Electromagnetic Geoservices ASA (EMGS) announced today that its Board of Directors on 19 February 2008, approved a share issue of 64,985 shares, each with a face value of NOK 0.25. As a result, the share capital will be increased from NOK 18,546,693.25 with NOK 16,246.25 to NOK 18,562,939.50.
The shares are payment in part to some of the former shareholders of KMS Technologies under the transaction disclosed on 15 November 2007.
An update Company Certificate of Registration will be sent to OSE when received from the Register of Business Enterprises.
Contact
Svein T. Knudsen, chief financial officer, +47 73 56 88 10
Svein T. Knudsen, chief financial officer, +47 73 56 88 10