TGS ASA: A Strategic Move in Share Capital and Incentive Plans
In a decisive move that underscores its commitment to rewarding its employees and bolstering its financial structure, TGS ASA, a leading geophysical consulting and contracting service company based in Oslo, Norway, has recently made significant strides in its share capital and incentive plans. This development comes as a testament to the company’s robust strategy in the energy sector, particularly in providing marine seismic, magnetic, and gravitational data services globally.
On September 1, 2025, TGS ASA announced the vesting of Performance Stock Units (PSUs) and Restricted Stock Units (RSUs) under the 2022 Long-term Incentive Plan. This strategic decision resulted in the issuance of 198,926 new shares of TGS common stock to 83 employees, a move that not only rewards the company’s top performers but also aligns their interests with the long-term success of the company. This issuance, net of any units settled in cash to satisfy employees’ tax withholding obligations, marks a significant moment in TGS’s history, reflecting its dedication to fostering a motivated and invested workforce.
Furthermore, the company has registered a new share capital, bringing its total share capital to NOK 49,149,936.50, divided into 196,599,746 shares, each with a par value of NOK 0.25. This increase in share capital, following the vesting of PSUs and RSUs, is a clear indicator of TGS’s strategic financial planning and its commitment to maintaining a solid foundation for future growth and stability.
The financial landscape for TGS ASA, as of August 28, 2025, shows a close price of 76.75 NOK, with a market capitalization of 1,410,000,000 NOK. Despite the fluctuations in its stock price, with a 52-week high of 126 NOK and a low of 70.95 NOK, TGS’s strategic decisions, particularly in terms of employee incentives and share capital management, demonstrate a forward-thinking approach aimed at sustaining its competitive edge in the energy equipment and services sector.
As TGS ASA continues to navigate the complexities of the global energy market, its recent financial maneuvers underscore a commitment to strategic growth, employee satisfaction, and shareholder value. With a keen eye on the future, TGS ASA is poised to leverage its strengths in geophysical consulting and contracting services, ensuring its position as a leader in the energy sector.
For more information, interested parties are encouraged to visit TGS.com or contact Bård Stenberg, VP IR & Communication, at +47 992 45 235 or investor@tgs.com .
In conclusion, TGS ASA’s recent financial activities, particularly the vesting under the 2022 Long-term Incentive Plan and the registration of new share capital, reflect a strategic approach to growth and employee engagement. As the company continues to expand its global footprint in the energy sector, these moves are likely to play a pivotal role in shaping its future trajectory.