ASKER, NORWAY (1 November 2018) - The following primary insiders of TGS have on 1 November 2018 purchased TGS shares:
CFO Sven Børre Larsen through Saturnia Invest AS has purchased 2,000 shares at a price of NOK 254.50 per share. Following the transaction, Mr. Larsen owns 5,600 shares in TGS. In addition, Mr. Larsen holds 96,000 freestanding warrants related to PSUs.
SVP Global Services Knut Agersborg has purchased 600 shares at a price of NOK 254.30 per share. Following the transaction, Mr. Agersborg owns 5,300 shares in TGS. In addition, Mr. Agersborg holds 71,000 freestanding warrants related to PSUs.
SVP New Ventures Erik Gustav Finnstrom has purchased 500 shares at a price of NOK 254.82. Following the transaction, Mr. Finnstrom owns 500 shares in TGS. In addition, Mr. Finnstrom holds 25,000 freestanding warrants related to PSUs.
Company summary
TGS-NOPEC Geophysical Company (TGS) provides multi-client geoscience data to oil and gas Exploration and Production companies worldwide. In addition to extensive global geophysical and geological data libraries that include multi-client seismic data, magnetic and gravity data, digital well logs, production data and directional surveys, TGS also offers advanced processing and imaging services, interpretation products, permanent reservoir monitoring and data integration solutions.
For more information visit TGS online at www.tgs.com.
Forward-looking statements and contact information
All statements in this press release other than statements of historical fact are forward-looking statements, which are subject to a number of risks, uncertainties and assumptions that are difficult to predict, and are based upon assumptions as to future events that may not prove accurate. These factors include TGS' reliance on a cyclical industry and principal customers, TGS' ability to continue to expand markets for licensing of data, and TGS' ability to acquire and process data products at costs commensurate with profitability. Actual results may differ materially from those expected or projected in the forward-looking statements. TGS undertakes no responsibility or obligation to update or alter forward-looking statements for any reason.
TGS-NOPEC Geophysical Company ASA is listed on the Oslo Stock Exchange (OSLO:TGS).
TGS sponsored American Depositary Shares trade on the U.S. over-the-counter market under the symbol "TGSGY".
For additional information about this press release please contact:
Sven Børre Larsen
Chief Financial Officer
Tel: +47 90 94 36 73
Email:sven.larsen@tgs.com
Will Ashby
SVP Investor Relations
HR & Communication
Tel: +1 713 860 2184
Email: will.ashby@tgs.com
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
