EMGS: New stock options granted
In its meeting on 14 February, 2012 the Board of EMGS has approved the
recommendation of the Compensation Committee to grant 4,520,000 new stock
options to employees. The options have been awarded in accordance with the
existing option program.
The new stock options can be exercised at a strike price of NOK 19.30, which was
the closing price of the share on 14 February 2012. In accordance with the
existing option program, the new options will be vested with 20 per cent each
year, starting on the day the options are granted.
All employees in EMGS have been granted a minimum of 5,000 options each.
The following primary insiders were granted options:
Bjarte Bruheim was granted 250,000 options. Following this, Bjarte Bruheim holds
a total of 350,000 options, 2,205,088 shares in the company and a forward
contract for 1,000,000 shares in EMGS.
Roar Bekker was granted 250,000 options. Following this, Roar Bekker holds a
total of 885,000 options and 130,000 shares in the company.
Svein Knudsen was granted 250,000 options. Following this, Svein Knudsen holds a
total of 445,000 options and 207,694 shares in the company.
Dave Ridyard was granted 200,000 options. Following this, Dave Ridyard holds a
total of 564,000 options and 13,200 shares in the company.
Anette Mellbye was granted 50,000 options. Following this, Anette Mellbye holds
a total of 274,000 options and 15,000 shares in the company.
Lodve Berre was granted 5,000 options. Following this, Lodve Berre holds a total
of 15,500 options and 2,069 shares in the company.
Marianne Bjørkhaug was granted 5,000 options. Following this, Marianne Bjørkhaug
holds a total of 15,500 options and no shares in the company.
Arve Furunes was granted 25,000 options. Following this, Arve Furunes holds a
total of 75,000 options and no shares in the company.
Magni Hofstad was granted 25,000 options. Following this, Magni Hofstad holds a
total of 41,000 options and 13,444 shares in the company.
Chris Guldberg was granted 50,000 options. Following this, Chris Guldberg holds
a total of 85,000 options and no shares in the company.
Svein Knudsen, EMGS chief financial officer +47 22 01 14 00
EMGS, the marine EM market leader, uses its proprietary electromagnetic (EM)
technology to support oil and gas companies in their search for offshore
hydrocarbons. EMGS supports each stage in the workflow, from survey design and
data acquisition to processing and interpretation. The company's services enable
integration of EM data with seismic and other geophysical and geological
information to give explorationists a clearer and more complete understanding of
the subsurface. This improves exploration efficiency, and reduces risks and the
finding costs per barrel.
EMGS has conducted more than 600 surveys to improve drilling success rates
across the world's mature and frontier offshore basins. The company operates on
a worldwide basis with main offices in Trondheim, Stavanger and Oslo, Norway;
Houston, USA; and Kuala Lumpur, Malaysia. Please visit www.emgs.com for more
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.