Bjarte Bruheim, CEO of EMGS, has on 18 June 2015 extended ("rolled") the six-month forward contract of 8 December 2014, relating to the purchase of 200,000 shares in EMGS, for a new period of just under six months, until 17 December 2015 at NOK 1.67 per share.
In addition, Bjarte Bruheim has sold 390,000 shares at NOK 1.55 per share to finance the extension.
After this transaction, Mr. Bruheim holds 1,215,088 shares, 250,000 options and a forward contract for 200,000 shares in EMGS.
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