3 Oct 2012 16:47

IG Seismic listing on LSE expected in late Nov

MOSCOW. Oct 3 (Interfax) - IG Seismic Services (IGSS), created from assets belonging to Integra, Schlumberger and Geotek, expects to be listed on the London Stock Exchange (LSE) in late November, Integra said in a statement.

The listing was originally supposed to occur at the beginning of November.

As anticipated, Integra's shareholders will receive dividends in the form of IGSS shares the day after the listing. The owners of one Integra share will be entitled to 0.8 IGSS shares, and the owners of 1 Integra GDR (global depositary receipts) will have the right to 0.02 IGSS GDR. Geotek should also transfer its stake in IGSS.

At present, Integra owns 36% of IGSS, Geotek owns 52% and Schlumberger owns 12%.