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

EMGS – Vessel activity and multi-client sales update for the second 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 second quarter 2025 the ...

 PRESS RELEASE

EMGS: Annual general meeting held

EMGS: Annual general meeting held The annual general meeting (the "AGM") of Electromagnetic Geoservices ASA ("EMGS" or the "Company") was held today, 19 June 2025 at 12:00 CEST. All items on the agenda were resolved in accordance with the board of directors' proposals and the Nomination Committee's recommendations. Following the election of new board members at the annual general meeting, the following persons constitute the Company’s board of directors: - Kenneth Ross (Chairman) - Stig Tore Vangen - Glenn Pettersen - Marianne Engelsen Hals - Sasha Siem The minutes of meeting from ...

 PRESS RELEASE

EMGS: Notice of Annual General Meeting

EMGS: Notice of Annual General Meeting Notice is hereby given of the annual general meeting of Electromagnetic Geoservices ASA ("EMGS" or the "Company"). The annual general meeting will be held at the Company's offices in Karenslyst Allé 4, 4(th) floor, 0278 Oslo, Norway on 19 June 2025 at 12:00 CEST. The calling notice is attached to this stock exchange notification, and will, together with all appendixes, the Company's annual report for 2024, and the remuneration report for 2024 be published on the Company's webpage ContactAnders Eimstad, Chief Financial Officer, About EMGSEMGS, the m...

 PRESS RELEASE

EMGS reports first quarter 2025 results

EMGS reports first quarter 2025 results Electromagnetic Geoservices ASA’s (“EMGS” or the “Company”) financial report and market presentation for the first quarter of 2025 are attached. Summary: * The Company recorded revenues of USD 10.0 million, up from USD 0.2 million in the first quarter of 2024 and up 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 USD 2.0 million, up from negative USD 3.8 million in the first quarter of 2024.* Free cash decreased with USD 3.1 million during th...

 PRESS RELEASE

EMGS: Result of Written Resolution of Bondholders

EMGS: Result of Written Resolution of Bondholders Reference is made to the stock exchange notification published by Electromagnetic Geoservices ASA ("EMGS" or the "Company") on 6 May 2025 pertaining to EMGS’ proposal to extend the maturity date for, and amend certain terms of, the Company’s outstanding bond issue Elec ASA 18/25 FRN USD FLOOR STEP C CONV (“EMGS03”). EMGS has today been notified by Nordic Trustee AS, as trustee for EMGS03, that the proposed resolution has been resolved and adopted. The notice from the written bondholders' resolution is attached to this release. ContactAnde...

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