Investor News Story

Spectrum ASA: Share capital increase (2019-08-12T10:57:07 CET)

Oslo, 12 August 2019

Reference is made to the announcement of 8 August 2019 regarding the exercise of all outstanding options in Spectrum ASA
("Spectrum") and the board resolution in Spectrum to increase the share capital to fulfil the company's obligations under the option agreements. The new share capital has been registered today with the Norwegian Register of Business Enterprises. Spectrum's share capital after the registration of the new shares is NOK 57,414,455, divided into 57,414,455 shares, each with a par value of NOK 1.

For additional information about this press release, please contact:

Dean Zuzic; CFO
Email: dean.zuzic@spectrumgeo.com

Cell: +47 414 33560

Company summary
"Spectrum provides innovative Multi-Client seismic surveys and seismic imaging services to the global oil and gas industry from offices in Norway, the UK, USA, Brazil, Egypt, Australia, Indonesia and Singapore. Spectrum designs, acquires and processes seismic data to deliver high quality solutions through its dedicated and experienced workforce. Spectrum holds the world's largest library of Multi-Client 2D marine seismic data and a significant amount of 3D seismic. The company's strategy focuses on both the major, established hydrocarbon producing regions of the world as well as key frontier areas identified by our experienced team of geoscientists. The Spectrum library of Multi-Client data contains projects from many of the foremost oil producing regions of the world. These include new acquisition, reprocessing and interpretation reports".

www.spectrumgeo.com 

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