TGS : Mandatory Notice of Trade ASKER (9 August 2013) - The Board of Directors of TGS-NOPEC Geophysical Company ASA has authorized the award of stock options to be granted to 60 key employees of the Company. A total of 600,000 stock options were granted on 8 August 2013 and the exercise price was NOK 181.90, the closing price of the share on the OSE on 7 August 2013. The list of primary insiders receiving grants is attached. In accordance with the measures approved by the Shareholders of TGS-NOPEC at the Annual General Meeting on 4 June 2013, these options are secured by free-standing warrants. Each free-standing warrant gives the right to subscribe for one share. The optionees will be entitled to exercise their options as follows: 50% of the total number beginning on 8 August 2016; 100% of the total number beginning on 8 August 2017, less any options previously exercised. The options may not be exercised after 4 June 2018. The options will be valid once the documents are finalized. Company summary TGS-NOPECGeophysical 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, permanent reservoir monitoring and data integration solutions. For more information visitTGS online atwww.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 principal 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: Kristian Johansen Chief Financial Officer Cell: +47 47 60 33 34 Email: firstname.lastname@example.org Will Ashby Director Investor Relations and M&A Tel: +1 713 860 2184 begin_of_the_skype_highlightingend_of_the_skype_highlighting Email: email@example.com This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. TGS Primary Insiders Options Grant 9August2013 ------------------------------------------------------------------------------ This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: TGS via Thomson Reuters ONE HUG#1722165
TGS : Mandatory Notice of Trade
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