PGS ASA: Private Placement Successfully Placed
(WorldNews Norway)

PGS ASA: Private Placement Successfully Placed NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN. Reference is made to the stock exchange announcement by PGS ASA (`PGS` or the `Company`) on 21 January 2020 regarding a contemplated private placement (the `Private Placement`) of new shares. The bookbuilding for the Private Placement has been successfully completed, raising gross proceeds of NOK...