Reference is made to the stock exchange notice issued 16 December 2013, regarding exercise of options by primary insiders Roar Bekker and Anette Mellbye.
The payment of new shares has been determined based on a selling price of NOK 7.6015 per share.
Roar Bekker, CEO of EMGS, exercised 185,000 options at strike price of NOK 5.77 and has as part of the option exercise used part of the proceeds from the sale of these shares to purchase 10,000 shares in EMGS at NOK 7.6015 per share. Following the option exercise Roar Bekker owns 210,000 shares and holds 960,000 options in EMGS.
Anette Mellbye, Chief Legal Counsel of EMGS, has through the exercise of 44,000 options with strike price NOK 5.77 purchased a net of 9,941 shares in EMGS at a price of NOK 7.6015. Following this transaction, Mellbye holds 24,941 shares and 330,000 options in EMGS.
Contacts
Charlotte Knudsen, EMGS head of investor relations, +47 97 56 19 59
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 the 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 operates on a worldwide basis with main offices in Trondheim and Oslo, Norway; Houston, USA; and Kuala Lumpur, Malaysia.
For more information, visit www.emgs.com