Brief: PGS Mulls Private Placement Of 45.8 Mln Ordinary Shares

PGS ASA

18/09/2023 15:36

Sept 18 (Reuters) - PGS ASA  PGS.OL :
    * REG-PGS ASA - CONTEMPLATED PRIVATE PLACEMENT
    * CONTEMPLATING A PRIVATE PLACEMENT ( "PRIVATE PLACEMENT")
OF
45,760,726 NEW ORDINARY SHARES IN COMPANY
    * NET PROCEEDS TO COMPANY FROM PRIVATE PLACEMENT WILL BE
USED TO
INCREASE LIQUIDITY AND ENABLE A FINANCIALLY ROBUST COMBINED
ENTITY FOLLOWING PROPOSED MERGER WITH TGS
    * SUBSCRIPTION PRICE PER OFFER SHARE ( "OFFER PRICE") WILL
BE
DETERMINED BY COMPANY'S BOARD OF DIRECTORS ( "BOARD") ON BASIS
OF AN ACCELERATED BOOKBUILDING PROCESS
    * BOOKBUILDING PERIOD FOR PRIVATE PLACEMENT WILL COMMENCE
TODAY,
18 SEPTEMBER 2023, AT 16:30 CEST AND IS EXPECTED TO CLOSE ON OR
BEFORE 19 SEPTEMBER 2023 AT 08:00 CEST

Source text for Eikon:  ID:nGNE3kYY9R 
Further company coverage:  PGS.OL 

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