Grant of employee share options

by polarcus on 30-Apr-13 07:30

Polarcus Limited ("Polarcus" or the "Company") (OSE: PLCS) announces the award of share options to certain employees according to the Company's existing 2012 share option plan for employees of which the main terms were approved in the Annual General Meeting of the Company on 26 April 2012.

 

The awarded share options have an exercise price of NOK 5.86 and an exercise period of April 30, 2016 - April 29, 2018.

 

A number of employees awarded share options are Primary Insiders of Polarcus Limited. The share options awarded to the Primary Insiders and their new holdings are detailed below:

 

Rolf Ronningen, Chief Executive Officer; awarded 140,000 new share options. Following the award, he holds 642,600 options under the 2010 share option scheme; 485,000 options under the 2012 share option plan; and 1,000,800 shares.

 

Carl-Peter Zickerman, EVP & Head of Strategic Investments; awarded 140,000 new share options. Following the award he holds 483,700 options under the 2010 share option scheme; 385,000 options under the 2012 share option plan; and 22,948,081 shares.

 

Tom Henrik Sundby, Chief Financial Officer; awarded 140,000 new share options. Following the award he holds 190,000 options under the 2008 share option scheme; 390,700 options under the 2010 share option scheme; 385,000 options under the 2012 share option plan; and 350,000 shares.

 

Eirin Martha Inderberg, General Counsel; awarded 140,000 new share options. Following the award she holds 459,500 options under the 2010 share option scheme; 385,000 options under the 2012 share option plan; and 590,000 shares.

 
 
Paul Lionel Hanna, SVP Human Resources; awarded 140,000 new share options. Following the award he holds 439,100 options under the 2010 share option scheme; 385,000 options under the 2012 share option plan; and 974,000 shares.

 

Christian Fenwick, SVP Corporate Marketing & Multi-Client; awarded 140,000 new share options. Following the award he holds 439,100 options under the 2010 share option scheme; 485,000 options under the 2012 share option plan; and 376,000 shares.

 

Christopher Griffin, VP EHSQ; awarded 120,000 new share options. Following the award he holds 222,100 options under the 2010 share option scheme; 315,000 options under the 2012 share option plan; and 570,000 shares.

 

Trygve Sandvik Reksten, SVP Marketing & Sales; awarded 140,000 new share options. Following the award he holds 313,200 options under the 2010 share option scheme; 485,000 options under the 2012 share option plan; and 200,000 shares.

 

Magnus Oberg, VP Information Technology; awarded 120,000 new share options. Following the award he holds 245,300 options under the 2010 share option scheme; 315,000 options under the 2012 share option plan; and 250,000 shares.

  

Hans-Peter Sigvard Burlid, VP Finance; awarded 140,000 new share options. Following the award he holds 303,500 options under the 2010 share option scheme; 385,000 options under the 2012 share option plan; and 375,000 shares.

 

Duncan Alexander Eley, SVP Marine Acquisition; awarded 140,000 new share options. Following the award he holds 40,000 options under the 2008 share option scheme; 187,200 options under the 2010 share option scheme; 485,000 options under the 2012 share option plan; and 0 shares.

 

Philip Michael Fontana, Chief Geophysicist; awarded 120,000 new share options. Following the award he holds 60,000 options under the 2008 share option scheme; 274,400 options under the 2010 share option scheme: 465,000 options under the 2012 share option plan; and 50,000 shares.

 

Contacts

 

Rolf Rønningen, CEO Polarcus, +971 4 436 0800 / +971 50 459 6982

Tom Henrik Sundby, CFO Polarcus, +971 4 436 0800 / +971 50 708 6480

 

About Polarcus

 

Polarcus (OSE: PLCS) is a pure play marine geophysical company with a pioneering environmental agenda, specializing in high-end towed streamer data acquisition from Pole to Pole. Polarcus operates a fleet of high performance 3D seismic vessels incorporating an innovative design and advanced maritime technologies for improved safety and efficiency. Polarcus offers contract seismic surveys and multi-client projects worldwide and employs over 500 professionals. The Company's principal office is in Dubai, United Arab Emirates. For more information, visit www.polarcus.com

 

 

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)