(Oslo, 4 July 2022) The Board of directors have adopted to increase the share capital of the Company by NOK 31,386.50 by issuance of 627,730 new shares, each with a nominal value of NOK 0.05, to settle 571,000 Restricted Stock Units (RSUs) and 56,730 Performance Stock Units (PSUs).
The RSUs and PSUs for Management are the result of the Company's Long Term Incentive Program (“LTIP”) granted in 2020 where settlement is in shares through the established RSU and PSU program. 40% was settled in shares in 2021, 40% is settled now in July 2022 and the remaining 20% will be settled in 2023.
List of the primary insiders receiving RSUs and PSUs and PDMR notifications pursuant to the Market Abuse Regulation article 19 is attached to this announcement.
This is information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
For further information, please contact:
André Bjørvik, SVP Corporate Communication
Tel: +47 907 42 746
Magseis Fairfield is the global leading provider of ocean bottom seismic (OBS) technology and data acquisition projects. The company has a flexible business model with full scale node operations, as well as lease and sale models. The Marine Autonomous Seismic System "MASS" nodes and the range of Z-nodes combined with handling systems and source technology enables market leading deployment speed and highly cost-efficient acquisition of data with exceptional quality.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.