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CGG SA (GEPH.PA)

GEPH.PA on Paris Stock Exchange

2.14EUR
20 Jul 2018
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Latest Key Developments (Source: Significant Developments)

CGG Announces The Appointment Of Sophie Zurquiyah As Chief Executive Officer
Friday, 23 Mar 2018 02:25pm EDT 

March 23 (Reuters) - CGG ::REG-CGG: ANNOUNCES THE APPOINTMENT OF SOPHIE ZURQUIYAH AS CHIEF EXECUTIVE OFFICER & THE COOPTATION OF TWO NEW BOARD MEMBERS.‍THIS NOMINATION SHOULD BE EFFECTIVE AT END OF ANNUAL GENERAL MEETING TO BE HELD ON APRIL 26, 2018​.  Full Article

CGG Q4 Net Loss Narrows To $74.9‍ Million
Friday, 9 Mar 2018 01:30am EST 

March 9 (Reuters) - CGG ::Q4 GROUP EBITDAS $134.1 MILLION VERSUS $99.8 MILLION YEAR AGO.Q4 GROUP REVENUE $400.7 ‍​MILLION VERSUS $328.3 MILLION YEAR AGO.Q4 NET LOSS $74.9‍ MILLION VERSUS LOSS OF $279.8 MILLION YEAR AGO.FOR 2018 EXPECTS REVENUE UP AT AROUND $1.5 BILLION.Q4 NET DEBT $2.64 BILLION VERSUS EUR $2.31 BILLION YEAR AGO.FOR 2018 EXPECTS EBITDA MARGIN WITHIN 35 PERCENT TO 40 PERCENT RANGE.  Full Article

CGG Raises About 112.2 Million Euros In Rights Issue
Friday, 9 Feb 2018 01:30pm EST 

Feb 9 (Reuters) - CGG ::REG-CGG: SUCCESS OF THE RIGHTS ISSUE WITH PREFERENTIAL SUBSCRIPTION RIGHT.TOTAL DEMAND OF APPROXIMATELY EUR 132.5 MILLION, REPRESENTING APPROXIMATELY 118% OF OFFER AMOUNT..RIGHTS ISSUE WITH PREFERENTIAL SUBSCRIPTION RIGHT (PSR) OF APPROXIMATELY EUR 112.2 MILLION (INCLUDING SHARE PREMIUM).ISSUANCE OF 71,932,731 SHARES OF COMPANY EACH WITH ONE WARRANT ATTACHED.A SUBSCRIPTION PRICE OF EUR 1.56 PER ABSA (I.E. EUR 0.01 PAR VALUE AND EUR 1.55 SHARE PREMIUM)..  Full Article

CGG Announces Delisting Of Senior Notes
Friday, 9 Feb 2018 01:39am EST 

Feb 9 (Reuters) - CGG ::REG-CGG: ANNOUNCES DELISTING OF THE SENIOR NOTES FROM THE EURO MTF MARKET IN LUXEMBOURG ON FEBRUARY 21, 2018.‍SENIOR NOTES WILL BE DELISTED FROM OFFICIAL LIST OF LUXEMBOURG STOCK EXCHANGE​.‍SENIOR NOTES WILL BE WITHDRAWN FROM TRADING ON EURO MTF MARKET OF LUXEMBOURG STOCK EXCHANGE​.‍DELISTING OF SENIOR NOTES WILL BE EFFECTIVE ON FEBRUARY 21, 2018​.‍"SENIOR NOTES" MEANS CGG'S 6.500% SENIOR NOTES DUE 2021​.‍"SENIOR NOTES" MEANS CGG'S 5.875% SENIOR NOTES DUE 2020 AND 6.875% SENIOR NOTES DUE 2022​.  Full Article

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