Siem Investments Inc., primary insider of Electromagnetic Geoservices ASA (EMGS), has used their allocated subscription rights to subscribe for 14,025,201 new shares in the ongoing Rights Issue in EMGS. The price per share is NOK 2.45.
Prior to the transaction, Siem Investment Inc. held 7,844,249 of the issued shares in EMGS.
An updated overview of the total holding of shares will be published following the issuance and allocation of the new shares.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.