Varie
Distribution of shares to former Volant owners
ASKER, NORWAY (29 May 2015) - TGS has today distributed in total 8,764 treasury shares as a final payment to the former owners of Volant Solutions, in accordance with the share purchase agreement signed in May 2012. One of the former owners of Volant Solutions, Scott Schneider, now TGS' VP Information Technology, Information Systems, is a primary insider. After this transaction Scott Schneider holds 7,380 shares in TGS. Mr. Schneider does also hold 5,700 TGS stock options.
The company has distributed the shares to the former owners of Volant Solutions from its balance of treasury shares. Following the transfer of the shares, TGS holds 1,901,098 of the issued shares as treasury shares.
www.tgs.com
For additional information about this press release please contact:
COO/Interim CFO
Cell: +47 47 60 33 34
Email: kristian.johansen@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)
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