Petroleum Geo-Services (PGS)

[TekBot]

Major Shareholder Disclosure

See attachment on www.newsweb.no
…

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Kilde

[TekBot]

Disclosure of shareholdings

Please find attachement at www.newsweb.no
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Kilde

[Juras]

** TGS submits offer to acquire the multi-client data library of PGS

**

https://newsweb.oslobors.no/message/510777

[OMSO]

Da blir det action imorgen. De får jo betalt litt av avdraget sitt med den summen.

[Teh12]

Kan bli spennende å se hva morgendagen har å by på

[Evilfreud]

De selger det mest verdifulle isåfall, styret har ikke godtatt og vil ikke anbefale budet tipper jeg.

Men ved å gå ut offentlig fucker de det godt til mot långiverene som bare vil ha pengene sine.

[OMSO]

I tillegg er vel der en god short posisjon satt på 4,81. Men hvem vet, noe må de gjøre for å lette gjeldsbyrden.

[Evilfreud]

Kan bli rimelig svett å være shorter imorgen.

Kan fort bli dagens rakett. Moro å følge.

[Juras]

er optimistisk “men”

Commenting on the Offer, Kristian Johansen, CEO of TGS said:
Concurrently, a refocused and refinanced PGS will be a world-leading and highly innovative provider of acquisition technology and marine acquisition capacity, providing a strong platform for creating long-term value for the company´s stakeholders. The proposed transaction is thus aimed at safeguarding customers’ access to leading acquisition technology, high-quality data acquisition capacity and top tier data processing capabilities, whether they choose to purchase data through the contract model or the multi-client model.

[TekBot]

TGS Offers to Acquire PGS MultiClient Library

August 7, 2020: Oslo, Norway, the Board of PGS confirms that it has received a
conditional and non-binding offer from TGS to acquire the MultiClient data
library of PGS for a cash consideration of $600 million. The offer also includes
…

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proposals for the provision of acquisition services by PGS to TGS and the
opportunity for TGS to participate in future MultiClient projects undertaken by
PGS.

PGS Management and the Board of Directors will address the offer.

PGS will make an announcement before the offer expires on August 16, 2020.

COMPANY CONTACT:

Bård Stenberg, VP IR & Corporate Communication
Mobile: +47 99 24 52 35

                                  ***

PGS ASA and its subsidiaries (“PGS” or “the Company”) is a focused marine
geophysical company that provides a broad range of seismic and reservoir
services, including acquisition, imaging, interpretation, and field evaluation.
The Company MultiClient data library is among the largest in the seismic
industry, with modern 3D coverage in all significant offshore hydrocarbon
provinces of the world. The Company operates on a worldwide basis with
headquarters in Oslo, Norway and the PGS share is listed on the Oslo stock
exchange (OSE: PGS). For more information on PGS visit www.pgs.com
(http://www.pgs.com).

                                  ***

The information included herein contains certain forward-looking statements that
address activities, events or developments that the Company expects, projects,
believes or anticipates will or may occur in the future. These statements are
based on various assumptions made by the Company, which are beyond its control
and are subject to certain additional risks and uncertainties. The Company is
subject to a large number of risk factors including but not limited to the
demand for seismic services, the demand for data from our multi-client data
library, the attractiveness of our technology, unpredictable changes in
governmental regulations affecting our markets and extreme weather conditions.
For a further description of other relevant risk factors we refer to our Annual
Report for 2019. As a result of these and other risk factors, actual events and
our actual results may differ materially from those indicated in or implied by
such forward-looking statements. The reservation is also made that inaccuracies
or mistakes may occur in the information given above about current status of the
Company or its business. Any reliance on the information above is at the risk of
the reader, and PGS disclaims any and all liability in this respect.

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act.

                                 --END--

Kilde

[Sjakk]

Dagens aksjonærliste (Dette er endringene i T50 pr 7august (tgs offers to acquire MC lib.))

[Kjell_Makrell]

https://newsweb.oslobors.no/message/511019

[Zuba]

Kan du kjapt forklare betydningen @Kjell_Makrell er du snill?

[Kjell_Makrell]

Jeg håpet noen andre kunne forklare

[Sjakk]

Ekstremt store blokker aksjer for kjøp/salg tillatt uten at de synes. Og uten å trigge begrensningene som ligger i darkpool handel (tror jeg bigboys game dette)

https://www.nasdaq.com/solutions/large-in-scale

Double Volume Caps in MiFID II: What are the effects?

[Kjell_Makrell]

Hmm, kan det være litt bull tro?

[TekBot]

PGS ASA: Rejection of TGS Proposal to Acquire PGS MultiClient Library

August 13, 2020: Oslo, Norway, the Board of PGS ASA (“PGS”, or the “Company”),
together with PGS Management, has reviewed and assessed the unsolicited,
conditional and non-binding proposal to acquire the MultiClient data library of
…

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PGS received from TGS-NOPEC Geophysical Company ASA (“TGS”) on August 6, 2020.

The Board has unanimously concluded to reject the TGS proposal.

The Board of PGS is of the view that the value of the Company’s MultiClient data
library is significantly greater to PGS than that represented by the TGS
proposal, and that the timing of the proposal is opportunistic given the current
market backdrop and macro-economic environment. Having consulted with its
financial and legal advisers, the Board of PGS has concluded that the proposal
is not in the best interests of the Company and its stakeholders.

PGS remains committed to its integrated service strategy and the benefits to the
Company and its stakeholders from the combination of MultiClient and Contract
operations.

PGS remains focused on its ongoing discussions with its lenders, as previously
announced.

COMPANY CONTACT:

Bård Stenberg, VP IR & Corporate Communication
Mobile: +47 99 24 52 35

Kilde

[Kjell_Makrell]

PGS-styret sier nei til milliardbud fra TGS

[TekBot]

PGS ASA: Implementation of 2020 Employee Long-term Incentive Plan

August 24, 2020: Oslo, Norway, PGS (or the “Company”) announces that the 2020
long term incentive plan, as approved by the Annual General Meeting on April
22, 2020, has now been implemented by allocating 2 389 050 Performance based
…

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Restricted Stock Units (“PRSUs”).

The awards are based on amongst other considerations the position in the Company
and a review on the individual participant’s performance prior to award. Any
PRSU awarded will, subject to the participant’s continued employment with the
Company (or a subsidiary), be settled three years after grant. The complete
terms and conditions of the award are described in the calling notice for the
2020 Annual General Meeting.

Delivery of shares will take place from the Company’s pool of treasury shares
or, if an insufficient number of treasury shares exist, it will be settled by
cash payment of an equivalent value.

The purpose of the long term incentive plan is to further the interests of PGS,
its subsidiaries and its shareholders to employees who can contribute materially
to the success and profitability of PGS. Such awards will recognize and reward
performance and individual contributions and give participants in the plan an
interest in the Company parallel to that of the shareholders, thus enhancing the
proprietary and personal interest in PGS’ continued success and progress.

The Board of Directors has allocated PRSUs according to the plan to the
following primary insiders in PGS:

Rune Olav Pedersen, President & CEO, has been awarded 168 000 PRSUs in the
Company. Following the award, Pedersen holds 123 617 shares in PGS and 462 000
PRSUs.

Gottfred Langseth, Executive Vice President & CFO, has been awarded 75 000 PRSUs
in the Company. Following the award, Langseth holds 275 106 shares in PGS and
210 000 PRSUs.

Robert J. Adams, Executive Vice President Operations, has been awarded 75 000
PRSUs in the Company. Following the award, Adams holds 8 850 shares in PGS and
135 000 PRSUs.

Nathan Oliver, Executive Vice President Sales & Services, has been awarded
75 000 PRSUs in the Company. Following the award, Oliver holds 0 shares in PGS
and 180 000 PRSUs.

Berit Osnes, Executive Vice President Sales & Services Eurasia, has been awarded
50 000 PRSUs in the Company. Following the award, Osnes holds 36 186 shares in
PGS, 149 000 PRSUs.

Lars Ragnar Mysen, General Counsel, has been awarded 26 000 PRSUs in the
Company. Following the award, Mysen holds 36 000 shares in PGS and 72 000 PRSUs.

Kai Reith, Senior Vice President Corporate Development, has been awarded 26 000
PRSUs in the Company. Following the award, Reith holds 44 341 shares in PGS and
72 000 PRSUs.

Kristin Omreng, Senior Vice President Global HR, has been awarded 26 000 PRSUs
in the Company. Following the award, Omreng holds 0 shares in PGS and 56 000
PRSUs.

Bård Stenberg, Vice President IR & Corporate Communications, has been awarded
23 000 PRSUs in the Company. Following the award, Stenberg holds 9 436 shares in
PGS and 69 000 PRSUs.

Kristian H. Hoddevik, Chief Accounting Officer, has been awarded 23 000 PRSUs in
the Company. Following the award, Hoddevik holds 10 000 shares in PGS and
36 500 PRSUs.

Christin Steen-Nilsen, Vice President Corporate Controller, has been awarded
20 000 PRSUs in the Company. Following the award, Steen-Nilsen holds 7 012
shares in PGS and 57 000 PRSUs.

Merethe Bryn, Vice President Global Tax and employee elected alternate Board
member, has been awarded 20 000 PRSUs in the Company. Following the award, Bryn
holds 10 000 shares in PGS and 33 500 PRSUs.

Grunde Rønholt, Vice President Imaging and employee elected Board member, has
been awarded 15 000 PRSUs in the Company. Following the award, Rønholt holds
45 000 shares in PGS and 38 500 PRSUs.

Jens Fredrik Wisløff, Digital Transformation Advisor and employee elected
alternate Board member, has been awarded 10 000 PRSUs in the Company. Following
the award, Wisløff holds 11 700 shares in PGS and 25 000 PRSUs.

Hege Renshus, Vice President Seismic Quality and employee elected Board member,
has been awarded 9 000 PRSUs in the Company. Following the award, Renshus holds
1 918 shares in PGS and 18 000 PRSUs.

Anette Valbø, Bidding Manager and employee elected Board member, has been
awarded 5 500 PRSUs in the Company. Following the award, Valbø holds 7 142
shares in PGS, and 14 500 PRSUs.

Michael Malling, Sourcing Manager and employee elected alternate Board member,
has been awarded 4 000 PRSUs in the Company. Following the award, Malling holds
0 shares in PGS and 4 000 PRSUs.

Pernille Undseth, Executive Assistant to CEO, has been awarded 4 000 PRSUs in
the Company. Following the award, Undseth holds 10 000 shares in PGS and 4 000
PRSUs.

Further details on remuneration of management are described in Note 28 and 29 of
the 2019 annual report.

This information is subject to the disclosure requirements pursuant to section
5 -12 of the Norwegian Securities Trading Act.

Kilde

[Buffet]

Ser interessnt ut teknisk. Kan bunnen være nådd her tro