TGS Vesting Under the 2019 Long-term Incentive Plan
TGS ASA (TGS) · publisert 6. oktober 2022 kl. 07:00 · vis på NewsWeb
Transaksjoner
| Person | Rolle | Type | Volum | Pris | Dato | ISIN | Handelsplass | Tolket via |
|---|---|---|---|---|---|---|---|---|
| Kristian Johansen | – | acquisition Emisjon/tegning | 15 584 | – | – | – | – | llm |
| Sven Borre Larsen | Chief Financial Officer | acquisition Emisjon/tegning | 4 934 | – | – | – | – | llm |
| Jan Schoolmeesters | – | acquisition Emisjon/tegning | 4 934 | – | – | – | – | llm |
| William Ashby | – | acquisition Emisjon/tegning | 5 248 | – | – | – | – | llm |
| David Hajovsky | – | acquisition Emisjon/tegning | 13 126 | – | – | – | – | llm |
| Tana Pool | – | acquisition Emisjon/tegning | 7 146 | – | – | – | – | llm |
| Whitney Eaton | – | acquisition Emisjon/tegning | 2 001 | – | – | – | – | llm |
| Amund Soia | – | acquisition Emisjon/tegning | 1 381 | – | – | – | – | llm |
Meldingstekst
OSLO, Norway (6 October 2022) - Reference is made to the stock exchange
announcement on 30 August 2022 published by TGS regarding vesting of Performance
Stock Units (PSUs) and Restricted Stock Units (RSUs).
As a consequence of the vesting, as announced on 30 August 2022, TGS has now
issued 127,625 shares.
The vesting of PSUs and RSUs granted by TGS in 2019 in accordance with the terms
of the 2019 Long Term Incentive Plan resulted in the right for a total of 68
participants to request the issuance of an aggregate of up to 170,164 shares of
TGS common stock pursuant to free-standing warrants subscribed by the
participant at the time of grant. Participants had the right to request TGS to
settle a portion of the vested units in cash to allow satisfaction of employees'
tax withholding obligations arising as a result of the vest.
Following the vest of PSUs and RSUs, an aggregate of 127,625 new shares of TGS
common stock have been issued to the 68 employees, which amount is net of any
units that were settled in cash. The following reflects the shares issued to
the primary insiders:
----Kristian Johansen - 15,584 shares
----Sven Borre Larsen - 4,934 shares
----Jan Schoolmeesters - 4,934 shares
----William Ashby - 5,248 shares
----David Hajovsky - 13,126 shares
----Tana Pool - 7,146 shares
----Whitney Eaton -- 2,001 shares
----Amund Soia -- 1,381 shares
Attached is the list of primary insiders, reflecting the balance of TGS shares
and free-standing warrants held after the issuance of shares described above.
Following the capital increase, TGS has a share capital of NOK 29,050,197.25
divided on 116,200,789 shares.
About TGS
TGS provides scientific data and intelligence to companies active in the energy
sector. In addition to a global, extensive and diverse energy data library, TGS
offers specialized services such as advanced processing and analytics alongside
cloud-based data applications and solutions.
Forward Looking Statement
All statements in this press release other than statements of historical fact
are forward-looking statements, which are subject to a number of risks,
uncertainties and assumptions that are difficult to predict, and are based upon
assumptions as to future events that may not prove accurate. These factors
include TGS' reliance on a cyclical industry and principal customers, TGS'
ability to continue to expand markets for licensing of data, and TGS' ability to
acquire and process data product at costs commensurate with profitability, as
well as volatile market conditions, which have been exacerbated by the COVID-19
pandemic and the severe drop in oil prices. Actual results may differ
materially from those expected or projected in the forward-looking statements.
TGS undertakes no responsibility or obligation to update or alter forward-
looking statements for any reason.
For more information, visit TGS.com (http://www.tgs.com) or contact:
Sven Børre Larsen
Chief Financial Officer
investor@tgs.com (mailto:investor@tgs.com)