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.
The company is pleased to inform that the increased RCF to USD 45 million has been extended further by half a year to March 31, 2023.
With reference to the announcements made 29 June and 24 August 2022 regarding the recommended voluntary exchange offer by TGS ASA to acquire all shares in Magseis Fairfield ASA.
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