CGG Announces Conversion of Nearly 82% of its Convertible Bonds Due 2012
November 21 2005 - 2:17AM
PR Newswire (US)
PARIS, November 21 /PRNewswire-FirstCall/ -- Compagnie Generale de
Geophysique (ISIN: FR0000120164 ; NYSE: GGY) today announces the
conversion of nearly 82% of its Convertible Bonds due 2012. The
amendment to the terms of the convertible bonds announced on
October 17 2005, having been approved by the General Meeting of
bondholders held on November 2, 2005, was approved by a General
Meeting of CGG shareholders held on November 16, 2005. The early
conversion period was open from November 17 to November 18 2005,
inclusive. At the conclusion of the conversion period, 11,475
convertible bonds due 2012 were converted, leading to the issuance
of 1,147,500 new shares. 2,525 convertible bonds remain
outstanding. This press release does not constitute an offer to
sell, or a solicitation of offers to purchase or subscribe for,
securities in the United States. The securities referred to in this
press release have not been, and will not be, registered under the
Securities Act of 1933, as amended, and may not be offered or sold
in the United States absent registration or an applicable exemption
from registration requirements. Contact: Christophe Barnini
+33-1-64-47-38-10/+33-1-64-47-38-11 Email : DATASOURCE: Compagnie
Generale de Geophysique (CGG) CONTACT: Christophe Barnini, Tel:
+(33)-1-64-47-38-10/+33-1-64-47-38-11, Email :
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