Update on regulatory approvals relating to the merger with TGS
14 Februar 2024 - 8:45AM
Update on regulatory approvals relating to the merger with TGS
14 February 2024, Oslo, Norway - Reference is made to the joint
stock exchange announcement on 18 September 2023 by TGS ASA ("TGS,"
OSE: TGS) and PGS ASA ("PGS" or the "Company," OSE: PGS) regarding
the combination of the two companies (the "Merger") to establish
the premier energy data company, as well as subsequent
announcements on 25 October and 1 December 2023 regarding,
respectively, the execution and approval of the definitive merger
plan for the Merger.
The Merger is currently subject to ongoing
review by the competition authorities in the UK, and in Norway, the
Norwegian Competition Authority has resolved to continue its
assessment of the transaction in a Phase II review.
Completion of the Merger remains conditional on
the customary closing conditions described in the merger plan,
including the remaining regulatory approvals set out above.
The statutory creditor notice period for the
Merger has expired.
The parties still expect that completion of the
Merger will occur during the second quarter of 2024, as previously
communicated.
For further information on the Merger and the
complete terms and conditions for the Merger, please see the merger
plan for the Merger available on www.pgs.com and www.tgs.com.
Contact information:
TGS:Sven Børre LarsenCFOTel: +47 909 43 673Email:
investor@tgs.com
PGS:Gottfred LangsethCFOTel: +47 930 55 580Email: ir@pgs.com
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