With reference to section 3 of the Calling Notice to the Extraordinary General Meeting (EGM) in Electromagnetic Geoservices ASA (EMGS), the Company's Nomination Committee has put forth a proposal for election of new shareholder elected members to the Board of Directors of the Company.
The Nomination Committee proposes that the Board of EMGS shall comprise of the following shareholder elected persons; Eystein Eriksrud, Petteri Soininen, Johan Mikkelsen, Mimi Berdal, Tone Østensen and the existing members of the Board, Guro H. Løken and Stig Eide Sivertsen.
"We have had a constructive dialogue with the Company's largest shareholders, and we are pleased to present a proposal which should have a considerable support among the Company's shareholders," says Jogeir Romestrand, Chairman of the Nomination Committee.
In addition to the shareholder elected directors, the Board includes employee representatives elected by and among the employees.
"The proposed Board represents varied and broad experience, with a good combination of industrial, financial and legal competence, and I am pleased that the main shareholders are represented. I have had good discussions with the nomination committee and the main shareholders, and I look forward to continue the dialogue with the new Board about my future role for the Company," says Bjarte Bruheim, Executive Chairman of EMGS.
Please find the full proposal from the Nomination Committee attached, including the proposal to the remuneration to the resigning members of the Board and CVs for the candidates proposed.
Contacts
Bjarte Bruheim, Chairman of the Board of EMGS, +47 911 41 149
Svein Knudsen, EMGS chief financial officer, +47 911 41 149
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
