Conversion of shares - Fugro Norway AS NOK 150 million convertible loan
(Thomson Reuters ONE) -
Electromagnetic Geoservices ASA (EMGS) has received a request from Fugro Norway
AS to convert a loan amounting to NOK 150,000,000 to 27,777,778 shares at NOK
5.40 per share. The nominal value of this convertible bond will consequently be
nil.
The Company's share capital is presently NOK 39,951,178.75 divided into
159,804,715 shares, each with a par value of NOK 0.25. After the conversion,
EMGS will have 187,582,493 shares and a share capital of NOK 46,895,623.25. EMGS
will inform the marked as soon as the new share capital has been registered.
Contacts
Roar Bekker, EMGS chief executive officer, +47 22 01 14 00
Svein Knudsen, EMGS chief financial officer, +47 22 01 14 00
About EMGS
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
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 has conducted more than 500 surveys to improve drilling success rates
across the world's mature and frontier offshore basins. The company operates on
a worldwide basis with main offices in Trondheim and Stavanger, Norway; Houston,
USA; and Kuala Lumpur, Malaysia. Please visit www.emgs.com for more information.
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: EMGS via Thomson Reuters ONE
[HUG#1503440]
Unternehmensinformation / Kurzprofil:
Datum: 05.04.2011 - 08:56 Uhr
Sprache: Deutsch
News-ID 53161
Anzahl Zeichen: 2448
contact information:
Town:
Trondheim
Kategorie:
Business News
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