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CGG SA (GEPH.PA)

GEPH.PA on Paris Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Fugro Announces Seabed Geosolutions Red Sea Contract Win
Monday, 22 Oct 2018 10:37am EDT 

Oct 22 (Reuters) - FUGRO NV ::SEABED GEOSOLUTIONS WINS SIGNIFICANT RED SEA OCEAN BOTTOM NODE CONTRACT.SURVEYS ARE SCHEDULED TO COMMENCE EARLY 2019.CONTRACT WILL BE JOINTLY EXECUTED AND SHARED WITH SEABED'S PARTNER IN MIDDLE EAST ARGAS, WHO IS CONTRACT HOLDER.  Full Article

CGG commenced acquisition of a high-density, rich-azimuth, towed-streamer multi-client survey in UK West Shetland basin
Monday, 17 Sep 2018 01:30am EDT 

Sept 17 (Reuters) - CGG SA ::REG-CGG: CONDUCTS INNOVATIVE RICH-AZIMUTH MULTI-CLIENT SURVEY NW OF SHETLAND.FINAL DATA WILL BE AVAILABLE IN MID-2019.COMMENCED ACQUISITION OF A HIGH-DENSITY, RICH-AZIMUTH, TOWED-STREAMER MULTI-CLIENT SURVEY IN UK WEST SHETLAND BASIN.FAST-TRACK PRESDM DATA SET WILL BE AVAILABLE IN Q1 2019.  Full Article

Reg-CGG Announces The Appointment Of Yuri Baidoukov As Group CFO
Thursday, 26 Jul 2018 01:30am EDT 

July 26 (Reuters) - CGG SA ::REG-CGG: ANNOUNCES THE APPOINTMENT OF YURI BAIDOUKOV AS GROUP CFO.APPOINTMENT OF YURI BAIDOUKOV AS GROUP CFO, EFFECTIVE SEPTEMBER 1, 2018.  Full Article

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

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Oil services group CGG to delist U.S. shares

PARIS Oil services group CGG , which has been emerging from a debt restructuring plan, said it would delist its U.S. securities as the company felt the New York Stock Exchange listing was too expensive.