Arrow Prospectus - PGS

ARROW SEISMIC ASA – INITIAL PUBLIC OFFERING
5.8 SUBSCRIPTION OFFICES
The Subscription Offices are:
Carnegie ASA
Stranden 1, Aker Brygge
PO Box 684 Sentrum
0106 Oslo
Norway
Telephone: +47 22 00 93 00
Fax: +47 22 00 99 60
www.carnegie.no
Kaupthing ASA
Olav V gt. 5
P.O. Box 1914 Vika
0125 Oslo
Norway
Telephone: +47 24 14 74 00
Fax: +47 24 14 74 31
www.kaupthing.no
5.9 CONDITIONS FOR COMPLETION OF THE OFFERING
Completion of the Offering is conditional upon (i) the approval of the Offering by the Board of the Company
following the end of the Book-building Period/ Subscription Period; and (ii) the admission of the Shares on Oslo
Børs or alternatively Oslo Axess (see Section 5.16 “Application for Listing”). There can be no assurance that
these conditions will be satisfied.
5.10 ALLOCATION OF OFFER SHARES
The Offering will be divided into an Institutional Offering and a Retail Offering. The preliminary allocation of
Offer Shares between the tranches is approximately 1-5 % for the Retail Offering and 95-99 % for the
Institutional Offering. However, the final allocation between the tranches will be decided on following expiry of
the Book-building Period/Subscription Period at the Company’s and the global coordinator, Carnegie’s, sole
discretion. Such decision will be based i.a., on the level of orders/subscriptions in the respective tranches relative
to the overall subscription level in the Offering. No Offer Shares have been reserved for any specific national
market. No allocation will be made for a number of Offer Shares less than 100, which is expected to represent
one Trading Lot.
In the Institutional Offering, the Board will determine the allocation of Offer Shares after consultation with the
Managers. An important aspect of the allocation principles is the desire to create an appropriate shareholder
structure for the Company. The allocation principles will include, inter alia, customary allocation criteria such as
timeliness of orders, subscribed amount, price aggressiveness in the Book-building Period, perceived investor
quality, investors’ time horizon and the goal of establishing a strong, diversified shareholder structure. Priority
may therefore be given to investors believed by the Board to be quality investors and contribute to such
shareholder structure.
In the Retail Offering, allocation will be made solely on a pro rata basis using the VPS automated standard
allocation procedure. Smaller subscriptions may however be given a larger relative allotment than larger
subscriptions, due to the minimum allocation of 100 shares (expected to be one Trading Lot). In the event that
further reductions need to be made, the Company reserves the right to limit the total number of investors to
whom Offer Shares will be allocated if it deems this to be necessary in order to keep the number of shareholders
in the Company at an appropriate level. If the Company should decide to limit the total number of investors to
whom Offer Shares will be allotted, the identity of the investors to whom Offer Shares will be allotted will be
determined by drawing lots or applying similar mechanisms.
The allotment of Offer Shares will take place after the expiry of the Book-building Period/Subscription Period
on or about 24 May 2007. Allotment letters will be sent on or about 25 May 2007. General information on
allotment in the Retail Offering will be published pursuant to Section 5.17 “Publication of information related to
the Offering”. Investors who want to know their precise allotments from the morning of 25 May 2007 may
contact the Managers. Those with access to investor services through their VPS account manager is expected to
be able to check the number of Offer Shares that have been allotted to them from and including 30 May 2007.
Upon an extension of the Book-building Period/Subscription Period, the indicated dates will be adjusted
accordingly.
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