|Corporate action number||CA000000228140|
|Corporate action description||
U.c.e. synttech holdings limited, a company ultimately owned by mr nikolay levitskiy, the chief executive officer of ig seismic services plc (igss), announces it is currently in the process of considering and negotiating a transaction to acquire further interests in the ordinary shares and/or global depository receipts issued in relation to the ordinary shares of igss.
Any such acquisition, if ultimately made, is expected to be at the prevailing market price at or around usd 15 in cash per igss ordinary share, equivalent to at or around usd 30 in cash per global depositary receipt admitted to trading on the london stock exchange.
Any such acquisition is expected to result in mr levitskiy and his concert parties, including synttech, holding an interest of between 40 to 50 percent in igsss issued share capital, as a result of which synttech would be required to make a mandatory cash offer at the acquisition price to all igss shareholders.
This corporate action notification does not constitute an offer to sell or the solicitation of an offer to buy any securities by anyone in any jurisdiction. It is not, and should not be construed or treated as, investment or financial advice.