Geoex Ltd completes the acquisition of MultiClient Geophysical ASA

Geoex Ltd successfully completes the voluntary offer to acquire all outstanding shares in MultiClient Geophysical ASA.

Following expiry of the acceptance period under Geoex’s voluntary offer for all issued and outstanding shares in MultiClient Geophysical ASA (MCG), Geoex had received acceptances from shareholders holding 85,802,501 shares in MCG, representing approximately 92.4% of the issued and outstanding shares in MCG. Based on the good result, Geoex will accept the tendered shares and proceed with completion of the offer.

Geoex intends to, as soon as practically following completion of the Offer, carry out a compulsory acquisition of the remaining shares in MCG and have the shares of MCG delisted from the Oslo Axess.

Aabø-Evensen & Co Advokatfirma AS is acting as legal advisors to Geoex Ltd in connection with the transaction.

Click here to be redirected to the stock exchange notice published 30 March 2017.