NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN, HONG KONG OR THE UNITED STATES
Reference is made to the stock exchange announcement by Electromagnetic Geoservices ASA ("EMGS" or the "Company") on 1 December 2015 regarding the approved prospectus and commencement of the subscription period in the rights issue of 1,112,000,000 new shares at a subscription price of NOK 0.25 (the "Rights Issue").
The trading period for the subscription rights expires today, 10 December 2015, at 16:30 CET.
Any subscription right not sold prior to 16:30 CET today, or not used to subscribe for new shares in the Rights Issue prior to 12:00 CET on 15 December 2015, will lapse and cease to carry any value.
The prospectus together with the subscription form is available at www.emgs.com and www.carnegie.no, and is also available free of charge at the business offices of the Company (Dronning Mauds gate 15, 0250 Oslo) and Carnegie (Grundingen 2, Aker Brygge, 0106 Oslo). Norwegian investors with a VPS account can in addition subscribe for new shares in the Rights Issue online at www.carnegie.no.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
For further information, please contact:
Charlotte Knudsen, EMGS head of investor relations, +47 97 56 19 59
Important information:
The release is not for publication or distribution, in whole or in part directly or indirectly, in or into Australia, Canada, Japan, Hong Kong or the United States (including its territories and possessions, any state of the United States and the District of Columbia).
This release is an announcement issued pursuant to legal information obligations, and is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. It is issued for information purposes only, and does not constitute or form part of any offer or solicitation to purchase or subscribe for securities, in the United States or in any other jurisdiction. The securities mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "Securities Act"). The securities may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act. The Company does not intend to register any portion of the offering of the securities in the United States or to conduct a public offering of the securities in the United States. Copies of this announcement are not being made and may not be distributed or sent into Australia, Canada, Japan, Hong Kong or the United States. The issue, exercise, purchase or sale of subscription rights and the subscription or purchase of shares in the Company are subject to specific legal or regulatory restrictions in certain jurisdictions. Neither the Company nor the Manager assumes any responsibility in the event there is a violation by any person of such restrictions.
The distribution of this release may in certain jurisdictions be restricted by law. Persons into whose possession this release comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. Carnegie is acting for the Company and no one else in connection with the Offering and will not be responsible to anyone other than the Company for providing the protections afforded to their respective clients or for providing advice in relation to the Offering and/or any other matter referred to in this release.