Improving Financial Position in a Recovering Market Takeaways Q2 2022 Revenues and Other Income of $273.6 million, compared to $185.9 million in Q2 2021 EBITDA of $193.3 million, compared to $118.5 million in Q2 2021 EBIT of $57.8 million, compared to a loss of $7.6 million in Q2 2021 Cash flow from operations of $43.7 million, compared to $81.4 million in Q2 2021 Cash and cash equivalents of $219.8 million, compared to [...]
18 July 2022 Reference is made to the stock exchange announcements made by PGS ASA regarding the final results in the subsequent offering of up to 38,155,803 new shares at a subscription price of NOK 3.70 . The share capital increase pertaining to the Subsequent Offering comprising all the New Shares has now been registered with the Norwegian Register of Business Enterprises. The new share capital of the Company is NOK [...]
15 July 2022 Reference is made to the stock exchange announcements made by PGS ASA regarding the subsequent offering of up to 38,155,803 new shares at a subscription price of NOK 3.70 . The subscription period for the Subsequent Offering expired today 15 July 2022 at 12:00 . The Company has received subscriptions for 106,926,581 Offer Shares in the Subsequent Offering out of a total of 38,155,803 shares available. The [...]
15 July, 2022: PGS and deepC Store Limited have entered into a Subscription Agreement for dCS to issue shares to PGS in exchange for PGS providing geological and geophysical advisory services. Parties also agreed to explore broader collaboration opportunities in the Asia Pacific region for co-developing commercial scale Carbon Capture and Storage projects. As a result of the Agreement, PGS will become a major shareholder [...]
15 July, 2022 Reference is made to the stock exchange announcement made by PGS ASA on 1 July 2022 regarding commencement of a subsequent offering of up to 38,155,803 new shares at a subscription price of NOK 3.70 . The subscription period for the Subsequent Offering will expire today 15 July 2022 at 12:00 . Correctly completed subscription forms must be received by the Manager, or, in the case of online subscriptions, be [...]
11 July, 2022 Reference is made to the previous stock exchange announcements by PGS ASA regarding the subsequent offering which subscription period commenced on 1 July 2022 . Further reference is made to the stock exchange announcement on 29 June 2022 regarding the approval of a prospectus for inter alia, the listing and offering of the new shares in the Subsequent Offering . The Financial Supervisory Authority of Norway [...]
July 11, 2022, Oslo, Norway: Based on a preliminary review, PGS expects to report Revenues and Other Income according to IFRS* for Q2 2022 of approximately $274 million, compared to $185.9 million in Q2 2021. Contract revenues ended at approximately $63 million in Q2 2022, compared to $51.5 million in Q2 2021. MultiClient late sales revenues were approximately $108 million in Q2 2022, compared to $65.5 million in Q2 2021 [...]
July 8, 2022 Oslo, Norway: PGS will release its Q2 2022 results on Thursday July 21, 2022 at approximately 07:00 am Central European Summer Time . The earnings release and the earnings presentation will be published on www.newsweb.no and on PGS' website www.pgs.com. President & CEO Rune Olav Pedersen and EVP & CFO Gottfred Langseth will present the results via an audiocast the same day at 08:00 am CEST. To join the [...]
1 July, 2022 Reference is made to the stock exchange announcement made by PGS ASA on 29 June 2022 regarding a subsequent offering of up to 38,155,803 new shares at a subscription price of NOK 3.70 and the approval and publication of a prospectus pertaining to the Subsequent Offering. The subscription period for the Subsequent Offering will commence today 1 July 2022 at 09:00 and will close on 15 July 2022 at 12:00 . The [...]
29 June, 2022 Reference is made to the previous stock exchange announcements by PGS ASA regarding a successfully placed private placement of new shares in the Company, raising gross proceeds of approximately NOK 800 million and a potential subsequent offering of up to 38,155,803 new shares at a subscription price of NOK 3.70, and the Company's extraordinary general meeting's approval of the same on 27 May 2022. The [...]
The PGS ASA 2019 Long Term Incentive Plan , under which Performance based Restricted Stock Units were awarded to employees and primary insiders in PGS ASA and its subsidiaries , settled on June 23, 2022. PRSUs awarded to the below primary insiders under the 2019 LTI Plan have settled as follows: Rune Olav Pedersen, President & CEO, has received settlement of 40 748 PRSUs into an equal amount of shares in the Company [...]
22 June, 2022 - Reference is made to the stock exchange release by PGS ASA on 22 June 2022 regarding the initiation of a share buy-back program to cover settlement of Performance based Restricted Stock Units under the Company's 2019 Long Term Incentive Plan for employees. On 22 June 2022, PGS ASA has purchased a total of 500,000 own shares at the Oslo Stock Exchange at an average price of NOK 7.2583 per share, and the [...]
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