("IGSS") request to cancel the listing and trading of its GDRs

IG Seismic Services PLC
IG Seismic Services PLC ("IGSS") request to cancel the listing and trading of its GDRs
7 April 2015
IGSS announces that it has sent a request to the London Stock Exchange and the Financial Conduct
Authority to cancel the listing and trading of its Global Depositary Receipts ("GDRs") ("Cancellation")
effective as of 30 June 2015 ("Cancellation Date").
This request refers to GDRs with the following features:
1. Name of issuer:
IG Seismic Services PLC
2. Name of securities:
(a) IG SEISMIC SERVICES PLC GDR (EACH REPR 2 ORDS) (REG S), and
(b) IG SEISMIC SERVICES PLC GDR (EACH REPR 2 ORDS) (144A).
Market: GDR Main Market of the London Stock Exchange
Currency: USD
SEDOL: (a) B8JVFF9 and (b) B91T2V3
ISIN number: (a) US4495972022 and (b) US4495971032
3. Regulated investment exchange on which securities are traded:
(a) London Stock Exchange, International Order Book, Main Market.
(b) London Stock Exchange, Trade Reporting only, Main Market.
4. Reasons for delisting:
IGSS intends to terminate its GDR program and cancel the listing and trading of its GDRs as it wishes
to be listed in Russia as opposed to London.
The GDRs and shares in IGSS will not be listed or traded anywhere after the Cancellation Date.
Shortly after the Cancellation, IGSS intends to effect a change of its shareholder base and corporate
group ("Change"), the key points of which are as follows:
(a)
Currently, IGSS holds the entire issued share capital of PJSC "Geotech Seismic
Services" ("GSS") and 99% of the entire issued share capital of JSC "Geotech Holding"
("GH");
(b)
The existing operating company (GSS) for IGSS is placed above (with GH in between)
IGSS, to be held by the former IGSS shareholders in the same proportions as they
previously held shares in IGSS. Whilst 99% of the shares of GH will be owned by GSS,
the remaining 1% remains to be owned by a company that is controlled by and acts at
the direction of GSS;
(c)
Given that IGSS (the main operating activities of which have always been run out of
GSS) and GH are merely shell group holding companies, the underlying assets held by
IGSS shareholders will be identical both before and after the Change has completed
(and their proportionate interests in those assets will remain unchanged); and
(d)
Consideration for shares in IGSS is shares in GSS which have equivalent rights to
shares in IGSS (ie. following the Change, a GSS shareholder is entitled to the same
voting rights and economic interests, as it held in IGSS).
Contacts:
IGSS Investor Relations
Alla Muzhzhevleva
+ 7 495 580 7882
[email protected]
This document may contain “forward-looking statements” which include all statements other than statements of historical
fact. Such forward-looking statements can often be identified by words such as “plans”, “expects”, “intends”, “estimates”,
“will”, “may”, “continue”, “should” and similar expressions. Such forward-looking statements involve known and unknown
risks, uncertainties and other important factors beyond the IG Seismic Services plc’s (the “Company”) control that could
cause the actual results, performance or achievements of the Company to be materially different from future results,
performance or achievements expressed or implied by such forward-looking statements. Such forward-looking
statements are based on numerous assumptions regarding the Company’s present and future business strategies and
the environment in which the Company will operate in the future. By their nature, forward-looking statements involve risks
and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future.
These forward-looking statements speak only as at the date as of which they are made, and neither the Company, nor
any of its respective agents, employees or advisors intends or has any duty or obligation to supplement, amend, update
or revise any of the forward-looking statements contained herein to reflect any change in the Company’s expectations
with regard thereto or any change in events, conditions or circumstances on which any such statements are based. The
information and opinions contained in this document are provided as at the date of this document or as otherwise
specified herein and are subject to change without notice.