Reference is made to the stock exchange notification published by
Electromagnetic Geoservices ASA ("EMGS" or the "Company") on 6 May 2025
regarding the Siem Day transaction, including the information therein regarding
a proposed extension of the maturity date for Elec ASA 18/25 FRN USD FLOOR STEP
C CONV ("EMGS03") as well as certain other proposed amendments to the bond terms
related to the transaction.
Attached hereto is a summons for a written resolution by the bondholders in
EMGS03.
The proposed amendments are supported by bondholders holding a number of bonds
sufficient to approve the proposed written resolution.
Contact
Anders Eimstad, CFO, +47 948 25 836
This information is published in accordance with the Norwegian Securities
Trading Act ยง 5-12.
About EMGS
EMGS, the marine EM market leader, uses its proprietary electromagnetic (EM)
technology to support oil and gas companies in their search for offshore
hydrocarbons. EMGS supports each stage in the workflow, from survey design and
data acquisition to processing and interpretation. The Company's services enable
the integration of EM data with seismic and other geophysical and geological
information to give explorationists a clearer and more complete understanding of
the subsurface. This improves exploration efficiency and reduces risks and the
finding costs per barrel. CSEM technology can also be used to detect the
presence of marine mineral deposits (primarily Seabed Massive Sulphides) and in
other offshore construction and exploration activity.