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News > Press releases > 28 March 2007
WAVE - Disclosure of share holdings
Lysaker, Norway, 28 March, 2007. Funds managed by Sector Omega ASA, Anfar Invest AS, Geo Innova AS, Zaragossa Invest AS, Three M AS, Richard William Donoghue, Peter Hooper, Leyline AS, Jalani AS and Økonomi og Regnskapsbistand AS, have in total sold 36,843,449 shares through a private placement of secondary shares in Wavefield Inseis ASA (the “Selling Shareholders”). All the shares were sold at a price of NOK 44 per share. For further details regarding the secondary sale of shares in the private placement, please refer to the company’s stock exchange announcement regarding the completion of the private placement dated 28 March 2007. Following completion of the sale of 36,843,449 shares in the private placement, each of the Selling Shareholders own shares as set forth below: Speculare 2 has sold 22,733,000 shares and now owns 0 shares in Wavefield Inseis ASA. Speculare 2 is an investment fund that is under the management of Sector Omega ASA. Ole-Jacob Storvik (Board member) is an employee of Sector Omega ASA. Sector Maritime has sold 2,867,000 shares and now owns 7,487,500 shares, equal to 5.84 per cent of the outstanding shares and votes in Wavefield Inseis ASA. Sector Maritime is an investment fund that is under the management of Sector Omega ASA. Sector Cognimetrica has sold 4,400,000 shares and now owns 4,906,500 shares, equal to 3.83 per cent of the outstanding shares and votes in Wavefield Inseis ASA. Sector Cognimetrica is an investment fund that is under the management of Sector Omega ASA. Anfar Invest AS, a company controlled by Anders Farestveit (Chairman of the board of directors), has sold 2,800,000 shares and now owns 8,431,000 shares, equal to 6.58 per cent of the outstanding shares and votes in Wavefield Inseis ASA. Geo Innova AS, a company controlled by Jan Bertil Gateman (Director and Senior Vice President Multi-Client projects), has sold 1,750,000 shares and now owns 5,137,000 shares, equal to 4.01 per cent of the outstanding shares and votes in Wavefield Inseis ASA. Zaragossa Invest AS, a company in which Erik Hokholt (CFO) is a minority shareholder, has sold 908,700 shares and now owns 2,120,300 shares, equal to 1.65 per cent of the outstanding shares and votes in Wavefield Inseis ASA. Three M AS, a company controlled by Atle Jacobsen (CEO), has sold 246,333 shares and now owns 492,667 shares, equal to 0.38 per cent of the outstanding shares and votes in Wavefield Inseis ASA. Richard William Donoghue (Director and Vice President Marketing and Sales) has sold 246,333 shares and now owns 492,667 shares, equal to 0.38 per cent of the outstanding shares and votes in Wavefield Inseis ASA. Peter Hooper (Vice President Operations) has sold 246,333 shares and now owns 492,667 shares, equal to 0.38 per cent of the outstanding shares and votes in Wavefield Inseis ASA. Leyline AS, a company controlled by Mike Hodge (QHSE Manager), has sold 184,750 shares and now owns 554,250 shares, equal to 0.43 per cent of the outstanding shares and votes in Wavefield Inseis ASA. Jalani AS, a company controlled by Jan Åge Langeland (Vice President Technical), has sold 246,000 shares and now owns 492,000 shares, equal to 0.38 per cent of the outstanding shares and votes in Wavefield Inseis ASA. Økonomi og Regnskapsbistand AS, a company controlled by Erik Hokholt (CFO), has sold 215,000 shares and now owns 466,000 shares, equal to 0.36 per cent of the outstanding shares and votes in Wavefield Inseis ASA. For purpose of this Notification an outstanding share balance of 128,164,636 shares in Wavefield Inseis ASA was used to calculate the percentages. Wavefield Inseis AS Wavefield Inseis' range of proprietary and non-exclusive Multi-client services includes long offset 2D, high capacity 3D, 4D, Multi-azimuth and Wide-azimuth data acquired with highly specified vessels and the latest seismic equipment. The company is also a full service permanent 4D acquisition provider and will, through a number of strategic alliances, bring new technologies to market to further accelerate and de-risk the replenishment of its clients' reserves. For further information contact: Or
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