on 24 November 2016 the total number of voting rights in the company held by Orbis Allan Gray Limited and Orbis Holdings Limited reached 16,363,693 shares, representing 4.99 per cent of the voting rights in the company, thereby crossing below the 5 per cent threshold provided for by Luxembourg's Transparency Law of 11 January 2008 on transparency requirements for issuers of securities.

    The 16,363,693 voting rights in the company held by Orbis Allan Gray Limited and Orbis Holdings Limited were all attached to shares.

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