Ad hoc-Mitteilungen

PGS ASA: New Share Capital Registered

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16 August 2022

Reference is made to the stock exchange announcement on 11 August 2022 made by PGS ASA (“PGS” or the “Company”) regarding the conversion of NOK 75,712,893 into 25,237,631 new shares in the Company at a conversion price of NOK 3.00 per share. (the “Conversion”) pursuant to the convertible bond loan with ISIN NO0010920697 issued in Q1 2021 (the “Bond Loan”).

The share capital increase pertaining to the Conversion has now been registered with the Norwegian Register of Business Enterprises. The new share capital of the Company is NOK 2,040,899,142 comprising 680,299,714 shares, each with a nominal value of NOK 3.00.

The Company expects that the record date for the conversion will be 23 August 2022 and settlement date to be 25 August 2022. Following completion of the Conversion there will be no bonds outstanding under the Bond Loan.

Contacts:

Bård Stenberg, VP IR & Corporate Communication

Mobile:  +47 99 24 52 35

***

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

***

PGS and its subsidiaries is a fully integrated marine geophysical company that provides a broad range of seismic and reservoir services, including data acquisition, imaging, interpretation, and field evaluation. Our services are provided to the oil and gas industry, as well as to the broader and emerging new energy industries, including carbon storage and offshore wind. The group operates on a worldwide basis with headquarters in Oslo, Norway and the PGS share is listed on the Oslo stock exchange (OSE: PGS). For more information on PGS visit www.pgs.com.

 

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