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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Reports on Electromagnetic GeoServices AS

 PRESS RELEASE

EMGS: Signed agreement for asset sale transaction

EMGS: Signed agreement for asset sale transaction Reference is made to the stock exchange announcement published by Electromagnetic Geoservices ASA (the "Company" or "EMGS") on 9 March 2026 regarding a non-binding term sheet for a transaction (the "Transaction") under which an undisclosed, independent third-party would acquire EMGS' business operations and assets, including hardware, IPR, contractual positions and all of the Company's employees (together, the "EM Business"). EMGS has now entered into a binding transaction agreement (the "Agreement") with the buyer, P-2 Riggs Capital, Inc. ...

 PRESS RELEASE

EMGS: Non-binding term sheet for asset transaction

EMGS: Non-binding term sheet for asset transaction Reference is made to the previous stock exchange announcements and information published by Electromagnetic Geoservices ASA (the "Company" or "EMGS") regarding the Company's financial situation, including the Company's interim financial report for the fourth quarter of 2025 published on 11 February 2026 and the stock exchange announcements published on 2 January 2026 and 1 October 2025. As previously announced, the Company has been evaluating all available strategic alternatives in order to safeguard the interests of its stakeholders. EMG...

 PRESS RELEASE

EMGS reports fourth quarter 2025 results

EMGS reports fourth quarter 2025 results Electromagnetic Geoservices ASA’s (“EMGS” or the “Company”) financial report for the fourth quarter of 2025 is attached. Summary: * The Company recorded revenues of USD 3.9 million, down from USD 9.7 million in the fourth quarter of 2024. * Adjusted EBITDA (including capitalised multi-client expenses and vessel and office lease expenses) of negative USD 1.3 million, down from USD 7.9 million in the fourth quarter of 2024.* EMGS impaired USD 3.9 million in long-term assets and USD 2.7 million in inventory in the fourth quarter * The Company continu...

 PRESS RELEASE

EMGS – Vessel activity and multi-client sales update for the fourth qu...

EMGS – Vessel activity and multi-client sales update for the fourth 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.  The Atlantic Guardian was redelivered to h...

 PRESS RELEASE

EMGS: Going Concern & Capital Structure

EMGS: Going Concern & Capital Structure Reference is made to the stock exchange announcement published by Electromagnetic Geoservices ASA's (the "Company" or "EMGS") on 5 November 2025 and to the Company's interim financial report for the third quarter of 2025. As announced, EMGS expects to require additional funding within the near term to sustain operations, and the Company is evaluating several alternatives to preserve value for its stakeholders, including restructuring options. The Company has retained an external advisory firm to support in the ongoing evaluation of all available opti...

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