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TGS ASA - 2025 Annual General Meeting Held
Globenewswire· 2025-05-08 16:30
Company Overview - TGS ASA held its Annual General Meeting on 8 May 2025, where all proposed resolutions were approved by shareholders [1] - TGS provides advanced data and intelligence to companies in the energy sector, utilizing leading-edge technology and solutions across the entire energy value chain [1] - The company offers a comprehensive range of insights to assist clients in making informed decisions, supported by a global and diverse energy data library [1] Industry Context - TGS operates within the energy sector, focusing on exploration and production of energy resources worldwide [1] - The company’s products and advanced data technologies position it as a trusted partner for clients in the energy industry [1]
TGS VESTING UNDER THE 2022 LONG-TERM INCENTIVE PLAN
Globenewswire· 2025-05-08 05:00
Core Points - TGS granted the third tranche of Performance Stock Units (PSUs) under the Magseis 2022 Long-term Incentive Plan, which was authorized by the Board of Directors in 2023 [1] - The third tranche of PSUs vested on April 1, 2025, allowing 51 PSU holders to request the issuance of TGS shares, with a final payout of 58.3% based on performance metrics, resulting in 15,721 shares issuable [2] - Primary Insider Carel Hooijkaas received 2,470 shares from his vested PSUs, after which he owns a total of 53,164 shares in TGS [3] - Following the transaction, TGS holds 153,517 of its own shares in treasury [4] Company Overview - TGS provides advanced data and intelligence to companies in the energy sector, offering a comprehensive range of insights to support exploration and production of energy resources worldwide [5]