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08/11-2018 08:42:46: (MSEIS) KEY INFORMATION RELATING TO THE SUBSEQUENT OFFERING

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR
INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, JAPAN, HONG KONG, THE UNITED STATES OR
ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD
BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO BUY, SELL OR
SUBSCRIBE FOR ANY SECURITIES DESCRIBED HEREIN.

MAGSEIS ASA – KEY INFORMATION RELATING TO THE SUBSEQUENT OFFERING

Reference is made to the stock exchange release on 8 November 2018 where Magseis
ASA ("Magseis" or the "Company") announced a private placement with gross
proceeds of approximately USD 150 million (the "Private Placement") and a
subsequent offering of up to USD 15 million (the "Subsequent Offering"). 

Date on which the terms for the Subsequent Offering was announced: 8 November
2018
Last day of trading including rights to receive subscription rights: 7 November
2018
First day of trading excluding rights to receive subscription rights: 8 November
2018
Record date: 9 November 2018
Maximum number of new shares: 7,392,330
Subscription price: NOK 16.95

The Subsequent Offering is conditional on completion of the Private Placement,
the extraordinary general meeting of Magseis to be held on or about 11 December
2018 approving the Subsequent Offering and approval and publication of a
prospectus, expected to take place on or about 18 December 2018. For further
information about the conditions for completion of the Private Placement, please
see the Company's stock exchange release on 8 November 2018. 

For further information, please contact:

Per Christian Grytnes, CEO
Tel: +47 48 21 48 21 
E-mail: pc.grytnes@magseis.com 

Tom Henrik Sundby, CFO
Tel: +47 47 75 44 15 
E-mail: tom.sundby@magseis.com

This information is published in accordance with the requirements of the
Continuing Obligations.

Ekstern link: https://newsweb.oslobors.no/message/463092

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