TGS-NOPEC Geophysical Company ASA

11/27/2019 | Press release | Distributed by Public on 11/27/2019 01:05

Successful sale of shares in TGS-NOPEC Geophysical Company ASA

Successful sale of shares in TGS-NOPEC Geophysical Company ASA

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, JAPAN OR AUSTRALIA OR ANY OTHER JURISDICTION INTO WHICH PUBLICATION OR DISTRIBUTION WOULD BE PROHIBITED BY APPLICABLE LAW. Successful sale of shares in TGS-NOPEC Geophysical Company ASA Reference is made to the stock exchange notice published on 26 November 2019 regarding the contemplated sale of up to 4,480,128 shares in TGS-NOPEC Geophysical Company ASA ('TGS' or the 'Company') by Altor Invest 1 AS and Altor Invest 2 AS (both companies part of Altor Fund IV and together referred to as 'Altor'). Altor has sold 4,480,128 shares in TGS, representing approximately 3.77% of the share capital in the Company, by way of an accelerated bookbuilding process (the 'Placement'), at a price of NOK 259 per share. Following the Placement, Altor holds no shares in the Company. ABG Sundal Collier ASA and Carnegie AS acted as joint bookrunners in connection with the Placement.