Derivatives: Adjustment in PGS due to subsequent offering (119/16)


The following information is based on a press release from Petroleum Geo-Services ASA (PGS) published on November 23, 2016 and may be subject to change.

The board of PGS has proposed that the Extraordinary General Meeting (EGM), scheduled for December 14, 2016 approves a subsequent offering of up to 13 500 000 new shares with preferential rights for existing shareholders. The Ex-date is today, November 23, 2016. NASDAQ Derivatives Markets will carry out a re-calculation of options, forwards and futures in PGS (PGS). 

The option and forward/future contracts in PGS are suspended for trading on November 23, 2016.

For further information, please see the attached file.


Attachments

119_PGS_rights_issue_1.pdf