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    EMGS proposes rights issue and new terms for bond

    Company News // November 6, 2015

    The Board of Directors of Electromagnetic Geoservices (EMGS) has resolved to call for an extraordinary general meeting in order to propose an increase in the share capital through the issuance of new shares with preferential and tradable subscription rights for shareholders with minimum gross proceeds of NKr 214 million (US$25 million) and maximum gross proceeds of NKr 278 million (US$32.5 million).

    The Board of Directors has also resolved to propose to the bondholders of the company’s outstanding bond issue FRN Electromagnetic Geoservices ASA Senior Unsecured Callable Bond Issue 2013/2016 with ISIN NO 001 068253.7 to amend certain terms of the bondholder agreement.

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