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CGG SA (GEPH.PA)

GEPH.PA on Paris Stock Exchange

3.24EUR
23 Jan 2018
Change (% chg)

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€1.14

Latest Key Developments (Source: Significant Developments)

CGG Launches Capital Increase For About EUR 112.2 Million
Wednesday, 17 Jan 2018 01:30am EST 

Jan 17 (Reuters) - CGG ::REG-CGG: LAUNCHES ITS SHARE CAPITAL INCREASE WITH PREFERENTIAL SUBSCRIPTION RIGHTS FOR AN AMOUNT OF APPROXIMATELY €112.2 MILLION THROUGH THE ISSUANCE OF NEW SHARES, EACH WITH ONE WARRANT ATTACHED.SUBSCRIPTION PRICE: EUR 1.56 PER NEW SHARE, EACH WITH ONE WARRANT ATTACHED.‍SUBSCRIPTION PERIOD: FROM JANUARY 22, 2018 TO FEBRUARY 2, 2018 INCLUSIVE​.‍TRANSACTION IS PART OF CGG'S FINANCIAL RESTRUCTURING PLAN​.TRADING PERIOD FOR RIGHTS: FROM JAN 18, 2018 TO JAN 31, 2018 INCLUSIVE.‍TRANSACTION IS BACKSTOPPED BY DNCA (IN CASH) FOR UP TO APPROXIMATELY EUR 71.39 MILLION​.‍TRANSACTION IS BACKSTOPPED BY SENIOR NOTE HOLDERS FOR REMAINING UNSUBSCRIBED PORTION​.‍SUBSCRIPTION RATIO: 13 ABSAS FOR 4 RIGHTS​.  Full Article

CGG FY Revenue Up 10%, Standing At $1,320 Million​
Tuesday, 16 Jan 2018 01:30am EST 

Jan 16 (Reuters) - CGG ::REG-CGG: PROVIDES FULL YEAR 2017 TRADING UPDATE.‍FULL-YEAR 2017 CGG GROUP REVENUE WAS UP 10% YEAR-ON-YEAR, STANDING AT $1,320 MILLION​.‍GROUP Q4 REVENUE STOOD AT $400 MILLION, COMPARED TO $328 MILLION YEAR AGO​.‍RESTRUCTURING COSTS ARE ESTIMATED AT $187 MILLION FOR WHOLE YEAR 2017, INCLUDING $26 MILLION BOOKED IN Q4​.2017 GROUP EBITDAS (BEFORE RESTRUCTURING COSTS) SHOULD BE HIGHER THAN EXPECTED.‍NET DEBT AMOUNTED TO $2.640 BILLION AS AT DECEMBER 31, 2017​.  Full Article

CGG Obtains Recognition Of French Ruling Approving Its Safeguard Plan By US Court
Friday, 22 Dec 2017 01:54am EST 

Dec 22 (Reuters) - CGG SA ::SAID ON THURSDAY IT OBTAINED RECOGNITION OF THE FRENCH RULING APPROVING ITS SAFEGUARD PLAN BY THE US COURT AS PART OF THE CHAPTER 15 PROCESS.  Full Article

Fugro And Cgg's Jointventure Seabed Geosolutions Awarded Two New Contracts
Wednesday, 20 Dec 2017 01:48am EST 

Dec 20 (Reuters) - Fugro and Seabed Geosolutions::.  Full Article

CGG Says CEO To Step Down Once Restructuring Process Is Completed​
Monday, 4 Dec 2017 04:30pm EST 

Dec 4 (Reuters) - CGG ::REG-CGG: ANNOUNCES THE LAUNCH OF CEO SUCCESSION PLAN.CEO JEAN-GEORGES MALCOR HAS DECIDED NOT TO PURSUE HIS MANDATE OF CHIEF EXECUTIVE OFFICER ONCE RESTRUCTURING PROCESS IS COMPLETED​.‍BOARD OF DIRECTORS WILL THEREFORE IMMEDIATELY LAUNCH SEARCH FOR A NEW CHIEF EXECUTIVE OFFICER.​.‍JEAN-GEORGES MALCOR WILL COMPLETE FINANCIAL RESTRUCTURING PROCESS IN Q1 OF 2018​.  Full Article

CGG Says Commercial Court Of Paris Approves Safeguard Plan
Friday, 1 Dec 2017 10:41am EST 

Dec 1 (Reuters) - CGG ::REG-CGG: THE COMMERCIAL COURT OF PARIS APPROVES THE SAFEGUARD PLAN AND DISMISSES THE CLAIMS OF CERTAIN HOLDERS OF CGG'S CONVERTIBLE BONDS.‍TRADING ON EURONEXT PARIS IN CGG'S SHARES AND CONVERTIBLE BONDS WILL RESUME AS FROM DECEMBER 4, 2017 AT 9:00 AM.​.  Full Article

Trading halt requested on CGG shares for Dec. 1
Thursday, 30 Nov 2017 01:01am EST 

Nov 30 (Reuters) - CGG ::* Trading halt requested on CGG shares for December 1.* Decision by the Commercial Court of Paris on the approval of the draft safeguard plan and on the claim filed against it by certain holders of convertible bonds is expected in the afternoon of December 1, 2017.* Majority of shareholders and bondholders of geophysical equipment maker CGG have approved CGG's financial restructuring.* CGG has debt in excess of $3 billion, and the restructuring calls for unsecured debt to be converted to equity, maturities on secured debt to be extended and $500 million in new money to be raised.* CGG, in which the French state holds around 9 percent of the shares, filed for bankruptcy in France and the United States in June as part of a restructuring to ease its debt burden.  Full Article

Paris Commercial Court to rule on CGG restructuring plan on Dec. 1
Tuesday, 21 Nov 2017 12:07am EST 

Nov 21 (Reuters) - CGG ::* Commercial Court of Paris to rule on CGG's draft safeguard plan - which has been opposed by some bondholders - on Dec. 1.* Majority of shareholders and bondholders of geophysical equipment maker CGG have approved the financial restructuring.* CGG has debt in excess of $3 billion, and the restructuring calls for unsecured debt to be converted to equity, maturities on secured debt to be extended and $500 million in new money to be raised.* CGG, in which the French state holds around 9 percent of the shares, filed for bankruptcy in France and the United States in June as part of a restructuring to ease its debt burden.  Full Article

CGG's subsidiary Sercel signs partnership with Fotech Solutions
Thursday, 16 Nov 2017 01:39am EST 

Nov 16 (Reuters) - CGG ::SUBSIDIARY SERCEL SIGNS PARTNERSHIP WITH FOTECH SOLUTIONS TO DELIVER NEXT GENERATION OF ADVANCED DOWNHOLE TECHNOLOGY.  Full Article

CGG says the general meeting of shareholders has approved the financial restructuring plan
Monday, 13 Nov 2017 08:31am EST 

Nov 13 (Reuters) - CGG Sa :CGG: The general meeting of shareholders has approved the financial restructuring plan.CGG - ‍CGG announces that general meeting of shareholders has approved all resolutions required to implement financial restructuring plan​.CGG - ‍ Trading on company shares, 2019 convertible bonds, 2020 convertible bonds, will resume as from November 14th, 2017, at 9:00am​.  Full Article

Oil services group CGG issues bullish update, shares rise

PARIS, Jan 16 Oil services group CGG , which is emerging from a debt restructuring plan, on Tuesday reported higher sales in 2017 and forecast a rise in full year earnings, causing its shares to surge higher.