An extraordinary general meeting of Electromagnetic Geoservices ASA ("EMGS" or the "Company") was held on 25 November 2021. All items on the agenda were approved by the extraordinary general meeting.
Thus, Mr. Frederik W. Mohn was elected as the Company's new chairman of the board, and Ms. Beatriz Malo de Molina was elected as a new board member. Further, and as a result of Mr. Frederik W. Mohn's resignation from the Company's nomination committee, Mr. Christos Makrygiannis was elected as a new member of the Company's nomination committee.
Minutes of the meeting and results of voting are attached and can also be found on the company's website www.emgs.com.
Anders Eimstad, CFO, +47 948 25 836
This information is published in accordance with the Norwegian Securities Trading Act § 5-12.
EMGS, the marine EM market leader, uses its proprietary electromagnetic (EM) technology to support oil and gas companies in their search for offshore hydrocarbons. EMGS supports each stage in the workflow, from survey design and data acquisition to processing and interpretation. The Company's services enable the integration of EM data with seismic and other geophysical and geological information to give explorationists a clearer and more complete understanding of the subsurface. This improves exploration efficiency and reduces risks and the finding costs per barrel. CSEM technology can also be used to detect the presence of marine mineral deposits (primarily Seabed Massive Sulphides) and EMGS believes that the technology can also be used to estimate the mineral content of such deposits. The Company is undertaking early-stage initiatives to position itself in this future market.
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