Reference is made to the stock exchange notification published by Electromagnetic Geoservices ASA (“EMGS” of the “Company”) on 26 April 2019, wherein it was announced that the board of directors had approved the EMGS' 2018 annual financial statements and annual report. Reference is further made to the stock exchange notification published by EMGS on 13 June 2019, wherein it was announced that the annual general meeting (the “AGM”) of the Company had, in accordance with the proposal by the board of directors, resolved to approve the 2018 annual financial statements and the annual report, however so that the Company’s share premium account as of the balance sheet date was reduced to zero and offset in full against other equity (uncovered loss).
As announced in the stock exchange notification on 13 June 2019, based on the AGM’s resolution the Company has prepared updated financial statements and annual report for 2018. A complete overview of the updates made is included on page 4 of the updated annual report.
Attachment: EMGS ANNUAL REPORT 2018
For further information, please contact:
Hege Veiseth, CFO, +47 99 21 67 43