EMGS: New share capital registered
Reference is made to the stock exchange notifications published by Electromagnetic Geoservices ASA ("EMGS" or the "Company") pertaining to the Comprehensive Refinancing, including the stock exchange notifications published on 16 April 2018 and 19 April 2018.
Reference is further made to the stock exchange notification published on 7 May 2018, wherein it was announced, amongst other things, that the Company would issue a total of 39,540,816 new shares (the "New Shares"), each at a subscription price of NOK 2.45 per share.
The share capital increase pertaining to the New Shares has now been registered with the Norwegian Register of Business Enterprises. The Company's new registered share capital is NOK 130.969,690, divided on 130.969,690 shares, each with a par value of NOK 1.
The New Shares will be delivered to the subscribers' VPS accounts on 18 May 2018.
For further information, please contact:
Hege Veiseth, CFO, +47 99 21 67 43
EMGS, the marine EM market leader, uses its proprietary electromagnetic (EM) technology to support oil and gas companies in their search for offshore hydrocarbons. EMGS supports each stage in the workflow, from survey design and data acquisition to processing and interpretation. The Company's services enable the integration of EM data with seismic and other geophysical and geological information to give explorationists a clearer and more complete understanding of the subsurface. This improves exploration efficiency and reduces risks and the finding costs per barrel.
EMGS operates on a worldwide basis with offices in Trondheim, Oslo, Houston, Villahermosa, Rio de Janeiro and Kuala Lumpur.
For more information, visit www.emgs.com