TGS : Stock Options exercised
(Thomson Reuters ONE) -
ASKER, NORWAY (6 May 2016) - 12 option holders have today, exercised in total
120,200 stock options. All options were exercised from the award in August 2011
secured by treasury shares at an exercise price of NOK 113.80 per share.
Following the exercise TGS holds 543,400 treasury shares. TGS' share capital is
NOK 25,533,997.50 consisting of 102,135,990 shares at a nominal value of NOK
0.25 per share.
The following primary insiders in TGS have on 6 May 2016 traded TGS shares
related to their exercise of stock options:
John Adamick, Senior VP Geological Products and Services, has exercised 14,400
stock options and sold the same number of shares in TGS at an average price of
NOK 131.03 per share. After this transaction John Adamick holds 36,000 shares in
TGS.
Zhiming Li, Senior VP Data Processing and Research & Development, has exercised
14,000 stock options and sold the same number of shares in TGS at an average
price of NOK 131.03 per share.
After this transaction Zhiming Li holds 105,694 shares in TGS.
Attached is the list of the primary insiders exercising stock options.
Company summary
TGS-NOPEC Geophysical Company (TGS) provides multi-client geoscience data to oil
and gas Exploration and Production companies worldwide. In addition to
extensive global geophysical and geological data libraries that include multi-
client seismic data, magnetic and gravity data, digital well logs, production
data and directional surveys, TGS also offers advanced processing and imaging
services, interpretation products, and data integration solutions.
For more information visit TGS online at www.tgs.com.
Forward-looking statements and contact information
All statements in this press release other than statements of historical fact
are forward-looking statements, which are subject to a number of risks,
uncertainties and assumptions that are difficult to predict, and are based upon
assumptions as to future events that may not prove accurate. These factors
include TGS' reliance on a cyclical industry and principle customers, TGS'
ability to continue to expand markets for licensing of data, and TGS' ability to
acquire and process data products at costs commensurate with profitability.
Actual results may differ materially from those expected or projected in the
forward-looking statements. TGS undertakes no responsibility or obligation to
update or alter forward-looking statements for any reason.
TGS-NOPEC Geophysical Company ASA is listed on the Oslo Stock Exchange
(OSLO:TGS).
TGS sponsored American Depositary Shares trade on the U.S. over-the-counter
market under the symbol "TGSGY".
For additional information about this press release please contact:
Sven Børre Larsen
Chief Financial Officer
Tel: +47 90 94 36 73
Email: sven.larsen(at)tgs.com
Will Ashby
VP HR and Communication
Tel: +1 713 860 2184
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Email: will.ashby(at)tgs.com
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
Stock options exercised by primary insiders 6 May 2016:
http://hugin.info/86869/R/2010430/744126.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire 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: TGS via GlobeNewswire
[HUG#2010430]
Unternehmensinformation / Kurzprofil:
Datum: 07.05.2016 - 04:08 Uhr
Sprache: Deutsch
News-ID 469363
Anzahl Zeichen: 4164
contact information:
Town:
Asker
Kategorie:
Business News
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