TGS - Share capital registered

TGS - Share capital registered

ID: 525258

(Thomson Reuters ONE) -


ASKER, NORWAY (20 February 2017) Following the stock option exercises as
notified by Oslo Stock Exchange on 16 February 2017, 33,050 new shares were
today registered in the Company Register in Brønnøysund for exercises from the
2013 stock option plans secured by warrants. The share capital of TGS is
thereafter NOK 25,542,260 consisting of 102,169,040 shares at a nominal value of
NOK 0.25 per share. TGS holds 247,625 of the issued shares as treasury shares.


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 & Communication
Tel: +1 713 860 2184
Email: will.ashby(at)tgs.com


This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.




This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: TGS via GlobeNewswire




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Bereitgestellt von Benutzer: hugin
Datum: 20.02.2017 - 22:02 Uhr
Sprache: Deutsch
News-ID 525258
Anzahl Zeichen: 3097

contact information:
Town:

Asker



Kategorie:

Business News



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