latest news releases from the newsroom
Petroleum Geo-Services ASA
PGS Restrusturing - Disclosure Material and Key Dates in U.S. Chapter 11
OLSO, Norway, and HOUSTON, Sept. 11, 2003 (PRIMEZONE) -- Petroleum Geo-Services ASA (debtor in possession) ("PGS" or the "Company") (OSE:PGS) (Pink Sheets:PGOGY) announced today that its ongoing restructuring efforts are progressing as planned. As previously announced, the Company voluntarily filed a petition for protection under Chapter 11 of the United States Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of New York (the "US Court") on July 29 2003. In a hearing in the US Court yesterday the proposed Disclosure Statement for the Company's First Amended Plan of Reorganization was approved in the form submitted and an order confirming court approval of the Disclosure Statement is expected to be entered shortly.
3Fri - the new pricing options
STOCKHOLM, Sweden, Sept. 11, 2003 (PRIMEZONE) -- On Monday, 15 September, 3 is to launch two new pricing options named 3Fri (3Free). 3Fri's selling point is its simplicity, with 60 or 300 free minutes and the same rates to all mobile and fixed networks in Sweden 24 hours a day.
Frontline Ltd. - Capital adjustments
HAMILTON, Bermuda, Sept. 11, 2003 (PRIMEZONE) -- Employees of Frontline (NYSE:FRO) have exercised options to acquire a total of 10,000 shares in Frontline. All shares have been acquired at a strike price of USD 8.60 per share. Total proceeds were USD 86,000.00.
Framfab has carried out a special issue of new shares
STOCKHOLM, Sweden, Sept. 11, 2003 (PRIMEZONE) -- Based on an authorization by a special meeting of shareholders on August 8, 2003, Framfab's board of directors decided on September 10, 2003 to carry out a special issue of 110,000,000 new shares. The purpose of the issue is to increase the number of Framfab's large institutional shareholders, to provide greater security for the company's clients, and to ensure that the company will enjoy a solid financial standing prior to the likely consolidation of the market in which Framfab intends to take an active part.