MSEIS: Settlement of stock units in cash following change of control
2022-11-17 08:00:00
(Oslo, 17 November 2022) Following TGS ASA acquiring majority of the Magseis
Fairfield ASA shares and corresponding change of control, all outstanding stock
units from the Long Term Incentive Program ("LTIP") have been concluded and
settled in cash at a price of NOK 8.08 per share.
PDMR documents for primary insiders pursuant to the Market Abuse Regulation
article 19 is attached to this announcement.
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
For further information, please contact:
Carel Hooijkaas, CEO
Tel: +47 480 49 277
Email: carel.hooijkaas@magseisfairfield.com
Stig Hognestad, CFO
Tel: +47 902 59 040
Email: stig.hognestad@magseisfairfield.com
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Magseis Fairfield is the global leading provider of ocean bottom seismic (OBS)
technology and data acquisition projects. The company has a flexible business
model with full scale node operations, as well as lease and sale models. The
Marine Autonomous Seismic System "MASS" nodes and the range of Z-nodes combined
with handling systems and source technology enables market leading deployment
speed and highly cost-efficient acquisition of data with exceptional quality.