Skip to main content

EMGS: Asset sale transaction completed

Written by Customer Service on . Posted in Public Companies.

Reference is made to the stock exchange announcement published by Electromagnetic Geoservices ASA (the “Company”) on 31 March 2026 announcing a binding agreement (the “Transaction Agreement”) between EMGS and P-2 Riggs Capital, Inc. (as subsequently novated to Riggs Holdco AS, the “Buyer”) for a transaction (the “Transaction”) under which the buyer acquires the Company’s business operations and assets, including hardware, IPR, contractual positions and all of the Company’s employees (together, the “EM Business”).

Completion of the Transaction under the Transaction Agreement has now occurred and the EM Business has been transferred to the Buyer. Consequently, the Company will no longer own and operate the EM Business going forward, and holds no material assets other than a limited cash position which does not exceed its total liabilities.

The board of directors intends to initiate a follow-on process to evaluate the future strategy and structure of the Company, and will provide an update once the board has concluded on its recommendation.

Under the terms of the Transaction Agreement, the former management of the company, CEO, Bjørn Petter Lindhom, and the CFO, Anders Eimstad, will continue as CEO and CFO for the continued EM Business acquired by the Buyer and deliver transitional services for a limited period to the seller. The Company expects to revert with an update as to the future management in the near term.

In accordance with the terms of the Transaction Agreement, the Company (and all of its subsidiaries) will, as soon as possible and at the latest within six months, change its name.

Contact
Anders Eimstad, +47 948 25 836
This information is published in accordance with the Norwegian Securities Trading Act § 5-12 and section 3.1 of Oslo Børs’ Rule Book II for Issuers.

For more information, visit www.emgs.com

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.