ASKER, NORWAY (10 March 2017) - Two primary insiders have on 10 March 2017 bought shares in TGS-NOPEC Geophysical Company ASA ('TGS').
Zhiming Li, Senior VP Imaging Services, has bought 2,800 shares in TGS at a price of NOK 186.05 per share. Following this transaction, Mr Li holds 108,494 shares, 20,000 stock options and 38,000 Performance Share Units in TGS.
Tana Pool, VP General Counsel and Corporate Secretary, has bought 1,575 shares in TGS at a price of NOK 184.19 per share. Following this transaction, Ms Pool holds 1,575 shares and 35,000 Performance Share Units in TGS.
Attached is the list of primary insiders who bought TGS shares today.
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: sven.larsen@tgs.com
Will Ashby
VP HR & Communication
Tel: +1 713 860 2184
Email: will.ashby@tgs.com
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)
