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

August 30, 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 6,788,637 in this bond issue to convert 6,788,637 bonds into shares with a conversion price of NOK 3. Pursuant to standard terms set out in the bond terms, the bonds are thus convertible into 2,262,879 new freely tradable shares in the Company. After the conversion, the remaining principal outstanding under the convertible bond loan amounts to NOK 79,033,413. 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 1,198,749,672 divided into 399,583,224 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 on August 30, 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