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TGS reports Q4 2015 earnings and announces dividend of USD 0.15 per share in Q1 2016
ASKER, NORWAY (02 February 2016) - Following its update on 07 January 2016, TGS now confirms Q4 2015 net revenues of USD 132 million and full year 2015 net revenues of USD 612 million. The Board of Directors has resolved to pay a dividend of USD 0.15 per share in Q1 2016.
From 2016, TGS will start paying quarterly dividends in accordance with the resolution made by the Annual General Meeting on 6 May 2015. The aim will be to keep a stable quarterly dividend in US dollars through the year, but the actual level paid will be subject to continuous evaluation of the underlying development of the company and the market.
The Board of Directors of TGS has resolved to pay a dividend of USD 0.15 per share in Q1 2016. The dividend will be paid in the form of NOK 1.30 per share on 23 February 2016. The share will trade ex-dividend on 9 February 2016.
To access TGS Q4 2015 results information click below:
Robert Hobbs (CEO) and Sven Børre Larsen (CFO) will present the results at approximately 08:30 CET at the Hotel Continental, Stortingsgata 24/26 in Oslo, Norway. The presentation is open to the public. The presentation can be followed live on the internet at www.tgs.com .
The slides from the presentation will also be available in PDF format on the TGS website.
CEO Robert Hobbs and CFO Sven Børre Larsen will host a conference call on 2 February 2016 at 15:00 CET (9:00 AM New York time). Attendees may want to call 5-10 minutes before 15:00 CET (9:00 AM NY) to ensure registration and access.
Participants will need to quote the following confirmation code when dialing into the conference:
A Q&A session will follow a short introduction, based upon the presentation issued in the morning. To pose a question, please press *1.
A replay of the conference call will be available shortly after. To access replay of the TGS conference call,
A replay of the conference call will also be available at www.tgs.com.
www.tgs.com
For additional information about this press release please contact:
Chief Financial Officer
Tel: +47 90 94 36 73
Email: sven.larsen@tgs.com
Director Finance Western Hemisphere & Investor Relations
Tel: +1 713 860 2184
Email: will.ashby@tgs.com
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)
Copyright GlobeNewswire
Attachment(s)
http://hugin.info/86869/R/1982913/726614.pdf
http://hugin.info/86869/R/1982913/726615.pdf
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Source: %s via Globenewswire