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TGS ASA — Director's Dealing 2018
Feb 22, 2018
3774_dirs_2018-02-22_ddb17450-8867-485b-aaf4-72ae630d6d31.html
Director's Dealing
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TGS: Stock options exercised
TGS: Stock options exercised
ASKER, NORWAY (22 February 2018) - 8 option holders have today, exercised in
total 73,600 stock options. All the options were exercised from the award in
August 2013 secured by warrants at an exercise price of NOK 181.90 per share.
The following primary insiders in TGS have on 22 February 2018 traded TGS shares
related to their exercise of stock options:
Zhiming Li, SVP Imaging Services, has exercised 20,000 stock options and sold
the same number of shares in TGS at an average price of NOK 190.98 per share.
After this transaction, Zhiming Li holds 108,494 shares in TGS.
Tom Neugebauer, Director of Project Development NSA, has exercised 2,500 stock
options and sold the same number of shares in TGS at an average price of NOK
190.98 per share. Tom Neugebauer does not hold any shares in TGS.
Attached is the list of the primary insiders exercising stock options.
Company Summary
TGS-NOPEC Geophysical Company (TGS) provides multi-client geoscience data to oil
and gas Exploration and Production companies worldwide. In addition to
extensive global geophysical and geological data libraries that include multi-
client seismic data, magnetic and gravity data, digital well logs, production
data and directional surveys, TGS also offers advanced processing and imaging
services, interpretation products, and data integration solutions.
For more information visit TGS online at www.tgs.com.
Forward-looking statements and contact information
All statements in this press release other than statements of historical fact
are forward-looking statements, which are subject to a number of risks,
uncertainties and assumptions that are difficult to predict, and are based upon
assumptions as to future events that may not prove accurate. These factors
include TGS' reliance on a cyclical industry and principle customers, TGS'
ability to continue to expand markets for licensing of data, and TGS' ability to
acquire and process data products at costs commensurate with profitability.
Actual results may differ materially from those expected or projected in the
forward-looking statements. TGS undertakes no responsibility or obligation to
update or alter forward-looking statements for any reason.
TGS-NOPEC Geophysical Company ASA is listed on the Oslo Stock Exchange
(OSLO:TGS). TGS sponsored American Depositary Shares trade on the U.S. over-the-
counter market under the symbol "TGSGY".
For additional information about this press release please contact:
Sven Børre Larsen
Chief Financial Officer
Tel: +47 90 94 36 73
Email: [email protected]
Will Ashby
VP HR & Communication
Tel: +1 713 860 2184
Email: [email protected]
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.