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EMGS: Summons for written resolution in relation to Elec ASA 18/25 FRN USD FLOOR STEP C CONV
Globenewswireยท 2025-05-06 19:34
Group 1 - The company Electromagnetic Geoservices ASA (EMGS) is proposing amendments to the bond terms related to the Siem Day transaction, including an extension of the maturity date for EMGS03 bonds [1] - Bondholders holding a sufficient number of bonds support the proposed written resolution for the amendments [2] Group 2 - EMGS is a leader in the marine electromagnetic (EM) market, utilizing proprietary technology to assist oil and gas companies in offshore hydrocarbon exploration [4] - The company's services encompass all stages of the workflow, from survey design and data acquisition to processing and interpretation, enhancing exploration efficiency and reducing costs [4] - CSEM technology is also applicable for detecting marine mineral deposits and in various offshore construction and exploration activities [4]