EMGS Electromagnetic GeoServices AS

EMGS: Disclosure of Large Shareholding (Flagging)

EMGS: Disclosure of Large Shareholding (Flagging)

On 28 March 2025, Siem Investments S.à r.l., holding 43,327,467 shares in Electromagnetic Geoservices ASA (33.08% of shares and votes), was merged into Momentum S.à r.l.

Both entities are wholly owned subsidiaries of Siem Industries S.A. The merger did not result in any change in ultimate control.

This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act



EN
28/03/2025

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EMGSElectromagnetic GeoServices AS

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Reports on Electromagnetic GeoServices AS

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EMGS Electromagnetic...

EMGS – Board of directors approves audited financial statements and an...

EMGS – Board of directors approves audited financial statements and annual report for 2024 The board of directors of Electromagnetic Geoservices ASA ("EMGS" or the "Company") has today approved EMGS' 2024 annual financial statements and annual report. There are no material changes to the financial statements compared to the preliminary and unaudited full year results presented by the Company on 10 February 2025. EMGS' annual report for 2024 is enclosed to this stock exchange notification. Based on ongoing dialogue, it is the Company’s understanding that bondholders in the Company’s outst...

April 24, 2025 1 EN
 PRESS RELEASE
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EMGS Electromagnetic...

EMGS – Vessel activity and multi-client sales update for the first qua...

EMGS – Vessel activity and multi-client sales update for the first quarter 2025 Electromagnetic Geoservices ASA (the “Company” or “EMGS”) releases information on vessel activity and multi-client sales during the quarter approximately 4-5 working days after the close of each quarter. The Company defines vessel utilisation as the percentage of the vessel charter period spent on proprietary or multi-client data acquisition. Downtime (technical or maritime), mobilisation, steaming, and some standby activities are not included in the utilisation rate.  At the end of the first quarter 2025 the Co...

April 17, 2025 1 EN
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EMGS Electromagnetic...

EMGS: Disclosure of Large Shareholding (Flagging)

EMGS: Disclosure of Large Shareholding (Flagging) On 28 March 2025, Siem Investments S.à r.l., holding 43,327,467 shares in Electromagnetic Geoservices ASA (33.08% of shares and votes), was merged into Momentum S.à r.l. Both entities are wholly owned subsidiaries of Siem Industries S.A. The merger did not result in any change in ultimate control. This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act

March 28, 2025 1 EN
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EMGS Electromagnetic...

EMGS Receives Contract Related to Previously Announced Letter of Award...

EMGS Receives Contract Related to Previously Announced Letter of Award for Survey in India Reference is made to the stock exchange notification published by Electromagnetic Geoservices ASA ("EMGS" or the "Company") on 15 January 2025 wherein EMGS announced that the Company had received a Letter of Award for a CSEM survey in India. The Company is pleased to announce that the final contract has now been signed. Under the signed contract, the final contract value remains approximately USD 10 million, i.e. in accordance with the expectation under the Letter of Award.   ContactAnders Eimstad...

March 24, 2025 1 EN
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EMGS Electromagnetic...

EMGS reports fourth quarter 2024 results

EMGS reports fourth quarter 2024 results Electromagnetic Geoservices ASA’s (“EMGS” or the “Company”) financial report and market presentation for the fourth quarter of 2024 are attached. Summary: * The Company recorded revenues of USD 9.7 million, up from USD 1.1 million in the fourth quarter of 2023. * Adjusted EBITDA (including capitalised multi-client expenses and vessel and office lease expenses) of USD 7.9 million, up from negative USD 1.7 million in the fourth quarter of 2023.* Free cash decreased with USD 4.1 million during the quarter, to USD 9.1 million. A pre-recorded presen...

February 10, 2025 1 EN

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