Reference is made to the previous stock exchange notice from Electromagnetic Geoservices ASA (EMGS) regarding the proposed share issue.
Notice is hereby given of an extraordinary general meeting of Electromagnetic Geoservices ASA (EMGS) in the Company's offices on the 7th floor of Dronning Mauds gt 15, 0250 Oslo to be held on 26 November 2015 at 15:00.
In the meeting, the Board of Directors of EMGS will propose to the shareholders of the Company to increase the share capital through the issuance of new shares with preferential and tradable subscription rights for the shareholders with minimum gross proceeds of NOK 214 million (equivalent to ~USD 25 million) and maximum gross proceeds of NOK 278 million (equivalent to ~USD 32.5 million). The proposed rights issue is fully underwritten.
The calling notice will today be distributed electronically or by post to all shareholders with a known address. The notice, as well as appendices, is also available on EMGS' website.
Please find attached the calling notice.
Contacts
Charlotte Knudsen, EMGS head of investor relations, +47 97 56 19 59
About EMGS
EMGS, the marine EM market leader, uses its proprietary electromagnetic (EM) technology to support oil and gas companies in their search for offshore hydrocarbons. EMGS supports each stage in the workflow, from survey design and data acquisition to processing and interpretation. The company's services enable the integration of EM data with seismic and other geophysical and geological information to give explorationists a clearer and more complete understanding of the subsurface. This improves exploration efficiency and reduces risks and the finding costs per barrel.
EMGS operates on a worldwide basis with main offices in Trondheim and Oslo, Norway; Houston, USA; and Kuala Lumpur, Malaysia.
For more information, visit www.emgs.com
