TGS Board Decides to Grant Stock Options
(Thomson Reuters ONE) - The Board of Directors of TGS-NOPEC Geophysical Company ASAauthorized at their meeting on August 5th, 2009 the award of StockOptions to be granted to 36 key employees of the Company. A total of604,000 Stock Options will be granted on August 13th, 2009 and theexercise price will be the closing price of the share on the OSE theday before, August 12th, 2009.In accordance with the measures approved by the Shareholders ofTGS-NOPEC at the Ordinary General Meeting on June 4th, 2009, theseoptions are secured by warrants.The optionees will be entitled to exercise their options as follows:25% of the total number beginning on August 13th, 2010; 50% of thetotal number beginning on August 13th, 2011, less any optionspreviously issued; 75% of the total number beginning on August 13th,2012, less any options previously issued; 100% of the total numberbeginning on August 13th, 2013, less any options previously issued.The options may not be exercised after June 5th, 2014.This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 05.08.2009 - 21:09 Uhr
Sprache: Deutsch
News-ID 4390
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