During the hearing held on November 20, 2017, the Commercial Court of Paris indicated that it would render its judgment on the draft safeguard plan of CGG and the claim filed against it by certain holders of Convertible Bond, on December 1, 2017. The more detailed indicative timetable of the financial restructuring will be updated as soon as possible.
The decision by the Commercial Court of Paris on the approval of the draft safeguard plan and on the claim filed against it by certain holders of convertible bonds is expected in the afternoon of December 1, 2017.
CGG announces that today the Commercial Court of Paris approved the safeguard plan of CGG, after finding the claims filed by certain holders of CGG’s convertible bonds against this draft plan inadmissible.
With the favorable decision of the Paris Commercial court approving the safeguard plan further to the approval of the resolutions necessary to implement the plan by the extraordinary general meeting and the confirmation judgement for the Chapter 11 in the United States.
CGG Multi-Physics has announced completion of the acquisition, processing and interpretation of a multi-client airborne gravity and magnetic survey of approximately 38,000 line km over the Perdido Fold Belt.
CGG announces that by an order issued today in CGG’s Chapter 15 Case, the US Bankruptcy Court recognized the ruling of the Commercial Court of Paris dated December 1st, 2017 approving its safeguard plan.
"In the particularly challenging year of 2020, which saw the collapse of the oil & gas market across the second and third quarters, we finished the year with solid fourth quarter operational performance...."
"In the particularly challenging year of 2020, which saw the collapse of the oil & gas market across the second and third quarters, we finished the year with solid fourth quarter operational performance...."
CGG announces today its Universal Registration Document for the 2020 financial year was registered with the French Market Authorities (AMF) on March 5, 2021 and is available to the public under current regulatory conditions.