Shareholders’ Meeting of CGG of 11 January 2016
Paris, France | Jan 11, 2016
The shareholders’ meeting of CGG was held today under the chairmanship of Mr Rémi 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 350 million euros, as part of the implementation of the Transformation Plan1.
CGG intends to launch this capital increase as soon as possible, subject to market conditions and to granting of a visa by the Autorité des marchés financiers on the corresponding prospectus.
The complete results of voting on the resolutions are available on the Group’s website www.cgg.com.