Electromagnetic Geoservices ASA - PDMR notification in connection with transfer of bonds
December 29 2021 - 2:00PM
Electromagnetic Geoservices ASA - PDMR notification in connection
with transfer of bonds
Electromagnetic Geoservices ASA (the “Company”) is the issuer of
convertible bonds with ISIN NO 001 0821010 (the “Bonds”).
On 29 December 2021, the Company was notified that Siem
Investments S.à r.l., of which Mr Jorgen Westad (a Non-Executive
Director of the Company) is a director, transferred its interests
in 95,470 Bonds to Siem Industries S.A., of which Mr Jorgen Westad
is a director.
Further details regarding the above transfer are set out in the
attached forms. Contact Anders Eimstad, CFO, +47
948 25 836
This information is subject to the disclosure requirements in
Regulation EU 596/2014 article 19 number 3 and the Norwegian
Securities Trading Act § 5-12.
The stock exchange notification was published by Anders Eimstad,
CFO, Electromagnetic Geoservices ASA. 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. CSEM
technology can also be used to detect the presence of marine
mineral deposits (primarily Seabed Massive Sulphides) and EMGS
believes that the technology can also be used to estimate the
mineral content of such deposits. The Company is undertaking
early-stage initiatives to position itself in this future
market.
- 2021-1229 Siem Industries PDMR notification
- 2021-1229 Siem Investments PDMR notificaiton
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