CGG Converts a Vendor Loan into Shearwater Shares
Paris, France | Dec 30, 2020
On December 29, 2020, CGG SA converted a Vendor Note issued by Shearwater Group on January 8, 2020 with the amount of 49,399,176 US Dollars into shareholding in Shearwater Geoservices Holding AS. Through this transaction, CGG SA subscribed to 1,958,248 Class A shares, corresponding to 3.30% of the total outstanding shares and 3.34% of the shares having voting rights in Shearwater Geoservices Holding AS.
About CGG
CGG (www.cgg.com) is a global geoscience technology leader. Employing around 3,700 people worldwide, CGG provides a comprehensive range of data, products, services and solutions that support our clients to more efficiently and responsibly solve complex natural resource, environmental and infrastructure challenges. CGG is listed on the Euronext Paris SA (ISIN: 0013181864).
