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Notice of early redemption of bonds convertible and/or exchangeable for new or existing CGG shares (OCEANEs) due 1 January 2016
PARIS, May 27, 2014 (GLOBE NEWSWIRE) -- The early redemption of bonds convertible and/or exchangeable for new or existing CGG shares (OCEANEs) due 1 January 2016 will occur on 27 June 2014 at a price of €27.80 per OCEANE plus accrued interest as from 1
st January 2014 equal to €0.235919, i.e., a total amount of €28.035919 per OCEANE and not on 19 June as indicated in the press release dated 20 May 2014.
Interest will cease to accrue from 27 June 2014.
Until the seventh calendar day included preceding the early redemption date, i.e., 18 June 2014, holders of OCEANEs will have the ability to exercise their option to receive ONE CGG share (ISIN code FR0000120164) for EACH OCEANE.
The requests for the exercise of the conversion/exercise right shall be received by BNP Paribas Securities Services, in its capacity as centralizing agent, at the latest on 18 June 2014.
OCEANEs which are not presented for conversion on 18 June 2014 will be redeemed for cash on 27 June 2014.
www.cgg.com) is a fully integrated Geoscience company providing leading geological, geophysical and reservoir capabilities to its broad base of customers primarily from the global oil and gas industry. Through its three complementary business divisions of Equipment, Acquisition and Geology, Geophysics & Reservoir (GGR), CGG brings value across all aspects of natural resource exploration and exploitation.
CGG employs over 9,800 people around the world, all with a Passion for Geoscience and working together to deliver the best solutions to its customers.