Key Updates on EMGS and Bond Terms for Investors

Author: Logan Wright Updated: 05-06-2025 03:45 PM

Important Developments for EMGS Bondholders

Electromagnetic Geoservices ASA, commonly known as EMGS, recently shared significant information with its stakeholders regarding bondholder resolutions. This pertains mainly to the Elec ASA 18/25 FRN USD FLOOR STEP C CONV bonds, referred to as EMGS03.

Overview of the Bondholder Resolution

In an official statement, EMGS announced a summons intended for a written resolution concerning the amendment of bond terms. This aligns with the ongoing assessment regarding the maturity date extension for the EMGS03 bonds, previously highlighted in their stock exchange notification on May 6, 2025. The collective support from bondholders indicates a strong consensus on the proposed changes, suggesting a well-rounded agreement.

Support for Proposed Amendments

The proposed resolutions concerning the EMGS03 bonds have garnered backing from bondholders holding a substantial share of the bonds. This widespread support is crucial, as it determines the approval of the alterations to the bond terms being proposed. The company aims to ensure that all interested parties are informed and involved as these developments unfold.

Contact Information

For those who wish to know more or have specific inquiries regarding bondholder communications, they can reach out to Anders Eimstad, the CFO of EMGS, at +47 948 25 836. He will provide clarity and guidance as necessary.

About Electromagnetic Geoservices ASA (EMGS)

EMGS stands as a leader in the marine electromagnetic surveying market. By employing advanced electromagnetic technology, EMGS assists oil and gas enterprises in their pursuit of offshore hydrocarbon deposits. The services offered by the company cover all phases, from survey planning through data collection to processing and detailed interpretation.

Furthermore, their innovative tools enable seamless integration of electromagnetic data with traditional seismic measurements and geological findings. This integration significantly enhances efficiency during exploration and reduces the associated risks and costs involved in identifying oil and gas reserves.

Additionally, EMGS’s capabilities extend beyond hydrocarbons; their technology can also facilitate the detection of marine mineral resources and support various offshore construction projects.

Frequently Asked Questions

What is the significance of the EMGS03 bond resolution?

The resolution aims to amend the terms of the EMGS03 bonds, primarily regarding extending their maturity date, which can enhance financial flexibility for EMGS.

How are bondholders involved in the decision-making?

Bondholders are given the opportunity to vote on the proposed changes, with the support of a majority necessary for the resolution to pass.

Who can I contact for more information about the EMGS03 bonds?

You can reach out to Anders Eimstad, CFO, at +47 948 25 836 for detailed inquiries.

What services does EMGS provide in the offshore oil sector?

EMGS offers a comprehensive range of services, including survey design, data acquisition, and the integration of EM data with seismic information to support hydrocarbon exploration.

Can EMGS technology be used for purposes other than oil exploration?

Yes, EMGS technology can also be employed for detecting marine mineral deposits and supporting various offshore construction activities.

About The Author

Dedicated Author and financial expert Logan Wright here, 29 years old. After earning an economics degree, I spent a number of years working in different financial industries. My great passion is enabling everyone, from any background or experience level, to understand and be literate in financial matters.

My books and writings are centered on simplifying difficult financial ideas into doable, understandable guidance. Whether it's retirement planning, investing, or budgeting, I want to arm readers with the information they need to make wise financial choices and realize their financial objectives.

Apart from writing, I also frequently post to financial blogs and organize webinars and workshops targeted at enlightening participants about personal finance. Always, my strategy is to offer concise, doable advice that can truly improve people's lives.

Away from work, I like to read, travel, and sample new foods. My goal is to infuse everything I do with the balance that I think is essential to both financial and personal well-being. By my profession, I want to encourage and enable people to confidently and clearly take charge of their financial futures.

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