TGS is hereby pleased to announce that the conditions for completion of the Offer relating to third party consents as set out in Section 3.3.4 (Conditions for completion of the Offer) of the Offer Document have now been fulfilled.
The acceptance period for the Offer expired at 16:30 hours (CEST) on 28 September 2022. At the time of expiry the Offeror had received acceptances of the Offer for a total of 204,712,377 Magseis Fairfield shares, equaling approximately 75.34%.
TGS announces that the condition to the Offer relating to minimum acceptance is partially waived by the Offeror.
As of the date hereof at 08:00 hours (Norwegian time), and subject to customary verification, the Offeror has received acceptances of the Offer for a total of 193,842,471 shares, equalling approximately 71.34% of the outstanding shares and votes in Magseis Fairfield.
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