Magseis Fairfield - Request for extraordinary general meeting

February 18, 2022

(Oslo, 18 February 2022) Magseis Fairfield today announces that shareholders representing 6.68% of the outstanding shares and votes in Magseis Fairfield ASA have made a request for the board of directors to convene an Extraordinary General Meeting (EGM) for the purpose of resolving:

  1. Investigation of the transaction between Magseis ASA and Fairfield Industries Inc. and affiliates, including potential claims and the subsequent follow-up of the transaction. The shareholders will present the mandate for the investigation no later than at the EGM.
  2. An instruction to the board of directors to take adequate steps to prevent potential claims against Fairfield’s representatives to become time barred.

The board of directors will call for an EGM to be held within one month from today.


For further information, please contact:

André Bjørvik, SVP Corporate Communication
Tel: +47 907 42 746
Email: andre.bjorvik@magseisfairfield.com

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Magseis Fairfield is the global leading provider of ocean bottom seismic (OBS) technology and data acquisition projects. The company has a flexible business model with full scale node operations, as well as lease and sale models. The Marine Autonomous Seismic System "MASS" nodes and the range of Z-nodes combined with handling systems and source technology enables market leading deployment speed and highly cost-efficient acquisition of data with exceptional quality.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.