Conversion of shares - USD 5 million convertible bond loan (9% EMGS ASA Senior Unsecured Convertible Bond Issue 2009/2011)
(Thomson Reuters ONE) -
Electromagnetic Geoservices ASA (EMGS) has received a request from bondholders
to convert bonds amounting to USD 800,000 to 930.233 shares at USD 0.86 per
share. The nominal value of this convertible bond will consequently be nil. The
Company's share capital is presently NOK 39,676,995.50 divided into 158,707,982
shares, each with a par value of NOK 0.25. After the conversion, EMGS will have
159,638,215 shares and a share capital of NOK 39,909,553.75. EMGS will inform
the marked as soon as the new share capital has been registered. The capital
increase announced on 1 March 2011 has not yet 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 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#1494704]
Unternehmensinformation / Kurzprofil:
Datum: 04.03.2011 - 15:41 Uhr
Sprache: Deutsch
News-ID 52160
Anzahl Zeichen: 2368
contact information:
Town:
Trondheim
Kategorie:
Business News
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