Tuesday, 8 December 2015

SUPPORT FOR CGG’S PLANNED CAPITAL INCREASE - 08/12/2015

SUPPORT FOR CGG’S PLANNED CAPITAL INCREASE

Following the announcement made this morning concerning its proposed capital increase, CGG welcomes the support of Bpifrance, a 7.04% shareholder, which has just announced that it plans, alongside IFP Energies Nouvelles, to subscribe to this capital increase at the level of the current shareholding of the two parties acting in concert, i.e. 10.62% of the capital, subject to the final terms of the transaction which will be determined during the effective launch of the capital increase.

Furthermore, CGG has been informed that Total intends to support, if necessary, CGG’s capital increase, which will be submitted to the approval of its shareholders, up to a maximum amount of €35m, subject to the final terms of the transaction which will be determined during the effective launch of the capital increase.

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