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TGS-NOPEC (Other OTC: TGSNF.PK) Asker, June 6th, 2008. The TGS annual general meeting of shareholders was held on June 5th, 2008. See minutes attached. The meeting included a thorough presentation and discussion of the merger and dispute process with Wavefield-Inseis ASA.
The Shareholders present unanimously consented to the Board of Directors' and the Management's handling of the the merger dispute with Wavefield, The Assembly unanimously approved the Board's conviction:The exchange ratio as agreed in the approved Merger Plan stays as is and shall not be subject to discussion between the parties.
Please see attached Minutes of the Meeting and the Presentation held at the meeting.
For questions and more information regarding the AGM and the merger issue with Wavefield-Inseis ASA, please contact:
Investor Relations:
Arne Helland CFO of TGS Tel: +47 91887829 arne@tgsnopec.no
John Adamick VP Business Development Tel: +1 713 860 2114 jada@tgsnopec.com
For questions about the legal issues around the Merger, please contact
Arne Didrik Kjørnes Wikborg Rein Legal Advisor of TGS Tel.: (+47) 22 82 76 09 Mobile: (+47) 913 23 066 adk@wr.no
