CGG shareholders approve EUR 350m capital increase project
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CGG shareholders in their recent meeting have approved an EUR 350m capital increase project.
The shareholders’ meeting of CGG was held under the chairmanship of Mr. Remi Dorval, Chairman of the Board of directors.
Shareholders adopted all of the resolutions supported by the Board of directors, in particular the third resolution which, in accordance with the announcements made by CGG on 7 December 2015, delegated to the Board of directors the authority to decide to carry out a capital increase with preferential subscription rights in favour of holders of existing shares up to a maximum nominal amount of EUR 350m, as part of the implementation of the Transformation Plan (The third resolution was adopted by a majority of 99.60% of shareholders present or represented).
CGG intends to launch this capital increase as soon as possible, subject to market conditions and to granting of a visa by the Autorite des marches financiers on the corresponding prospectus.