TGS TGS-NOPEC Geophysical Company ASA

TGS: Delivery of Shares from Vested 2023 Restricted Share Units

TGS: Delivery of Shares from Vested 2023 Restricted Share Units

Oslo, Norway (13 March 2025) – with reference to the stock exchange release published on 4 March 2025 “Vesting of 2023 Restricted Share Unit Award.”  Of the 15,000 Restricted Share Units granted to Carel Hooijkaas, he received 12,536 shares in TGS today. The fair market value of the remaining shares is used to cover withholding obligations and other necessary deductions that arise in connection with the vest. The shares transferred to Carel Hooijkaas are taken from TGS treasury shares.  

After the transaction, Carel Hooijkaas owns 50,694 shares in TGS, and the number of treasury shares in TGS is 175,238.

About TGS

TGS provides advanced data and intelligence to companies active in the energy sector. With leading-edge technology and solutions spanning the entire energy value chain, TGS offers a comprehensive range of insights to help clients make better decisions. Our broad range of products and advanced data technologies, coupled with a global, extensive and diverse energy data library, make TGS a trusted partner in supporting the exploration and production of energy resources worldwide. For further information, please visit



Attachment



EN
13/03/2025

Underlying

TGSTGS-NOPEC Geophysical Company ASA

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on TGS-NOPEC Geophysical Company ASA

Baptiste Lebacq ... (+2)
  • Baptiste Lebacq
  • Jean-François Granjon
GTT GAZTRANSPORT & TECHNIGAZ SA
SOC SUBSEA 7 S.A.
TGS TGS-NOPEC GEOPHYSICAL COMPANY ASA
TRE TECNICAS REUNIDAS SA
TEC TECHNIPFMC PLC
VK VALLOUREC SA
TE TECHNIP ENERGIES NV
SPM SAIPEM S.P.A.
TEN TENARIS S.A.
VIRI VIRIDIEN
22m 22m 1 FR
Baptiste Lebacq ... (+2)
  • Baptiste Lebacq
  • Jean-François Granjon
GTT GAZTRANSPORT & TECHNIGAZ SA
SOC SUBSEA 7 S.A.
TGS TGS-NOPEC GEOPHYSICAL COMPANY ASA
TRE TECNICAS REUNIDAS SA
TEC TECHNIPFMC PLC
VK VALLOUREC SA
TE TECHNIP ENERGIES NV
SPM SAIPEM S.P.A.
TEN TENARIS S.A.
VIRI VIRIDIEN
40m 40m 1 EN
Steffen Evjen
  • Steffen Evjen
Free Trial
TGS TGS-NOPEC Geoph...

TGS (Buy, TP: NOK140.00) - The tide looks to be turning

Following a ~20% share price drop since mid-January, primarily driven by lower oil prices, we see firm signs of an improving seismic market. Q1 streamer vessel demand is shaping up to be ~25% higher YOY, and TGS is set to deploy three vessels on the NCS in Q2–Q3, which would be its busiest level since 2014. This, along with low-hanging merger-related fruit, looks set to drive a significant YOY increase in 2025e FCF, implying a ~15% yield. We reiterate our BUY and NOK140 target price.

TGS TGS-NOPEC GEOPHYSICAL COMPANY ASA
16h / 11m 16h / 11m 1 EN
ABGSC Energy Research ... (+6)
  • ABGSC Energy Research
  • Daniel Vårdal Haugland
  • Haakon Amundsen
  • John Olaisen
  • Njål Kleiven
  • Stian Wibstad
TGS TGS-NOPEC GEOPHYSICAL COMPANY ASA
OTL ODFJELL TECHNOLOGY LTD
DOFG DOF GROUP ASA
03/17/25 March 17, 2025 1 EN
 PRESS RELEASE
Free
TGS TGS-NOPEC Geoph...

TGS: Delivery of Shares from Vested 2023 Restricted Share Units

TGS: Delivery of Shares from Vested 2023 Restricted Share Units Oslo, Norway (13 March 2025) – with reference to the stock exchange release published on 4 March 2025 “Vesting of 2023 Restricted Share Unit Award.”  Of the 15,000 Restricted Share Units granted to Carel Hooijkaas, he received 12,536 shares in TGS today. The fair market value of the remaining shares is used to cover withholding obligations and other necessary deductions that arise in connection with the vest. The shares transferred to Carel Hooijkaas are taken from TGS treasury shares.   After the transaction, Carel Hooijkaas ...

March 13, 2025 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch