Integra directors, management exchange IGSS shares for Integra GDR
MOSCOW. Oct 14 (Interfax) - Members of the Integra boards of directors and managers have exchanged their shares in IG Seismic Services (IGSS) for Integra GDR, the company said in a press release.
One IGSS share was exchanged for 1.328 Integra GDR. The deal was carried out on October 10.
Integra management pulled out of IGSS capital as a result and increased its stake in Integra. Integra President Felix Lubashevsky now has 692,200 shares in the company and his stake has grown to 15.7%. Board Chairman John Fitzgibbons now has 381,700 GDR in the company and his stake has grown to 8.6%. Operations Director Robert Whalley has 36,600 GDR and a 0.8% stake, board of directors member Steven Polakov has 26,700 GDR and a 0.6% stake and Pavel Kamsky has 9,700 GDR and 0.2%.
IGSS was established in December 2011 on the basis of Inegra, Schlumberger and Geotek assets. Later, Integra shares in IGSS were distributed among Integra shareholders. Thus, Integra, and now its managers, have pulled out of IGSS.
