New Share Capital after Conversion of Parts of Convertible Bond Oslo Stock Exchange:PGS

April 14, 2021; Oslo, Norway, reference is made to PGS ASA (the “Company”) convertible bond mortgage with ISIN NO0010920697 within the mixture quantity of NOK 116,162,097 issued in Q1 2021. The Company has obtained conversion notices from convertible bondholders representing NOK 8 424 249 on this bond situation to transform 8 424 249 bonds into shares with a conversion worth of NOK 3. Pursuant to straightforward phrases set out within the bond phrases, the bonds are thus convertible into 2,808,083 new freely tradable shares within the Company. After the conversion, the remaining principal excellent underneath the convertible bond mortgage quantities to NOK 95 116 698. The share capital enhance pertaining to the conversion of convertible bonds has at present been registered within the Norwegian Register of Business Enterprises (Nw.:Foretaksregisteret). The Company’s new share capital is NOK 1 182 666 387 divided into 394 222 129 shares, every with a nominal worth of NOK 3. The new shares might be listed on the Oslo Stock Exchange and might be tradeable from the time at which they’re issued within the VPS, anticipated to be on April 14, 2021.

Bård Stenberg, VP IR & Corporate Communication
Mobile:  +47 99 24 52 35 


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