Based on the power of attorney granted at the annual general meeting of EMGS on 21 June 2013, the Board of Directors of EMGS has in board proceedings 10 April 2014 approved a share issue of 26,000 shares, each with a face value of NOK 0.25 at the option price of NOK 4.28 per share for 13,000 of the new shares and NOK 5.77 for 13,000 of the new shares. The share issue is completed through exercising of stock options in connection with EMGS' stock option program.
As a result, the share capital will be increased by NOK 6,500 from NOK 49,934,888.75 to NOK 49,941,388.75. The number of shares after the issue is 199,765,555.
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