EMGS Bondholders Approve Maturity Extension Proposal

Author: Evelyn Baker Updated: 05-07-2025 11:15 AM

EMGS Receives Approval on Bondholder Resolution

Electromagnetic Geoservices ASA, known as EMGS, has made significant strides in managing its bond obligations. Recently, the company has announced that it has obtained the necessary approval from bondholders regarding an important proposal. This proposal includes extending the maturity date of the current bond issue, designated as Elec ASA 18/25 FRN USD FLOOR STEP C CONV, commonly referred to as EMGS03. The announcement was made following a stock exchange notification published on a day that has been deemed significant for the company's financial future.

Key Details of the Resolution

On this important day, EMGS was officially notified by Nordic Trustee AS, which acts as the trustee for the EMGS03 bonds. This notification confirmed that the bondholders' written resolution has been successfully resolved and adopted. The strategic decision to amend the terms concerning the bond issue is anticipated to offer EMGS enhanced financial flexibility, crucial for navigating current market conditions.

About EMGS and Its Operations

EMGS has established itself as the leader in the marine electromagnetic (EM) market. The company utilizes its proprietary technology to aid oil and gas firms in their quest to locate offshore hydrocarbons. EMGS engages in various stages of the exploration workflow, offering services that span from survey design to data acquisition and processing. By integrating EM data with seismic and geological insights, EMGS provides explorationists with a comprehensive understanding of subsurface conditions. This integration is essential for improving exploration efficiency while reducing the associated risks and costs that come with finding new resources.

Exploration Technology and Its Applications

The utilization of Controlled Source Electromagnetics (CSEM) technology has proven invaluable. Not only does it assist in hydrocarbon exploration, but it is also instrumental in detecting marine mineral deposits, such as Seabed Massive Sulphides. This capability makes EMGS a vital player in offshore construction and exploration activities worldwide.

Contact Information for EMGS

For those looking to connect with EMGS for inquiries or further information, the company's Chief Financial Officer, Anders Eimstad, is available. He can be reached directly at +47 948 25 836.

Frequently Asked Questions

What was approved by the bondholders of EMGS?

The bondholders approved a proposal to extend the maturity date of the outstanding bond issue EMGS03 and amend certain terms of the bond.

Who is the trustee for EMGS03?

Nordic Trustee AS serves as the trustee for the EMGS03 bond issue.

What does EMGS do?

EMGS is a leader in marine electromagnetic technology, supporting oil and gas exploration through various data services.

Who can I contact for more information about EMGS?

Anders Eimstad, the CFO of EMGS, is the contact person and can be reached at +47 948 25 836.

What benefits does EMGS provide to its clients?

EMGS enhances exploration efficiency and reduces risks and costs associated with discovering offshore hydrocarbons by integrating EM data with other geological information.

About The Author

Greetings, I'm 32-year-old author and financial specialist Evelyn Baker. My introduction into the financial industry started with an economics degree and continued with a wealth of experience in wealth management and financial consulting. My great passion over the years has been assisting people and companies in making wise, well-informed decisions to reach their financial objectives.

My goal with writing is to simplify difficult financial ideas into understandable, doable guidance. My goal in writing many books and articles is to make personal finance understandable to everyone, irrespective of their experience or background. I want to give readers the information they need to take charge of their financial futures, from investing and retirement planning to budgeting and saving.

Along with my writing, I lead webinars and workshops where I provide doable advice and methods for achieving financial success. To reach a larger audience, I also frequently contribute to financial blogs and publications. My method is always to offer doable, real-world guidance that can actually improve people's lives.

Aside from my job, I like to cook, travel, and experience other cultures. I work hard to apply my belief in the value of a balanced life to my financial counsel. My goal in working is to encourage and enable people to succeed financially so they may lead the best lives possible.

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