TGS Stock Options Granted
(Thomson Reuters ONE) - As notified to the OSE on August 5th, the Board of Directors ofTGS-NOPEC Geophysical Company ASA authorized at their meeting onAugust 5th, 2009 the award of Stock Options to be granted to 36 keyemployees of the Company on August 13th at exercise price equal tothe closing price of the share on the OSE the day before, August12th, 2009. Today, Thursday August 13th, 604.000 Stock Options weregranted at exercise price NOK 78.66 per share.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.The options/will be valid once the documents are finalized.This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 13.08.2009 - 07:50 Uhr
Sprache: Deutsch
News-ID 4662
Anzahl Zeichen: 0
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