CGG - CGG STOCK NEWS

CGG, a French société anonyme, reported its total number of issued shares and voting rights as of March 31, 2023. The company has 712,381,115 issued shares, with a total of 714,277,433 actual voting rights and 714,302,429 theoretical voting rights. It is important to note that all shares carry the same voting rights except for treasury shares and registered shares held for over two years, which have double voting rights. This information is shared in compliance with Article L. 233-8 II of the French Commercial Code and is crucial for investors monitoring stockholder equity.

CGG has filed its 2022 Universal Registration Document with the French Financial Markets Authority on March 16, 2023. This document, presented in ESEF format, includes key components such as the annual financial report, the Board of Directors’ report on corporate governance, a description of the share buyback program, and the management report detailing non-financial performance. The document is publicly accessible under regulatory conditions and can be found on CGG’s website. This filing highlights CGG's commitment to transparency and compliance within the financial market.

This release by CGG provides details on the company's share capital and voting rights as of February 28, 2023. The total number of issued shares stands at 712,381,115, with 714,275,430 actual voting rights and 714,300,426 theoretical voting rights. All shares carry equal voting rights excluding treasury shares, which have none, while registered shares held for over two years enjoy double voting rights. This information complies with the French Commercial Code and the regulations of the AMF (Autorité des Marchés Financiers).

CGG has appointed Jérôme Serve as the new Group Chief Financial Officer, succeeding Yuri Baidoukov, who will leave the company by March 31, 2023, for family reasons. Sophie Zurquiyah, CEO of CGG, acknowledged Baidoukov's contributions over the past four and a half years, especially regarding the company's transformation and refinancing efforts. Jérôme Serve brings a wealth of experience, having previously served as CFO at Forvia/Faurecia and holding roles at TotalEnergies and Shell. His background in petroleum engineering and corporate finance positions him to support CGG's ongoing growth and leadership in Earth science and data science sectors.

CGG reported strong Q4 and full year 2022 financial results, achieving net income of $43 million compared to a loss of $180 million in 2021. Q4 revenue reached $268 million, driven by $142 million in EBITDAs and operating income of $84 million, marking significant profitability improvements. Segment revenues saw a 6% increase year-on-year, with Earth Data up 28%. The company maintained a liquidity of $398 million and plans for segment revenue growth of 15-20% in 2023. CGG expects ongoing high volatility in quarterly segment revenues but remains optimistic about its backlog and technology leadership.

CGG is set to release its fourth quarter 2022 financial results on March 2, 2023, after market close. This announcement will be accompanied by a Q&A session at 6:30 PM CET on the same day. The financial details and presentation materials will be made accessible on their official website at 5:45 PM CET. Interested participants can register for the call to receive the necessary dial-in information. A replay of the conference call will be available for 12 months on the company's website, ensuring stakeholders can review the outcomes. CGG continues to focus on delivering sustainable solutions across various sectors.

CGG, a French société anonyme with a capital of €7,123,573, has released its latest information regarding the number of voting rights and shares as of January 31, 2023. As per French regulations, CGG issued a total of 712,357,737 shares. The number of actual voting rights is stated as 714,254,931, while the theoretical voting rights amount to 714,279,927.

All company shares carry the same voting rights, with the exclusion of treasury shares devoid of voting rights and registered shares held for over two years, which have double voting rights.