Polarcus Limited ("Polarcus" or the "Company") (OSE: PLCS) announces that Mr. Chris Kelsall has resigned from the board of directors of the Company with effect from 29 January 2017. Chairman, Mr. Peter Rigg said: "I would like to thank Chris for his diligence and hard work. Polarcus wishes Chris every success in his future endeavours."
Mr. Arnstein Wigestrand has decided not to stand for re-election at the Company's Annual General Meeting in May, 2017. The Company's Nomination Committee has been informed and will make recommendations to shareholders prior to the AGM concerning the size and composition of the Board for the future.
Rod Starr, CEO
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Hans-Peter Burlid, CFO
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Polarcus (OSE: PLCS) is an innovative marine geophysical company with a pioneering environmental agenda, delivering high-end towed streamer data acquisition and imaging services from Pole to Pole. Polarcus operates a fleet of high performance 3D seismic vessels incorporating leading-edge maritime technologies for improved safety and efficiency. Polarcus offers contract seismic surveys and multi-client projects with advanced onboard processing solutions and employs nearly 500 professionals worldwide. The Company's principal office is in Dubai, United Arab Emirates. For more information, visit www.polarcus.com