During today’s hearing, in order to take into account the extraordinary general meeting of the shareholders of CGG convened on second notice on November 13, 2017.
CGG announces that a quorum of 22.48% of the share capital was present at the general meeting of shareholders held today, which allowed to vote on the ordinary part of the agenda, i.e. mainly approval of the 2016 accounts.
CGG announces completion of the Pre-Stack Depth Migration (PSDM) of its Cairenn multi-client survey in the Porcupine Basin, west of Ireland. Cairenn is the first of a series of multi-client surveys that CGG has recently been acquiring in the area. PSDM products for its Galway survey will be delivered before the end of the year.
At the request of the French Autorité des Marchés Financiers, the Company states that today Dimensional Funds Advisors LLP informed them that they had crossed below the 1% thresholds of CGG capital and voting rights.
CGG has been awarded a contract by Côte d’Ivoire’s Direction Générale des Hydrocarbures (DGH) and PETROCI, the national oil company, to acquire with its local partner, Harvex Geosolutions, a multi-client program of gravity, gravity gradiometry and magnetic data over the Republic’s onshore and shallow offshore basins.
CGG announces that, today, the Autorité des marchés financiers granted visa no.17-559 to the securities note supplement (the “Securities Note Supplement”) to the prospectus (in the French language) approved by the AMF under visa no.17-551 on October 13th, 2017.
CGG has called a Combined General Meeting of its shareholders to be held October 311, 2017, notably with the aim of approving the resolutions required for the implementation of its financial restructuring plan.
CGG announces that, today, the Autorité des marchés financiers granted visa n°17-551 to the prospectus (in the French language) made available to the public.
The report prepared by Ledouble SAS, appointed as independent appraiser to give an opinion on the fairness to the shareholders of the contemplated financial restructuring of CGG as a whole, is available on the website www.cgg.com.