TGS - renewal of the Board's authorization to distribute dividends
(Thomson Reuters ONE) -
ASKER, NORWAY (10 May 2016) - Reference is made to the notice on 21 April 2016
where TGS informed that the Board had resolved a quarterly dividend of the NOK
equivalent of USD 0.15 per share subject to a renewal of the Board's
authorization to distribute quarterly dividends at the Annual General Meeting on
10 May 2016. The Annual General Meeting has today renewed the Board's
authorization to distribute quarterly dividends, and TGS confirms the following
key information relating to the cash dividend:
Dividend amount and declared currency: USD 0.15 per share (dividend will be paid
in NOK based on the exchange rate on 10 May 2016)
Last trading day including right: 13 May 2016
Ex-date: 18 May 2016
Record date: 19 May 2016
Payment date: 1 June 2016
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
Email: will.ashby(at)tgs.com
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
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#2011531]
Unternehmensinformation / Kurzprofil:
Datum: 11.05.2016 - 00:30 Uhr
Sprache: Deutsch
News-ID 470137
Anzahl Zeichen: 3610
contact information:
Town:
Asker
Kategorie:
Business News
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