PGS has raised *9.99% new equity*: NOK919.6m in gross proceeds through a private placement of 21.8m new shares and 1.8m treasury shares. Price was *NOK 39 per share* (4% below closing on Tuesday 10 November). The company aims at strengthening its balance sheet and its ability to seize opportunities in the distressed offshore seismic industry. PGS announced the capital increase yesterday (Wednesday, 11 November) evening and managed to deliver it quickly.
12 Nov 2015
9.99% equity issue: strengthening the balance sheet and ready for opportunities
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9.99% equity issue: strengthening the balance sheet and ready for opportunities
PGS has raised *9.99% new equity*: NOK919.6m in gross proceeds through a private placement of 21.8m new shares and 1.8m treasury shares. Price was *NOK 39 per share* (4% below closing on Tuesday 10 November). The company aims at strengthening its balance sheet and its ability to seize opportunities in the distressed offshore seismic industry. PGS announced the capital increase yesterday (Wednesday, 11 November) evening and managed to deliver it quickly.