Lysaker, 6 November 2019
Reference is made to previous announcements regarding the private placement and subsequent offering of shares in Axxis Geo Solutions ASA (the "Company").
The Financial Supervisory Authority of Norway has today approved a prospectus, dated 6 November 2019 (the “Prospectus”) that has been prepared in connection with listing of the 37,500,000 new shares placed in the private placement (the “Private Placement Shares”) and the subsequent offering of up to 8,333,333 new shares (the “Subsequent Offering”). Prospectus will, subject to regulatory restrictions in certain jurisdictions, be available on the following websites: www.axxisgeo.com, www.abgsc.no, www.fearnleysecurities.no and www.sb1markets.no. Printed copies of the prospectus may also be obtained free of charge at the offices ABG Sundal Collier ASA, Munkedamsveien 45e, 0250 Oslo, Norway.
The Private Placement Shares were registered on the respective shareholders' VPS accounts under a separate ISIN number (NO 0010866783) and have remained unlisted until publication of the Prospectus. The Private Placement Shares will be transferred to the Company's ordinary ISIN number (NO 0010778095) and will be tradable from 7 November 2019 with ordinary settlement on a T+2 basis.
Further, the subscription period in the Subsequent Offering will commence tomorrow, 7 November 2019 at 09:00 CET and end on 21 November 2019 at 16:30 CET.
Important information:
The release is not for publication or distribution, in whole or in part directly or indirectly, in or into Australia, Canada, Japan or the United States (including its territories and possessions, any state of the United States and the District of Columbia). This release is an announcement issued pursuant to legal information obligations and is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. It is issued for information purposes only and does not constitute or form part of any offer or solicitation to purchase or subscribe for securities, in the United States or in any other jurisdiction. The securities mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "US Securities Act"). The securities may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the US Securities Act. The Company does not intend to register any portion of the offering of the securities in the United States or to conduct a public offering of the securities in the United States. Copies of this announcement are not being made and may not be distributed or sent into Australia, Canada, Japan or the United States. The issue, subscription or purchase of shares in the Company is subject to specific legal or regulatory restrictions in certain jurisdictions. The Company does not assume any responsibility in the event there is a violation by any person of such restrictions. The distribution of this release may in certain jurisdictions be restricted by law. Persons into whose possession this release comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
Forward-looking statements: This release and any materials distributed in connection with this release may contain certain forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they reflect the Company's current expectations and assumptions as to future events and circumstances that may not prove accurate. A number of material factors could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.
Contacts
Svein Knudsen, CFO
Svein.Knudsen@axxisgeo.com
+47 906 94 170
Nina Midtlie, Group Financial Director
nina.midtlie@axxisgeo.com
+47 982 06 378
About AGS
Axxis Geo Solutions (AGS) is a pure-play ocean bottom node seismic company uniquely positioned to pursue both contract and multi-client seismic. AGS specializes on delivering tailored seismic solutions and flexible project management and execution to oil and gas companies world-wide. Its operations are based on a scalable asset-light setup through chartering of vessels and nodes to complete seismic surveys.
AGS is listed on Oslo Axess and traded under the ticker AGS.
More information on www.axxisgeo.com