Continental Focus, International Reach

Shareholders Approve TGS/Spectrum Merger

Wednesday, June 26, 2019

At an extraordinary general meeting at the law firm of Schjødt on June 21, all resolutions were approved by TGS shareholders for the merger plan with Spectrum.

Concurrently, with the TGS extraordinary general meeting, an extraordinary general meeting of Spectrum has also approved the merger plan. For further information.

Kristian Johansen, CEO of TGS, said “We are pleased about the transaction approval for TGS to acquire Spectrum. Spectrum’s portfolio will enhance TGS’ position as a leading multi-client geophysical data provider covering all mature and frontier basins. Spectrum’s extensive 2D library also furthers TGS’s data analytics strategy, where access to large amounts of data is a key success factor.”

Final closing of the transaction is expected in Q3 2019.