1. Settlement
June 11, 2019: Oslo, Norway, the PGS ASA 2016
Long Term Incentive Program settled on June 11, 2019. Employees in
PGS and subsidiaries (or "the Company") have received a total
number of 524 425 RSUs and a total number of 0 PRSUs that were
settled in cash. The payment has been determined based on an
average share price on June 11 of NOK 16.96 per share.
2. Settlement of RSUs/ PRSUs by primary
insiders
Out of the abovementioned release, the following
were settled by primary insiders:
Gottfred Langseth has settled 18 000 RSUs and
0 PRSUs in the Company
Per Arild Reksnes has settled 18 000 RSUs and 0
PRSUs in the Company
Rune Olav Pedersen has settled 18 000 RSUs and 0
PRSUs in the Company
Terje Bjølseth has settled 8 000 RSUs and 0 PRSUs
in the Company
Nathan Selvoy Oliver has settled 5 000 RSUs and 0
PRSUs in the Company
Berit Osnes has settled 5 000 RSUs and 0 PRSUs in
the Company
Bård Stenberg has settled 4 000 RSUs and 0 PRSUs
in the Company
Kai Reith has settled 4 000 RSUs and 0 PRSUs in
the Company
David J. Dakin has settled 3 000 RSUs and 0 PRSUs
in the Company
Grunde Rønsholt has settled 3 000 RSUs and 0 PRSUs
in the Company
Christin Steen-Nilsen has settled 2 500 RSUs and 0
PRSUs in the Company
Anette Valbø has settled 2 500 RSUs and 0 PRSUs in
the Company
Lars Ragnar Mysen has settled 1 750 RSUs and 0
PRSUs in the Company
Jens Fredrik Wisløff has settled 1 750 RSUs and 0
PRSUs in the Company
Magnus Christiansen has settled 1 100 RSUs and 0
PRSUs in the Company
Hege Renshus has settled 1 100 RSUs and 0 PRSUs in
the Company
Merethe Bryn has settled 375 RSUs and 0 PRSUs in
the Company
3. New holding
After completion of the above mentioned
transactions, Gottfred Langseth holds 9 000 RSUs and 96 000 PRSUs
in the Company. As of today the primary insider holds 190
106 shares in the Company.
After completion of the above mentioned
transactions, Per Arild Reksnes holds 9 000 RSUs and 96 000
PRSUs in the Company. As of today the primary insider holds 59 263
shares in the Company.
After completion of the above mentioned
transactions, Rune Olav Pedersen holds 9 000 RSUs and 162 000
PRSUs in the Company. As of today the primary insider holds 90 617
shares in the Company.
After completion of the above mentioned
transactions, Terje Bjølseth holds 4 000 RSUs and 40 000 PRSUs in
the Company. As of today the primary insider holds 47 088 shares in
the Company.
After completion of the above mentioned
transactions, Nathan Selvoy Oliver holds 4 000 RSUs and 36 000
PRSUs in the Company. As of today the primary insider holds 0
shares in the Company.
After completion of the above mentioned
transactions, Berit Osnes holds 4 000 RSUs and 30 000 PRSUs in the
Company. As of today the primary insider holds 21 186 shares in the
Company.
After completion of the above mentioned
transactions, Bård Stenberg holds 3 200 RSUs and 24 800 PRSUs in
the Company. As of today the primary insider holds 9 436 shares in
the Company.
After completion of the above mentioned
transactions, Kai Reith holds 3 200 RSUs and 24 800 PRSUs in the
Company. As of today the primary insider holds 44 341 shares in the
Company.
After completion of the above mentioned
transactions, David J. Dakin holds 2 400 RSUs and 20 600 PRSUs in
the Company. As of today the primary insider holds 7 753 shares in
the Company.
After completion of the above mentioned
transactions, Grunde Rønholt holds 2 400 RSUs and 13 600 PRSUs in
the Company. As of today the primary insider holds 25 359 shares in
the Company.
After completion of the above mentioned
transactions, Christin Steen-Nilsen holds 2 000 RSUs and 20 000
PRSUs in the Company. As of today the primary insider holds 7 012
shares in the Company.
After completion of the above mentioned
transactions, Anette Valbø holds 2 000 RSUs and 7 000 PRSUs in the
Company. As of today the primary insider holds 7 142 shares in the
company.
After completion of the above mentioned
transactions, Lars Ragnar Mysen holds 1 400 RSUs and 22 100 PRSUs
in the Company. As of today the primary insider holds 11 000 shares
in the Company.
After completion of the above mentioned
transactions, Jens Fredrik Wisløff holds 1 400 RSUs and 7 100 PRSUs
in the Company. As of today the primary insider holds 1 700 shares
in the Company.
After completion of the above mentioned
transactions, Magnus Christiansen holds 880 RSUs and 18 320 PRSUs
in the Company. As of today the primary insider holds 3 637 shares
in the Company.
After completion of the above mentioned
transactions, Hege Renshus holds 880 RSUs and 5 320 PRSUs in the
Company. As of today the primary insider holds 1 918 shares in the
Company.
After completion of the above mentioned
transactions, Merethe Bryn holds 280 RSUs and 3 920 PRSUs in the
Company. As of today the primary insider holds 0 shares in the
Company.
This information is subject
to the disclosure requirements pursuant to section 5 -12 of the
Norwegian Securities Trading Act.
This
announcement is distributed by West Corporation on behalf of West
Corporation clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Petroleum Geo-Services ASA via Globenewswire
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