The Private Placement
The Private Placement consists of one tranche of 110,822,311 New Shares (‘Tranche 1’) and a second tranche of 118,427,689 New Shares (‘Tranche 2’), allotted amongst candidates on a professional-rata foundation primarily based on their total allocation within the Private Placement (topic to rounding).
The share capital improve pertaining to the Private Placement was registered with the
The Company has ready a prospectus for the itemizing of the Tranche 2 shares and the itemizing and providing of the shares within the Subsequent Offering (the ‘Prospectus’), which has been accepted by the
As a consequence of the Prospectus already having been accepted and revealed, each the brand new shares allotted in Tranche 1 and the brand new shares allotted in Tranche 2 shall be registered on the Company’s odd ISIN NO0010199151 and grow to be tradable on
The Prospectus is accessible on the Company’s web site on this hyperlink: https://www.pgs.com/company/investor-relations/reports-and-results/prospectus/.
Following registration of the share capital improve pertaining to the Private Placement, the issued share capital of the Company is
The Subsequent Offering
The Subsequent Offering consists of as much as 45,841,000 new shares at a subscription worth of
The Subsequent Offering is directed in direction of eligible shareholders in PGS who (i) have been shareholders within the Company as of
The subscription interval for the Subsequent Offering will begin on
Allocation of the Offer Shares is anticipated to happen on or about
Reference is made to the Prospectus and subscription kind obtainable on this hyperlink: https://www.pgs.com/company/investor-relations/reports-and-results/prospectus/ for additional info and the phrases and circumstances for the Subsequent Offering.
IR & Corporate Communication
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PGS and its subsidiaries is a completely built-in marine geophysical firm that gives a broad vary of seismic and reservoir companies, together with knowledge acquisition, imaging, interpretation, and discipline analysis. Our companies are offered to the oil and gasoline trade, in addition to to the broader and rising new power industries, together with carbon storage and offshore wind. The group operates on a worldwide foundation with headquarters in
This announcement just isn’t and doesn’t kind an element of any supply to promote, or a solicitation of a suggestion to buy, any securities of PGS. The distribution of this announcement and different info could also be restricted by regulation in sure jurisdictions. Copies of this announcement aren’t being made and will not be distributed or despatched into any jurisdiction wherein such distribution could be illegal or would require registration or different measures. Persons into whose possession this announcement or such different info ought to come are required to tell themselves about and to watch any such restrictions.
The securities referred to on this announcement haven’t been and won’t be registered beneath the
In any EEA Member State, this communication is just addressed to and is just directed at certified buyers in that Member State inside the that means of the Prospectus Regulation, i.e., solely to buyers who can obtain the supply with out an accepted prospectus in such EEA Member State. The expression ‘Prospectus Regulation’ means Regulation 2017/1129 as amended along with any relevant implementing measures in any Member State.
This communication is just being distributed to and is just directed at individuals within the
Matters mentioned on this announcement might represent ahead-wanting statements. Forward-looking statements are statements that aren’t historic details and could also be recognized by phrases resembling ‘imagine’, ‘count on’, ‘anticipate’, ‘technique’, ‘intends’, ‘estimate’, ‘will’, ‘might’, ‘proceed’, ‘ought to’ and related expressions. The ahead-wanting statements on this launch are primarily based upon varied assumptions, many of that are primarily based, in flip, upon additional assumptions. Although the Company imagine that these assumptions have been cheap when made, these assumptions are inherently topic to important identified and unknown dangers, uncertainties, contingencies and different essential components that are troublesome or not possible to foretell and are past its management.
Actual occasions might differ considerably from any anticipated growth as a consequence of a quantity of components, together with with out limitation, modifications in public sector funding ranges, modifications within the basic financial, political and market circumstances within the markets wherein the Company function, the Company’s capability to draw, retain and inspire certified personnel, modifications within the Company’s capability to interact in commercially acceptable acquisitions and strategic investments, and modifications in legal guidelines and regulation and the potential impression of authorized proceedings and actions. Such dangers, uncertainties, contingencies and different essential components might trigger precise occasions to vary materially from the expectations expressed or implied on this launch by such ahead-wanting statements. The Company doesn’t present any ensures that the assumptions underlying the ahead-wanting statements on this announcement are free from errors nor does it settle for any accountability for the long run accuracy of the opinions expressed on this announcement or any obligation to replace or revise the statements on this announcement to mirror subsequent occasions. You shouldn’t place undue reliance on the ahead-wanting statements on this doc.
The info, opinions and ahead-wanting statements contained on this announcement converse solely as at its date, and are topic to alter with out discover. The Company doesn’t undertake any obligation to overview, replace, affirm, or to launch publicly any revisions to any ahead-wanting statements to mirror occasions that happen or circumstances that come up in relation to the content material of this announcement.
Neither the Manager nor any of its associates make any illustration as to the accuracy or completeness of this announcement and none of them accepts any accountability for the contents of this announcement or any issues referred to herein.
This announcement is for info functions solely and is to not be relied upon in substitution for the train of unbiased judgment. It just isn’t meant as funding recommendation and not at all is it for use or thought-about as a suggestion to promote, or a solicitation of a suggestion to purchase any securities or a advice to purchase or promote any securities within the Company. Neither the Manager nor any of its associates settle for any legal responsibility arising from the use of this announcement.
This info is topic to the disclosure necessities pursuant to the EU Market Abuse Regulation (MAR) article 17 and Section 5-12 the Norwegian Securities Trading Act.