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PGS ASA Merges with TGS ASA, Settles Incentive Plans

PGS ASA Merges with TGS ASA, Settles Incentive Plans

PGS ASA (GB:0MHR) has released an update.

Confident Investing Starts Here:

PGS ASA is set to merge with TGS ASA on July 1, 2024, creating a leading energy data company, following the settlement of Performance-based Restricted Stock Units (PRSUs) for PGS employees. The PRSUs, part of the company’s long-term incentive plans from 2021 to 2023, were settled based on the volume-weighted average share price as of June 27, 2024. Insider transactions reported include the settlement of 1,218,000 PRSUs for the President & CEO and 511,000 PRSUs for the EVP & CFO.

For further insights into GB:0MHR stock, check out TipRanks’ Stock Analysis page.

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