Compagnie Generale de Geophysique - Shareholders's Meeting, October 29th, 2004
October 29 2004 - 8:00AM
PR Newswire (US)
Compagnie Generale de Geophysique - Shareholders's Meeting, October
29th, 2004 PARIS, France, October 29 /PRNewswire-FirstCall/ -- The
shareholders of Compagnie Generale de Geophysique (NYSE:GGY) met
today and approved resolutions which covered among other things: -
The Onex-reserved issue of bonds to the amount of USD 84.980
millions convertible into new shares, redeemable for new shares.
The transaction closing is expected to take place on November 4th
2004. - The appointment of Andrew Shiner, one of the managing
directors of ONEX, as board member, on the day of ONEX'
subscription to the bonds. From that date, CGG's Board of Directors
will have 11 members. The Compagnie Generale de Geophysique group
is a global participant in the oilfield services industry,
providing a wide range of seismic data acquisition, processing and
geoscience services and software to clients in the oil and gas
exploration and production business. It is also a global
manufacturer of geophysical equipment through its subsidiary
Sercel. Internet: http://www.cgg.com/ DATASOURCE: Geophysique
CONTACT: Contacts: Christophe PETTENATI-AUZIERE, +33-1-64-47-36-75
or Christophe BARNINI, +33-1-64-47-38-10, E-mail:
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