Warburg Pincus funds (Warburg Pincus International Partners, L.P., Warburg Pincus Private Equity VIII, L.P. , Warburg Pincus Netherlands, Warburg Pincus Netherlands, Wp-Wpip Investors L.P., Wp-Wpviii Investors L.Lp.) were allocated 15,252,385 new shares in EMGS at a price of NOK 15.14 in the rights issue. Warburg Pincus International Partners, L.P. and Warburg Pincus Private Equity VIII, L.P. received 313,737 new shares as underwriting fee. In total, Warburg Pincus funds acquired 15,566,122 new shares in the rights offering. Warburg Pincus funds owns 61,774,406 shares in EMGS, representing 67.79 per cent of the shares in EMGS after the Rights Offering.
Bjarte Bruheim, chairman of the board of EMGS, was allocated 621,576 new shares in EMGS at a price of NOK 15.14 and 13,210 new shares as underwriting fee. Bjarte Bruheim increased his holding of EMGS shares with 634,786 in the rights offering. In total, Bjarte Bruheim owns 1,022,625 shares in EMGS, representing 2.58 per cent of the shares in EMGS after the Rights Offering.
Stejerr Invest AS, a company owned by the CEO of EMGS, Terje Eidesmo and his family, was allocated 165,108 new shares in EMGS at a price of NOK 15.14. In addition Stejerr Invest AS received 3,303 new shares as underwriting fee as Terje Eidesmo had transferred the underwriting agreement to Stejerr Invest AS. Stejerr Invest AS increased their holding of EMGS shares with 168,411 in the rights offering. In total, Terje Eidesmo owns 854,214 shares in EMGS, and together with Stejerr Invest AS he controls 1,022,625 shares in EMGS, representing 1.12 per cent of the shares in EMGS after the Rights Offering.
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Contact
Svein Knudsen, EMGS chief financial officer +47 73 56 88 10
About EMGS
EMGS is the market leader in electromagnetic (EM) imaging. The company launched the EM imaging industry in 2002 with the commercialisation of seabed logging, a proven exploration method that uses EM energy to help oil companies in their search for hydrocarbons. EMGS provides a full suite of services, including data planning, acquisition, imaging and interpretation. The company`s integration systems enable seamless integration of EM data with seismic and other geophysical and geological information, giving explorationists a clearer and more complete understanding of the
subsurface. This proprietary and patented technology has been developed over the past 10 years bringing dramatic improvement to exploration decision-making in frontier and mature provinces.
EMGS operates the world`s largest EM vessel fleet and has conducted more than 350 surveys for many of the world`s leading energy companies. The company`s main offices are in Trondheim and Stavanger, Norway; Houston, USA; and Kuala Lumpur, Malaysia.
Please visit www.emgs.com for the latest news and in-depth information about EMGS and EM imaging technology.