Creating The Premier Energy Data Company

PGS and TGS have merged to form a pioneering data and services company in the energy sector, serving customers across the energy value chain and positioning itself as a strategic partner for energy companies. Explore our vision. 

New Share Capital after Conversion of Parts of Convertible Bond

wave imagewave image

March 25, 2021
Oslo, Norway

Reference is made to PGS ASA (the “Company”) convertible bond loan with ISIN NO0010920697 in the aggregate amount of NOK 116,162,097 issued in Q1 2021. The Company has received conversion notices from convertible bondholders representing NOK 12 621 150 in this bond issue, which pursuant to standard terms set out in the bond terms are convertible into 4 207 050 new freely tradable shares in the Company. After the conversion, the remaining principal outstanding under the convertible bond loan amounts to NOK 103,540,947. The share capital increase pertaining to the conversion of convertible bonds has today been registered in the Norwegian Register of Business Enterprises (Nw.:Foretaksregisteret). The Company's new share capital is NOK 1,174,242,138 divided into 391,414,046 shares, each with a nominal value of NOK 3. The new shares will be listed on the Oslo Stock Exchange and will be tradeable from the time at which they are issued in the VPS, expected to be 25 March 2021.

FOR DETAILS, CONTACT:
Bård Stenberg, VP IR & Corporate Communication
Mobile:  +47 99 24 52 35 

 


Contact Investor Relations

You are welcome to send us an email or call Bård Stenberg VP IR & Corporate Communications: +47 992 45 235